NATION

PASSWORD

What would you do if you get an extra $1000 every month?

For discussion and debate about anything. (Not a roleplay related forum; out-of-character commentary only.)
User avatar
CHUCK NORRlS
Envoy
 
Posts: 239
Founded: Nov 02, 2013
Inoffensive Centrist Democracy

What would you do if you get an extra $1000 every month?

Postby CHUCK NORRlS » Sat May 25, 2019 6:59 pm

Some time ago, I was interested by a proposal for universal basic income from Andrew Yang, a man who is running for the 2020 Democratic nomination. His proposal would give all (opting in) American citizens a financial foundation, a basic income of $1000 a month.

Suppose that something like Yang's proposal is implemented, and you do get an extra $1000 a month on top of whatever money/income you have. Assuming that there are no issues that have to be accounted for (e.g. basic income is feasible here), what would you do if you get $1000 unconditionally every month?

If I get $1000/month, I'd like to pay some of my university tuition since I could worry less about financial standing and more on my studies. I'd also like to set aside some of the basic income for a fund that I could use in case of a small emergency or in case I want to make small investments in the future. I might also be able to help out some of my entrepreneurial friends interested in running their own businesses, by making sure that they are off to a good start with some investments and additional financial support.

What about you, NSG?

I found this poster while snooping around. There seems to be several approaches to finding Yang's UBI:
  • financial transaction tax
  • carbon fee & dividend (not sure if this'll be possible in America)
  • societal well-being
  • economic growth (presumably as a result of various activities such as investments)
  • re-appropriated spending (I assume overlap with pre-existing welfare systems/social security? may also consist of diverted spending from excessive expenditures like defense)
  • value-added tax, set at 10% (I think it was explained somewhere how the cost will ultimately not end up with the consumers)
Also, there are several videos explaining how UBI won't cause a huge surge in inflation (e.g. raising price of goods, higher housing costs). For example, JDiculous's video explains why renting costs may not be inflated with a UBI. Perhaps the only thing to worry about is whether UBI has to be indexed with inflation when dealing with wages/salaries.
Last edited by CHUCK NORRlS on Sun May 26, 2019 10:41 am, edited 1 time in total.
IC name is Chuck Norris Territory. Here, in Chuck Norris we trust.

User avatar
Sanctum and Ultima
Spokesperson
 
Posts: 132
Founded: Mar 31, 2019
Ex-Nation

Postby Sanctum and Ultima » Sat May 25, 2019 7:00 pm

Save it because why not.
This nation actually does not really represent my OOC/IRL views.
9axes: https://9axes.github.io/results.html?a= ... &h=85&i=23
RIP NOTRE DAME
Inner Lands wrote:One men, multiplied by two, divided in four, and obligated to live in eight realms each part of it.

Corrupt Dictator Doges wrote:The former USSR, but with food
United Realms of Sanctum and Ultima
Sæþvir Činovidatăriþ Qahtașăr uc Vilyraðe
A nation set in a world where nations compete for a territory in space...
Now, after getting lots of territory in outer space, our nation was thrown into disarray due to technocrats and commies.
Q&A
PMT nations are the best (change my mind)

User avatar
Trollgaard
Powerbroker
 
Posts: 9045
Founded: Mar 01, 2007
Father Knows Best State

Postby Trollgaard » Sat May 25, 2019 7:04 pm

Party all the time.

User avatar
CHUCK NORRlS
Envoy
 
Posts: 239
Founded: Nov 02, 2013
Inoffensive Centrist Democracy

Postby CHUCK NORRlS » Sat May 25, 2019 7:04 pm

Sanctum and Ultima wrote:Save it because why not.

It does make sense. $1000 every month would be quite a bit of money to save if it's well-managed.
IC name is Chuck Norris Territory. Here, in Chuck Norris we trust.

User avatar
Pensyltuckee Island
Envoy
 
Posts: 219
Founded: May 30, 2015
Capitalist Paradise

Postby Pensyltuckee Island » Sat May 25, 2019 7:06 pm

Use it to pay off.. well, whatever needed to be paid off. In my current situation, it would be costs associated with college. And then I could have extra income from my job. Course, $1000 ain't gonna cover everything in a month for the average life, but it definitely helps out. I find that I'm a little more motivated to work more hours if I know that I'll have 'fun money' afterwards instead of it being 'pay off the bill money'. Basically, I'd see it as 'money I didn't really earn but I'll use it for debt alleviation anyway'.
Last edited by Pensyltuckee Island on Sat May 25, 2019 7:07 pm, edited 1 time in total.
Studying at UNL. Originally from Middle Tennessee, born and raised. Conservative views, although I've honestly been largely politically apathetic for the last few years.


Consistently one of the least developed nations in all of Nationstates according to the Human Development Index.

