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catotheyounger
Vegas, NV
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since Dec 26 2022

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Universal Basic Income Experiment
Sep 16 2023 01:38AM more by catotheyounger
Tags: LA, Random (All tags)

If you received $2,000.00 per month for free, until the fund ran out (5/100 chance of that happening), what would you do with your life?

I've decided to proceed with adding UBI research to my work load. Any insights culd be beneficial.
      
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Iwan.t
Northridge, SFV, LA, CA
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since May 17 2023

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Sep 16 2023 01:48AM     link to this

If I received an additional $2,000 a month I would basically spend it on going out. I think part of the idea behind the UBI initiative is that people will spend the money on disposable goods/services so that in turn should stimulate the economy. I don't know if that will stimulate enough of the economy you pay for itself but it's an interesting concept to be sure
longwalker
CA
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since Apr 27 2017

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Sep 16 2023 07:44AM     link to this

Bank it
GaijinTony
San Diego, CA
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Sep 16 2023 10:39AM     link to this

"If you received $2,000.00 per month for free, until the fund ran out (5/100 chance of that happening),"

Proof positive of your ignorance of basic economics and human nature. Give out free money and watch the supply dry up in no time. Of all the idiot liberal progressive ideas out there, UBI is among the worst. Rewarding people for doing nothing always ends badly, too bad you're incapable of figuring that out.

GT
catotheyounger
Vegas, NV
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since Dec 26 2022

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Sep 16 2023 10:34PM     link to this

Iwan. T

My concept is, you find a few patterns in the markets, develop a bot to exploit the patterns and distribute them amongst participants. So if the bots generate $50k and you have 500 participants, they now have a free check. What would you do if you were a participant?
catotheyounger
Vegas, NV
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Sep 16 2023 10:36PM     link to this

Long walker smart but, I'd suggest splitting it by 10 into many different funds wth returns at least 9% historically.
GoBallsDeep
Fullerton, OC, CA
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since Dec 12 2019

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Sep 16 2023 10:42PM     link to this

Steal your money and run as far away from you as I can, lol.
Are you punkin' us on this?
This topic (been around since the 1960's) has been blogged about here as nauseam
Doesn't work, Wall Street AI and quants would eat your bots in the first hour of trading and I'm still pretty sure you're punkin' us.

Attached Links
UBI
GoBallsDeep
Fullerton, OC, CA
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Sep 16 2023 10:44PM     link to this

*Ad nauseam
AFMadness
Inland Empire, CA
264 blogs/5900 comments
since Aug 17 2009

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Sep 17 2023 12:08AM     link to this

Pay rent with it. When inflation catches up to it, in about 3 to 6 months.

Gas prices are costing me 240-300 more a month than before.
kidbilly
OC, CA
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Sep 17 2023 12:36AM     link to this

What about the promising Japanese chicks?
catotheyounger
Vegas, NV
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since Dec 26 2022

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Sep 17 2023 06:07AM     link to this

How would you be stealing? It's a fund giving free money for you to do as you please.

Well if there ever is a free UBI then, forfeit your share to others who aren't afraid of guys sitting at desk only promising 14% annual returns when you could get much higher returns owning a laundry mat.

I have a scheme. Use the Japanese Av girls to work on my experiments and this would qualify as a path of citizenship without having to discuss their prior work.
I found out the lower tier girls make about $1350.00 a video. So they're banging like 3-5 guys for only 1350. To make 20k they're taking alot of dick.
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