/biz/ - Business & Finance

>>14054153
>free $1000
Imagine not being mad about your savings being greatly devalued, the price of everything increasing by 10% minimum from taxes alone and even moreso through bad economics, or the federal budget needing to be doubled even with the tax increase to pay for it.

>making shit up
This idea is actually worse than what happened with education, where government-compulsory loans gave the admissions and financing administrations staff of colleges a stepladder with which to arbitrarily raise tuition rates, because it applies the same shit logic to everything. If you were a business owner and you knew everyone was getting free money you'd 100% raise your prices on everything and so would your peers.

>>13713181
The FDA over time has increased the costs associated with developing a new drug from an inflation adjusted 400 million to over two billion today. In the 80s a law was passed called the Orphan Drug Law that gave drug companies patent protections (i.e. no generics) on all new drugs for 15 years or something like that which greatly boosted both the amount of new medications as well as the costs-and as you can see in that same image this had the unintended consequence of the rest of the world essentially dropping off from producing drugs themselves and then putting up trade restrictions that made it impossible for drug companies to place the burden anywhere other than the shoulders of the American public...Also the Health Insurance industry inadvertently subsidizes these higher prices in the same way that student loans do. If people can't afford something they can't buy it and drug companies-like all companies-need customers buying their shit or they become liquidated.

>>13526348
Because they're surface level thinkers at best. The college administration and teaching staff make a point to defer the blame for their students' circumstances on mysterious "systemic problems" with capitalism itself because it's the perfect damage control. It's not a coincidence so many of these disgusting creatures are coming out so hard against Blimpf and capitalism in general, their gravy train will become derailed the second their students stop blaming their employers and start blaming the people that have been tithing them $400 a month for the past 5-10 years and looking at the how and why it's gotten as bad as it has. The real blame rests of course squarely on the shoulders of the same federal government these airheaded students now demand pay in full whatever these schools deign fit to charge at taxpayer expense.

>government forces banks to lend no matter how exorbitant the tuition, no matter what the intended field of study the student is engaged in or what their merit is for receiving these loans
>with the floor raised, schools predictably increase tuition rates until they exceed the inflation rate by an order of magnitude
>students go to college for shitty subjects like modern art, go absolutely broke, the college's white hating lesbian "professors" make damn sure that their now incredibly debt-ridden students blame capitalism/"the system" rather than the very apparatus that's directly responsible for their poverty: the school itself.

A lot of these kids could have worked full time for the four years they'd attended basket weaving school and would have been in a good position to put down a mortgage on a house or do whatever. Instead they went to school and had a no down payment mortgage-tier loan imposed on them and entered the workforce in the same job they would have been able to get two to four years previous.

>>13109343
It's funny how you mistakenly believe you understand market competition only in the context of everyone getting a predictable stipend of $1000 a month and somehow not a moment before. Not only will there be inflation of the currency in the literal sense as the VAT sales tax that consumers (i.e. (You) ) will be paying covers only 25% of the proposed additional expenditures (which rival the entire current annual budget on their own), but price increases will exceed this inflation rate as they have in other industries where the government is the most (((generous))); healthcare and education.

>>13109379
You're the grug brained retard here, and you're a gay homosexual faggot too; how about that, huh? All of the UBI trials you could possibly cite are abject failures and if you had an ounce of critical thinking left in your druggie burnout brain you'd have already realized that.

How does giving a few thousand geographically segregated people a couple hundred dollars a month amongst an economy of millions not receiving that couple hundred dollars a month simulate UBI in any way, shape or form, particularly when we already have benefits spending affecting millions already? It doesn't.

The "UBI studies" are a complete unscientific joke that you'd have to be an absolute retarded moron idiot dumbass to allude to with any sincerity.

>>13109401
Norway taxes its citizens so extensively that the government maintains a fund worth $200,000 per person it could give away to each citizen all at once or selectively, and it doesn't, even though they have a homeless rate similar to the U.S.

LOOOOOOOOL

>>13062930
I'm glad he's doing something about it, people have been waiting long enough. The writing on the wall had been there since the 70s and 80s but nobody did anything because it was still "affordable" at that time.

https://inflationdata.com/articles/charts/college-tuition-fees-inflation/

>>13021121
>he thinks it'd only need to go up to $1,500 in 4 years

I agree with your overall sentiment but $1,000 a month isn't much now let alone in the context of a society in which everyone else is getting $1,000 a month no questions (asked in exchange for a $2.7 trillion annual deficit and VAT). We already know where this is headed and where it will get very quickly because we already have examples of government guarantees and incentives all around us, let alone something as completely committal and predictable as UBI would be.

>>12952773
>programs that are designed to help (((them)))

Retarded faggot

>>12952187
You're missing the point. VAT increases prices higher proportionally to the direct VAT, and that's just in the immediate. In the months to follow you'll find your $1000 being able to purchase less and less as the market corrects for this retarded system until your mommy is spending $400 on your chicken tenders and can't even pay her rent with her $18,000 a month salary.

It would unironically be better for the economy if all student debts were zeroed out under the condition that all federal and loan guarantees were phased out than this shit and it would actually solve problems instead of creating them.

>>12908390
I'm curious where the origin of this statement is considering my obese friend, who's been unemployed for 13 years, has said pretty much the same thing verbatim while playing League of Legends every day

>>12909011
>we're already halfway there
Yes, we're already halfway there even though under half of the 18+ population is receiving any kind of benefits and the spending for existing recipients can only go up, not down

>>12909086
>randomly selected with a fully disclosed time limit
>$620
>Finland

Finland has an income tax of 51%, this experiment did nothing but give these isolated people the equivalent of a temporary tax break

https://tradingeconomics.com/finland/wages

It's completely inapplicable for a variety of reasons, mostly because the individuals in the experiment are just that, individuals amongst an otherwise normally functioning economy. As much as you can call the Nordic countries, which have individuals being taxed as if they're in a constant state of total
war, "normally functioning" anyway.

>>12909312
This was something I wanted to touch up on but the word limit is stifling, well put

>>12909626
Most of the companies under the most intense scrutiny these days have net profits in the low single digits. No one will "not" raise their prices when their cost of doing business has arbitrarily and universally increased in kind.

>>12909658
There are tens of millions of people on welfare across the world, using someone like that as an anecdote is pretty silly. I am an artist with big dreams myself, and no one would want the fantasy of UBI to be made real than I would, but it's just that: something that sounds good but will have profoundly negative consequences for a market that's never in the stasis some would like it to be in

>>12778710
The only wage slaves are the ones that bought the "higher education is a golden ticket to a dream job" meme and they're almost 100% the exact same people that end up unironic socialist retard druggy burnouts. The schools know that the students don't know why things are so bad so they all but encourage radicalism on campus.

They know that if they can get as many people to blame the system itself as possible it provides a convenient smoke screen for the fact that they're the ones specifically tithing these rubes upwards of $700 a month for their basket weaving degrees, all while the regulators make sure new housing can't be built in a reasonable timeframe or cost.

Imagine being more mad at the only people standing between yourself and the gutter than than the people most responsible for your situation to begin with (besides yourself).

>>12778796
heh