Yes, yes I have. I grew up in it. And most of my friends are struggling to make ends meet, working at restaurants, nail salons, and cafes. There's no glory in realizing that you can't make rent this month and you need to beg your landlord, or that after rent you have $50 leftover for a month's expenses. I've been there.
> They live out of the projects but stereotypically drive BMWs.
So you're using a stereotype to make your argument? Come on.
> Not to mention that you're essentially setting a demand floor which will "unnaturally" interfere with the economy. Another potential can of worms.
And you're arguing that supply is finite, which is the same fallacy that proponents of command economies often fall into.