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Chicago Could Soon Become the Largest American City to Give Universal Basic Income a Try
Fortune ^ | 7/18/2018 | Natasha Bach

Posted on 07/18/2018 10:46:31 AM PDT by simpson96

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To: simpson96

How can UBI be universal, even within the confines of Chicago? Is Chicago now going to print its own money? And if it did, how long would it be before $1Chicago would be worth less than $.01US ? I can
t imagine it ever getting past pilot program status and a pilot program is not sufficient to destroy Chicago while it raises the City high on the Faux Virtue scale.


21 posted on 07/18/2018 11:00:51 AM PDT by arthurus (uyubdccccccfd)
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To: simpson96

Well it’s a declining cost in Chicago. If they offered free funerals for gunshot victims, they might be in trouble.


22 posted on 07/18/2018 11:03:04 AM PDT by DannyTN
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To: simpson96

Bankruptcy impending......


23 posted on 07/18/2018 11:04:10 AM PDT by cranked
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To: simpson96

I can tell you this, next month that won’t be near enough money... And you have the next mount, and the next....


24 posted on 07/18/2018 11:04:44 AM PDT by unread (Joe McCarthy was right.......)
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To: Lurkinanloomin

None of it is their money they are using, you know that and so do they.


25 posted on 07/18/2018 11:08:40 AM PDT by Secret Agent Man ( Gone Galt; Not averse to Going Bronson.)
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To: Artemis Webb

Or he will reluctantly pass it knowing its gonna fail, and have the fallout land on his political enemies who pushed for this. He uses it to let them take themselves out with a crap idea.


26 posted on 07/18/2018 11:11:29 AM PDT by Secret Agent Man ( Gone Galt; Not averse to Going Bronson.)
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To: simpson96

Well, at least, buying minority voters in Chicago will now have some transparency.


27 posted on 07/18/2018 11:11:45 AM PDT by chuckee
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To: simpson96

It’s now becoming just out and out robbery of the working class... Robbery, that’s exactly what it is.!!


28 posted on 07/18/2018 11:13:58 AM PDT by unread (Joe McCarthy was right.......)
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To: EagleUSA

Not sure how many votes this will buy. The 1,000 families getting the money would certainly vote Democrat but they would mostly Democrats anyway. The thousands of other families that were left out might get pissed off. I’m just sayin’


29 posted on 07/18/2018 11:22:42 AM PDT by Captain Compassion (I'm just sayin')
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To: Lurkinanloomin

Once they eliminate anyone with a criminal record it should keep the coffers in decent shape.


30 posted on 07/18/2018 11:26:06 AM PDT by lastchance (Credo.)
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To: Captain Compassion

Dems using Globull Warming math again:

1,000 = universal


31 posted on 07/18/2018 11:26:20 AM PDT by FirstFlaBn
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To: simpson96

Drug dealers! Gun dealers! Set up shop now while you still can get in!


32 posted on 07/18/2018 11:27:07 AM PDT by Yaelle
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To: IC Ken

Illinois will run out of cash soon—what difference does it make? ;-)

If I were them I would spend a few million in advance to hire the best lobbyist firm in DC to prepare their bailout brief and bribe Congressional committee chair-animals—while they still have the cash to pay the bills!


33 posted on 07/18/2018 11:27:49 AM PDT by cgbg (Hidden behind the social justice warrior mask is corruption and sexual deviance.)
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To: simpson96

Great idea....great idea.....

Tiny Dancer Mayor must not have enough shootings.


34 posted on 07/18/2018 11:30:19 AM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: simpson96

Where are they going to get the revenue?

Property taxes are already high real high.

5.56mm


35 posted on 07/18/2018 11:30:34 AM PDT by M Kehoe
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To: simpson96

Shitcago’s extant stupidity is rivaled only by its endemic corruption.

As with Pennsylvania’s metastasizing Corner Cancers, Illinois’ Mogadishu on the Lake is the milliion pound boat anchor tied to the neck of an otherwise solidly conservative state.

(bonus points for deducing the common denominator)


36 posted on 07/18/2018 11:33:17 AM PDT by tomkat
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To: CMailBag

I heard that the amount is $500. If true, that’s pointless. It’s either just enough to allow you to stay alive, but remain miserable, or allow you to buy more crack.

Giving money to someone who has not worked to earn it is not only pointless but worse. It damages them, mentally and in every other way.


37 posted on 07/18/2018 11:44:06 AM PDT by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: simpson96

Below is an article about Finland which is giving up its two year experiment with universal income. The interesting thing is, no reason is given as to why they are giving it up. In a different article somebody in the Finish government, who spoke anonymously, said that it had failed miserably on every metric they’d established. But, apparently, there was no official reason given. At least, not one I found.

https://www.zerohedge.com/news/2018-04-24/finland-abandons-universal-basic-income-experiment-after-two-years


38 posted on 07/18/2018 11:49:59 AM PDT by Gen.Blather
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To: simpson96
“It’s time to start thinking about direct cash transfers to people so that they can start making plans about how they’re going to get by high.”
39 posted on 07/18/2018 11:50:20 AM PDT by Wally_Kalbacken
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To: simpson96

Someone on TV this AM had a better idea. Give everyone a $500 tax cut. Oh noooo…. governments would hate that!


40 posted on 07/18/2018 11:58:42 AM PDT by txrefugee
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