On: Moving Forward on Basic Income

[breischl]

It's a laudable goal, but giving a bunch of (mostly) naive, uneducated kids a lump sum of cash is a recipe for disaster. There would instantly be an industry focused on parting them from that money, one that would be extremely profitable and mostly not related to education.

[sievebrain → breischl]

We might call that industry the education industry.

Giving kids lump sums and then convincing them to part ways with it for questionable ROI is already a massive problem.

[breischl → sievebrain]

Wait, we do that already? I don't recall getting any significant amounts of money when I graduated high school! I feel so cheated.

Anyway, there does seem to be a problem with loaning kids lots of money and then parting them from it, but that's a different issue.

[happyopossum → breischl]

You weren't given cash, but today kids are given an essentially unlimited amount of government backed loans to pay for school - the availability of which has caused education costs to skyrocket.