User avatar
Country of CityTowne
Bureaucrat
 
Posts: 46
Founded: Mar 31, 2019
Compulsory Consumerist State

Postby Country of CityTowne » Sat May 25, 2019 7:08 pm

I'd likely save/invest for the eventual market crash.
An effectively neutral person founded on effectively neutral philosophy. OOC
Tier 8, Level 0, Type 6. CCT is a 10.5 civilization, according to this index.
Economic Left/Right: 6.5
Social Libertarian/Authoritarian: 7.82
Economic Left/Right: 1.2
Social Libertarian/Authoritarian: -1.45

User avatar
Tinhampton
Senator
 
Posts: 4986
Founded: Oct 05, 2016
Anarchy

Postby Tinhampton » Sat May 25, 2019 7:12 pm

Convert it into Pounds at the local Post Office each month, then use all of that money to bet against the American Dollar. Once the USA has to beg to the IMF, Jeremy Corbyn is rejected by a whopping margin in 2022, and the Democrats eventually get banjected from the White House two years later, I end up becoming a very rich woman indeed!
OOC: We're all regally sodded. The flag is Pope Pius XII until further notice. (CLICK FOR IC FLAG)

* Mayor: Saffron Howard (UCP; libertarian)
* Foreign Minister: Ryan Terrence (TLP)
* WA Delegate-Ambassador: Alexander Smith (NatSov)
* WA Assistant: Bianca Venkman (IntFed)
* Nat'l Football Team Manager: Harta-Yunal Den (QUS)
The Self-Administrative City of TINHAMPTON (trigram TIN, pop. 319,372)
Author: SC#250, SC#251, SC#267
Football: Cup of Harmony 73 Champions - KPB rank 37th (18.05pts), UICA rank 59th (6pts)

User avatar
Hammer Britannia
Senator
 
Posts: 4717
Founded: Oct 08, 2016
Iron Fist Consumerists

Postby Hammer Britannia » Sat May 25, 2019 7:14 pm

Probably get a nicer apartment
The FN FAL fetishist, Bisexual Libertarian Pagan, 27-year-old Boomer your mom warned you about
Buy my Chemical Weapons pls.
Supreme Dictator WA delegate of The Labyrinth. Please join, we have memes
Click here for free cake.
Be a sourceless Libertarian Greek Pagan who calls everyone he doesn't like Communist

User avatar
Victorious Decepticons
Powerbroker
 
Posts: 7960
Founded: Sep 15, 2008
Iron Fist Consumerists

Postby Victorious Decepticons » Sat May 25, 2019 7:35 pm

I have already succeeded at setting up my finances so I don't even need $12,000/yr to live just fine. My goal is already to reach the point where I don't have to earn any money at all.

$1,000/mo with no strings attached would make it so that goal is met. So, I'd instantly retire! I'd probably do woodworking and make YouTube videos of it for fun, and if that happened to make me some money too, then cool beans - but I wouldn't do one more thing with "making money" as its primary goal.

BTW, no, I'm not a basement dweller! :p
No war RPs; no open RPs.

Explosive .50 cal shells vs. Decepticons: REAL, IRL PROOF the Decepticons would laugh at them - https://www.youtube.com/watch?v=FeVTZlNQfPA
Newaswa wrote:What is the greatest threat to your nation?
Vallermoore wrote:The Victorious Decepticons.

Bluquse wrote:Imperialist, aggressive, and genociding aliens or interdimensional beings that would most likely slaughter or enslave us
rather than meet up to have a talk. :(

TurtleShroom wrote:Also, like any sane, civilized nation, we always consider the Victorious Decepticons a clear, present, and obvious threat we must respect, honor, and leave alone in all circumstances. Always fear the Victorious Decepticons.


The Huskar Social Union wrote: ... massive empires of genocidal machines.

User avatar
95X
Ambassador
 
Posts: 1130
Founded: Sep 30, 2004
Capitalist Paradise

Postby 95X » Sat May 25, 2019 7:49 pm

If universal basic income were enacted, I firmly believe that the standard of living would simply rise by $1,000/month. Either directly by the costs of basic necessities rising that much, indirectly where the costs of doing things rise that much, or a combination of both. As such, it's highly unlikely anybody anywhere would have any additional money.

Also, I've never seen anyone explain how or where the $1,000/month comes from.
Toronto Raptors: 2019 NBA Champions!
Voting No on WA I-976
Nation not my RL views, etc.
Poe's Law. Nonpartisan.
Atlantian Oceania. The Place.
“An expert is a person who has made all the mistakes that can be made in a very narrow field.”—Niels Bohr
“If you want to read books, read books.”—Dennis James
AOCAF 22 & 47 Champions! • Volleyball World Expo 1, 2, 4 & 7 Champions!

