Hacker News new | ask | show | jobs
by c22 11 days ago
Identifying and distributing 100k to each homeless person would require many layers of bureaucracy.

As it should. It is not responsible to give millions of dollars in taxpayer funds to an intern and tell them to start passing it out to random people on the street.

1 comments

We could just give 50k to every person, and then increase taxes enough to make up for it.
It may sound crazy but that may be cheaper than maintaining the status quo. The idea is serious and it’s called Universal Basic Income, or UBI. It may arrive earlier than most think.