Comments by "josh fritz" (@joshfritz5345) on "Pete Judo" channel.

  1. Great. How do you pay for it?
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  2. Someone getting free money gets poorer. That's not even accounting for the harm caused to whoever is being forced to pay them that free money. UBI is a net negative.
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  3. Wouldn't even get the chance to. They'd be paying $2000 more in taxes each month to fund their own $1000 UBI checks.
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  4. I have a place that meets all of your criteria. It's called prison. Everything you need is provided for you. You never have to work at all, you've got all day for leisure time.
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  5. My theory is that if you get UBI, your taxes go up by the same amount, plus more to pay for the government burecrats managing the program.
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  6. They'll vote for us to pay for their student loan debt
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  7. Hmm. Overrated pop rock? Or keep some of my excess income and maybe own a house some day? Hard choice, but I think I'll take the house. Fuck taxes, abolish socialism.
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  8. Abolish social security
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  9. So we tax a worker $1200. $200 goes to the government burecrats running the program and the other $1000 goes to the UBI check of that same worker. Congratulations, your financial assistance just made every working class person $200 poorer every month.
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  10.  @Living_End  They were covering the essential expenses before. The point of this study was to see if giving people 36k made them richer, as in, richer than 36k, the theory being that with the essentials taken care of, they can start earning money. Not only did they not make any additional money, they earned so much less that they ended up poorer than the control group who got almost no additional money. They literally wasted every penny of it and then some. UBI is a complete failure on every level.
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  11.  @gustschina7558  Taxes don't solve wealth inequality, and wealth inequality isn't even the core issue. The main issue is poverty. Reducing the income of the top earners does nothing to help the people at the bottom. Welfare programs often do more harm than good, often encouraging people to limit their income to avoid losing benefits, keeping them perpetually poor. The best thing we can do to help the poor is to limit welfare benefits and to greatly reduce or eliminate tax on income for them.
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  12.  @Rob-me8vp  I'd like the vast majority of government services and their respective fees to be opt in.
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  13.  @acgrizzle7530  Off of someone else's labor. Yeah, fuck socialism.
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  14.  @emiel89  The core issue is that socialism doesn't work, and socialists are too stupid to understand why. Mouse traps work because mice don't understand why the cheese is free.
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  15. Why go through all that effort? Just let people keep what they earn, lower the taxes on working people.
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  16.  @FirstLast-vr7es  Yeah, that's fair. But we aren't there yet, and we aren't even close.
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  17. UBI is stealing the labor value of the workers to subsidize the unemployed. Nothing new is created, all you do is punish people for working by stealing their income.
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  18.  @jax5683  I'm actually having a hard time finding that exact story, I think it was a program in Chicago. Every time I search something like "California program to end homelessness" I get a ton of results about more than a dozen different harebrained programs which almost invariably make things worse. California is so dysfunctional that a private rail company left to build a rail system in Africa because most African countries are better functioning than California is. Feel free to look up some of California's nutty nonsense, you won't be disappointed.
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  19. I need to keep my paycheck. Stop taxing me. That's all I need to thrive. Why is that never, ever an option? Why is it always how much of someone else's money I'm entitled to?
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  20. I agree, and somehow my reply got deleted by the Youtube gods, yet someone else was able to see it to reply. Ugh.
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  21. Because economics is a good way to measure relative wellbeing. It's not a perfect measure, but it's better than nothing. UBI sucks. It doesn't create wealth, it steals it from the workers and gives it to the unemployed. Punishing the productive and rewarding the lazy is the kind of thing that brings a society to its knees.
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  22.  @acgrizzle7530  If I wanted to, I could become a billionaire tomorrow by buying a bunch of zimbabwe dollars.
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  23.  @acgrizzle7530  Yes it is. I can become a billionaire in a day by exchanging a few US dollars for Zimbabwaian dollars. I won't be any materially wealthier, but I can brag about being richer because I have tons of worthless currency.
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  24. Fuck youtube. Won't let me say shit, keeps deleting my comments.
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  25. Socialism sounds nice, but the results are terrible. UBI is basically just socialist style wealth redistribution. Still, many people choose to believe in it because they want the nice sounding thing to happen. It does sound nice to get my living expenses paid for so I can do what I want no matter how productive it is, but we don't need 50% of society to be "influencers". We need truck drivers, coal miners, welders, auto mechanics, plumbers, engineers and electricians.
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  26. I encourage people to spend their own money on things that make them happy. Their OWN money. Not someone else's. UBI is funded by raising the taxes on working people.
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  27.  @sheriffliberty9302  There aren't enough billionaires in the entire world to fund UBI for the US alone. If the US government confiscated every single penny from every billionaire, that amount of money would sustain the government's spending for about 6 months. UBI would be our most expensive program by far, more than medicare, social security, and the entire defense budget combined.
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  28. Congratulations on basic economic literacy. You're smarter than 100% of socialists.
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  29. Okay, the taxpayers should buy me a $60,000 truck. I want to start a landscaping or construction business. Once you're making 6 figures with your liberal arts degree, I'm sure you won't mind paying 75% income tax and living paycheck to paycheck in a studio apartment to pay for everyone else's free stuff.
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  30.  @augurcybernaut4785  Thing is, previous generations had a lot more buying power than us. Boomers really could afford to buy a house off of an average, or even below average salary. Those days are long gone. Our wages are shit, and the government takes a bigger chunk of our already diminished wages. We aren't going to tax and regulate our way out of this. We're becoming a psudeo-feudalist corporatist dystopia where a handful of billionaires own everything while the bottom 98% are scrabbling to get more crumbs than their neighbors handed to them by the corpo-state. Free college education won't fix shit.