User avatar
Infected Mushroom
Postmaster of the Fleet
 
Posts: 25085
Founded: Apr 15, 2014
Corrupt Dictatorship

Postby Infected Mushroom » Sat May 25, 2019 9:43 pm

It would probably just sit in the bank

Why?
Reincarnation and Successor of God Kefka +~4500 posts


Art Thread (http://forum.nationstates.net/viewtopic ... #p19679163)

User avatar
Washington Resistance Army
Post Czar
 
Posts: 40059
Founded: Aug 08, 2011
Father Knows Best State

Postby Washington Resistance Army » Sat May 25, 2019 9:44 pm

Books, lotsa books. Also donations to groups I wish to support.

User avatar
Aclion
Senator
 
Posts: 3924
Founded: Apr 12, 2016
Anarchy

Postby Aclion » Sat May 25, 2019 9:54 pm

That's nearly enough to buy a house all on it's own. I buy a house and turn it into a half acre homestead, then use the money I save to lobby the local gvernment to let me keep chickens.
Yay chickens! \o/

95X wrote:If universal basic income were enacted, I firmly believe that the standard of living would simply rise by $1,000/month. Either directly by the costs of basic necessities rising that much, indirectly where the costs of doing things rise that much, or a combination of both. As such, it's highly unlikely anybody anywhere would have any additional money.

Also, I've never seen anyone explain how or where the $1,000/month comes from.

I don't think Yang is proposing it, but serious proposals for a universal basic income advocate using it to replace our current welfare system. So the money would come from taxes the same way it does now, only now nearly all of it would go to paying out benefits as opposed to most of it going to just managing the programs. Under those proposals we could give people about 1,600 a month without increasing taxes.
Last edited by Aclion on Sat May 25, 2019 10:09 pm, edited 4 times in total.
A free society rests on four boxes: The soap box, the ballot box, the jury box, and the ammo box.
XKI: Recruiter, TITO Knight
TEP: WA Executive Staff member
Forest: Cartographer
Oatland: Caesar, Cartographer

It is the citizen's duty to understand which box to use, and when.

User avatar
New Raffica
Envoy
 
Posts: 238
Founded: Nov 15, 2013
Inoffensive Centrist Democracy

Postby New Raffica » Sat May 25, 2019 10:33 pm

Half would go into my retirement fund, other half would be spent on doing stuff I enjoy. I already make a decent income, so this would be a nice bonus.

Or maybe I'd move somewhere a little nicer and use the money as extra rent money
Proud member of Icarus

User avatar
Grinning Dragon
Negotiator
 
Posts: 5828
Founded: May 16, 2011
Anarchy

Postby Grinning Dragon » Sat May 25, 2019 10:45 pm

What we pretty much do with our extra income and that is to put it to work for a higher return, such as investing.
Last edited by Grinning Dragon on Sat May 25, 2019 10:46 pm, edited 1 time in total.
I prefer Dangerous Freedom over peaceful slavery! Sic Semper Tyrannis!
Gun-Control is the belief that declawing the cat will protect it against other animals; also why are anti-gun people so violent?
Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery!
Socialism- the herpes of economic systems.
My Constitutional Rights trump your dead. Proud American infidel since the 1970's-Deus Vult
The made up term "toxic masculinity" is founded on nonsense psychologism

User avatar
The Republic of Fore
Chargé d'Affaires
 
Posts: 433
Founded: Apr 10, 2018
Left-Leaning College State

Postby The Republic of Fore » Sat May 25, 2019 10:57 pm

Probably just end up pay a higher price for rent and such. Once "free" government money is injected prices tend to start rising. Look at what happened with college tuition. Assuming that didn't happen though, probably just give it to charity.

User avatar
Drongonia
Spokesperson
 
Posts: 156
Founded: Feb 11, 2019
Capitalist Paradise

Postby Drongonia » Sat May 25, 2019 11:01 pm

I'd like to say save it, but everyone getting $1000 a month would likely reduce the value of the currency, so I'd just be using it for bills and saving the rest. If the dollar stayed stable though, I'd save it and spend the returns on booze and PC parts
The Republic of Drongonia

MT Democratic nation with a strong focus on defence, civil rights, political rights and the economy. Mostly conservative centre-right politics.

