So you are saying the current poor already in debt are screwed, but the rising generation can use UBI to prevent themselves from getting into debt?
Plausible, but again, I doubt it. Like I mentioned earlier, a big chunk of the middle class are living above their means. If you suddenly have more money, for a lot of people it just means you can go into bigger debts for better housing, better cars, etc.
If middle class people with dual incomes are living life on the knife's edge, with little savings and big debts, why wouldn't the poor do the same if they suddenly had more money?
Where does the voice of frugality come from? You act like it's an instinct people naturally develop when things are stable, but it's not. I was taught frugality by my parents. I have many middle class friends who were not taught frugality by their parents and guess what? They have much nicer cars and bigger houses than me (but also deeper debt and less savings).
> Indeed, these things are bad. I'm claiming they're a symptom.
Predatory insurance/warranty companies are a symptom of what? I claim they exist as a consequence of exploiting ignorance. A $1k monthly check won't make that exploitable ignorance go away, and indeed it will continue to be exploited, perhaps to an even greater degree. Then what? UBI proponents will have to argue for a bigger and bigger monthly check until we are practically a communistic society.