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  31.  @alihenderson5910  Bingo
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  32.  @KateeAngel  UBI won't be funded by billionaires. Billionaires are notoriously hard to tax, if it were easy, there wouldn't be any billionaires. Even if the government went to every billionaire and held them at gunpoint for their bank account details, that amount of money simply wouldn't be enough to fund UBI. UBI is a colossal expense. Just a basic 1k per month for every citizen would require over 25% of the entire US economy dedicated just to funding UBI, not counting the administrative and procedural costs, which with government tends to more than double the cost of any program. Practically speaking, to implement just a basic 1k per month UBI would cost the entire current budget of federal government and the entire budget of every state government combined to fund it. About half of the entire current GDP would go to funding UBI. It is economcially completely unfeasible.
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  33. He's completely right. Get off your high horse. Socialism is stupid, my income should not be stolen to fund some junkie's next hit.
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  34. I don't want to live in a communist hellhole
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  35. Socialists are dead set on misunderstanding economics hard enough so it makes sense for them to get everything for free.
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  36. Great, we have a perfect ongoing example spanning over 100 years in the US. Native American tribal lands receive huge taxpayer subsidies from the US government. Native Americans living on tribal lands are among the poorest, most depressed, most drug addicted groups in America. Socialism has completely ruined their culture.
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  37. Logic doesn't work on socialists
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  38.  @Tuxfanturnip  Not one single person who thinks UBI is a good idea understands the scale of it. Just 1k per month UBI for every American would cost about the same as the entire current budget of the whole US government, local state and federal. You cannot fund a program of this size. It's literally not possible.
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  39. Who pays for the free money?
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  40. Great, now what about the people who are taxed even more to pay for this? Sure, they get $1000 too, but their taxes go up by $2000 because they are paying for both their own UBI and someone else's who doesn't work, thus doesn't pay taxes. It's just theft.
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  41. We have it. Native Americans living on tribal lands are given taxpayer money by the government. They are one of the poorest, most drug addeled and least happy groups in America.
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  42. I can't think of anything that cheap with government. It's rare for it to not cost 10x or more the real cost. 3 million dollar public restroom stalls, 80 billion dollar electric car charging stations, 30 thousand dollars to fill a pot hole...
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  43. I want to own a home someday. If my taxes go up more sharply for every extra dollar I make to fund UBI, I am trading the upwards mobility of someday owning a home and being able to retire for the temporary comfort of monthly checks paid for by the increased taxes coming out of my paycheck.
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  44.  @anderbiguri6771  You seem to be under some kind of delusion that everyone can win in socialism. Socialism is a zero sum game. If you aren't creating wealth, you're just taking it from someone else who earned it. It's not some imaginary class of billionaires who are going to pay for UBI, it's the working class who will pay. You want evidence of that? If you confiscated every single dollar from every billionaire, that amount of money would fund the US government's operating costs for about 6 months. There literally is not enough billionaires in existence in the entire world to fund UBI for Americans, let alone in America by itself. The only place the money for UBI can come from is the working class.
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  45.  @meneldal  There literally isn't enough money in the economy for UBI. I know you don't understand this, but there isn't some hidden untapped supply of rich people whose money you can confiscate to fund your socialist free money for all program. I'll even do the math for you. The median salary in the US is about $45,000 per year. The modest $1k UBI per month is 12k per year. 12k divided by 45k is 0.26, or 26%. Your UBI would cost 26% of the entire economy. UBI would be the single most expensive government program several times over. You literally cannot fund that without completely destroying the economy either with hyperinflation or mass wealth confiscation at a scale that would completely destroy commerce in the US. The economic calamity caused by implementing UBI wouldn't just affect stock traders and bankers, every single shop would have to double their prices for every item, rent would increase by 50%, property taxes would skyrocket, the entire economy would be in shambles. 1k per month UBI would plunge us into a second great depression.
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  46. Congratulations, you're smarter than every socialist.
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  47. Great. Who pays for the UBI?
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  48.  @vfwh  You're mostly right here. We live in a corporatists system where the corporations lobby the state to pass regulation to enforce their monopolies, or at least make it harder for competitors to enter their market. The cure isn't more government though, it's prohibition on corporate lobbying, and a reduction in regulation/ taxation on industry to allow market competitors to thrive, forcing the corporations to lower their prices to compete. Totally right here, huge portions of congress use insider knowledge on the industries they regulate to game the stock market. Insider trading is completely illegal for normal citizens, but our political elites are above the law. Additionally, many politicians "retire" to a corporate boardroom for a company who they benefited by passing regulation favorable to that corporation. It's all graft. It's an argument for getting the government out of the economy. You can't regulate corporations with a government bought and paid for by those same companies.
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  49.  @vfwh  "Organized economic activity" is stuff done by people. Transactions are made by people. Profit is made by people. The only thing you can tax is people. Taxing goods just increases the cost of those goods for the people buying them. Taxing landlords increases the cost of rent for the tenants. Money is "free" in that the federal reserve can magically print an unlimited amount of it, but doing so is a poison pill for the economy. Printing money causes inflation. Practically speaking, the more money is in circulation, the more expensive goods and services become. This is why many classical economists advocate for commodity backed currency, because the government can't be trusted with the money printer.
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  50.  @vfwh  They already have all of that, and they get it for free. The government is in the pocket of peoples whose names you will never know who are as rich as Elon or Bezos. Those two have quite a bit of sway too, of course, but there are equally rich and much more influential people who choose to remain anonymous. If a billionaire doesn't like that a competitor is squeezing out their market share, they call up their friends in government and have the federal agencies go and shut them down. The billionaires all share a private army, it's the entire US government. A totally free market is far superior to what we have now. The game we play in the corporatist economy is rigged in favor of the elites. The elections exist only as a placebo to keep you content. If you feel like you have a say, you won't rebel against the system for rigging the game against you.
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