dice wrote:coldfish wrote:Some people look back at the great depression with rose colored glasses and think that public works projects will save us. They didn't back then. The depression lasted until we had a world war.
the public works programs didn't save the economy, but the DID save a whole lot of people who needed a job. and they were doing meaningful work. and what was WWII in economic terms, after all? a gigantic public works program! the number of men receiving US military paychecks was enormous. and women were pushed into the workforce in large numbers
what is this country in dire need of right now? infrastructure upgrades. it is times like these that are tailor made for huge infrastructure public works programs. even trump came into office claiming to want to get something done on that front. unfortunately, he has had "infrastructure weeks" that were basically just for show and all the republican congressional proposals have been larded with giveaways for big business
I totally agree.
Now also, not to ruffle any feathers, but I'm pretty big on UBI (Yang) not from a "welfare" point of view but simply from a "tech and disaster" point of view.
Being born in the 80s, my brain is wired differently than anybody's born after 2000, and I was surfing the BBS internet when I was 5-10. But tech evolved exponentially before basically flattening the curve the past 10 years. People born in the 21st century, growing up with iPhones and social media are wired differently. They simply are. As a bridge generation, "I get it". There's no way my much older in-laws get it. They use flip-phones cause smart phones freak them out.
Our government's branches and military are predominantly run by people who were young and alive during Martin Luther King's era. Hell, a lot of people from WW2 are still alive. I acknowledge that some experience and maturity translates universally... but for the most part, they just don't get it. AK47s, nukes and tanks aren't the tools of destruction anymore, besides for a few cases of mentally ill terrorists. There is no "invisible enemy" - it's a very visible enemy, and it's not really an enemy as much as nature. Overpopulation, tech making jobs obsolete, viruses (just wait till those ancient frozen Arctic strands run loose) and flooding/extreme-weather are going to be catastrophic for the next 60 years.
They're a good 30 years behind the curve. This current unemployment system is a completely overcomplicated disaster. The repercussions on the housing, health care and insurance markets haven't even come close to hitting. Just wait till they do. The $3-trillion UBI idea that Yang proposed is going to seem like pennies as some new disaster hits the fan every 5 years. Injecting all this stimulus money into the stock market and big companies, but not citizens... The new standard of living next year and on is going to be garbage for the average American. You thought it was unlikely for a millennial to buy a house or a new car? Good luck next year. And the boomers aren't gonna be spending their last savings on any frivolous luxuries. This will br the global event that caused the world to re-think its 20th century politics and economics.
Here's the fact: if everybody had $2000 ubi, yes, it would be "costly", but it would also be easy for the average person to:
A) Start a savings account, which in turn would ween people off pensions, SS and over senior programs that are already well beyond capacity.
B) Have money in an economic freeze like this one, and not need any bailouts for citizens.
C) Be able to fund some of that back into health insurance, auto industry.
It's tricky for people to wrap their heads around it, but it really does reduce the complications in the grand scheme. I filed for unemployment last week cause surprise surprise, I'm affected. I appreciate these Illinois programs since they're the only public thing there, but good grief is it going to get messy in the next month. The verbiage is confusing for part-time/free-lance workers. Think of the admin costs (and hint,
pensions for those city workers) looking through these millions of applications. Makes my head hurt.
Wouldn't it have been easier to just say "OK Folks - $2000 for everybody for the next 3 months, we'll see what happens. Stay home, work if you can. Pay your bills."
Yeah, it would. There's nothing that could possibly convince me otherwise. The only people who wouldn't be able to survive with that setup are people living WAY beyond their means with service sector jobs that have been directly frozen, in downtown condos with jacuzzis and no savings account. And big companies would survive just fine cause the banks would be moving money, products would continue selling, rents and mortgages and insurances would be paid.
Right now, this sporadic and confusing partisan battle for passing stimulus packages that are securing most funds for big businesses (FOR WHAT? There is a strong chance a 2nd wave hits the globe harder and Q3 and 4 are also messed up!!!! Then what do you do? Bail out the planes, autos, banks and fast foods again?).