Pro: Conservatism, Free-market capitalism, Nationalism, Ethno-nationalism, gun-rights, freedom of speech, western ideals, personal responsibility
Anti: Crony capitalism, communism, socialism, high taxes, gun control, government intervention, overseas conflicts, identity politics, sexualisation of society

User avatar
Nazi Basurian Empire
Spokesperson
 
Posts: 172
Founded: Apr 18, 2019
Iron Fist Consumerists

Postby Nazi Basurian Empire » Sat May 25, 2019 11:25 pm

Save up
Powerful independent BaShu nation led by Liu Zhongjing II "Alfred Rosenberg"
(No relation)

User avatar
Nazi Jinland Empire
Secretary
 
Posts: 31
Founded: Apr 23, 2019
Corporate Police State

Postby Nazi Jinland Empire » Sat May 25, 2019 11:27 pm

differential equation course

User avatar
Costa Fierro
Post Marshal
 
Posts: 18519
Founded: Dec 09, 2013
Psychotic Dictatorship

Postby Costa Fierro » Sat May 25, 2019 11:42 pm

Buy what I need and save most of it.
"Inside every cynical person, there is a disappointed idealist." - George Carlin

User avatar
-Ocelot-
Ambassador
 
Posts: 1260
Founded: Jun 14, 2017
New York Times Democracy

Postby -Ocelot- » Sat May 25, 2019 11:48 pm

Gradually refresh extremely old and half-broken furniture. Stock up on some necessities. Make sure the house I own is more livable.

Things a non-rich person can't do in this broken capitalist system we live in, anymore.
Post tenebras lux


⭐No such thing as too much yellow⭐

User avatar
Uranium Nobelium
Civilian
 
Posts: 1
Founded: May 16, 2019
Inoffensive Centrist Democracy

Postby Uranium Nobelium » Sat May 25, 2019 11:53 pm

Probably spend most on food and then regret it

User avatar
An Alan Smithee Nation
Minister
 
Posts: 2579
Founded: Apr 18, 2018
New York Times Democracy

Postby An Alan Smithee Nation » Sat May 25, 2019 11:58 pm

Cocaine.

Really books, courses and software tools are much more likely.

User avatar
Petrolheadia
Postmaster-General
 
Posts: 10775
Founded: May 02, 2015
New York Times Democracy

Postby Petrolheadia » Sun May 26, 2019 3:09 am

Invest as much as I can get myself to, save some of it for college, pay for my upcoming driving lessons, as well as pre-final-exam tutoring and maybe some programming lessons, buy a 6-cylinder BMW E39 wagon when I get my license.

Mostly college, external education and investment, though.
Last edited by Petrolheadia on Sun May 26, 2019 3:09 am, edited 1 time in total.
Capitalism, single-payer healthcare, pro-choice, LGBT rights, progressive personal taxation, low corporate tax, pro-business law, welfare for those in need.
Communism, socialism, Nazism, edgism, dogmatic statements, multiculturalism, most of Abrahamic-derived morality (esp. as law), welfare for those not in need.
We are not Albania and I am not Albanian, FFS!
Male, gearhead, classic rock fan, gamer, agnostic, centre-libertarian.
Where you can talk about cars!
"They're always saying I'm a Capitalist pig. I suppose I am, but, ah...it ah...it's good for my drumming, I think." - Keith Moon,
If a Porsche owner treats it like a bicycle, he's a gentleman. And if he prays to it, he's simply a moron. - Jan Nowicki.

User avatar
The Huskar Social Union
Post Czar
 
Posts: 38659
Founded: Apr 04, 2012
Left-wing Utopia

Postby The Huskar Social Union » Sun May 26, 2019 5:15 am

Save it. Buy a few things here and there.
Scary Spooky Leftist #19879417 An Atheist Irishman from Belfast Loyal to Dragonstone and the King in the Narrow Sea

WHY BOOB SMALL? WHY YOU HATE?
-oppressed gamer
Yeh: The Red Agenda, Purging the Xenos, Not being a prick, Vidya Gaemz, Art, Science, History, Old Gregg, Blondes, Redheads, Tattooed girls, Erecting fortifications, Tanks.
Neh: The Blue Agenda, Being a prick, Xenos, Racism, National/Religious wankery, Zealots, Gatekeeping, Alt-right/SJW Snowflakes, Random lists, Dismantling Fortifications, Cabbage.

Next

Advertisement

Remove ads

Return to General

Who is online

Users browsing this forum: Antagarichh, Antantia, Arcadian Union, Auristania, Bluquse, Bombadil, Cannot think of a name, Cekoviu, Chalantia, Chan Island, Conserative Morality, Exabot [Bot], Fartsniffage, Flaxxony, Galloism, Ghost Land, Grimsby town, Hanafuridake, Highever, HUElavia, Hurtful Thoughts, Inkopolitia, Kiez, Kowani, Kremlinian Russia, Lapathiya, Lower Nubia, Lunas Legion, Lusitanialand, Martis Urbe, Napoleonic-Russia, Necroghastia, Ortharion, Qon, Telconi, Terropo, The Mojave Scrublands, The V O I D, Tornado Queendom, Umpus, US-SSR, Uttland, Valrifell, Vetalia, Washington Resistance Army

Advertisement

Remove ads