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by BBYC
Fri Aug 03, 2018 1:14 pm
Forum: Off-Topic
Topic: So-called Basic Income - Stockton, Ca.
Replies: 32
Views: 8554

Re: So-called Basic Income - Stockton, Ca.

OneGun wrote: Fri Aug 03, 2018 1:09 pm How is this Universal basic income any different than a massive ponzi scheme? Didn't Madoff go to prison for this very scheme?
The same way welfare, food stamps, school vouchers, social security, Medicare, Medicaid, Obamacare subsidies, and other government programs aren't Ponzi scheme.
by BBYC
Fri Aug 03, 2018 12:46 pm
Forum: Off-Topic
Topic: So-called Basic Income - Stockton, Ca.
Replies: 32
Views: 8554

Re: So-called Basic Income - Stockton, Ca.

JustSomeOldGuy wrote: Fri Aug 03, 2018 10:15 am I am reminded that the first attempt at socialism on american soil was "The Jamestown Experiment" (https://www.historyisfun.org/jamestown- ... jamestown/) and it took a year or less for them to drop the idea as ineffective.......
Many of the original colonists were upper-class Englishmen, and the colony lacked sufficient laborers and skilled farmers.
...
Captain John Smith became the colony’s leader in September 1608 – the fourth in a succession of council presidents – and established a “no work, no food” policy.
yet another example of "those who do not study history, are doomed to repeat it....."
Then slavery came to North America. Coincidence?

https://www.myajc.com/lifestyles/1619-t ... PLDBX4mnK/.
The first Africans to land in the British colony of Jamestown, Virginia in 1619 were recorded as “20 and odd Negroes.”

Originating from Angola, these slaves were stolen from a Portuguese slave ship, then transported to an English warship flying a Dutch flag, and were eventually sold to colonial settlers.
by BBYC
Wed Aug 01, 2018 1:25 pm
Forum: Off-Topic
Topic: So-called Basic Income - Stockton, Ca.
Replies: 32
Views: 8554

Re: So-called Basic Income - Stockton, Ca.

Welfare by any other name would still stink.

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