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TheAncientGeek comments on Open Thread June 6 - June 12, 2016 - Less Wrong Discussion

4 Post author: Elo 06 June 2016 04:21AM

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Comment author: TheAncientGeek 22 June 2016 04:17:13PM *  0 points [-]

Your picture of people on welfare seems a bit rosy

Does it? I didn't say it was a good thing.

You think everyone has credit cards?

I don't need the premise that everyone has credit cards to support the conclusion that some people on welfare do. I hear news stories about it.

It is, of course, possible to make GBI, to use a legal term, "non-garnishable" meaning it cannot be collected to satisfy a judgement against a person. But that would make it impossible to use it as collateral for a loan to buy equipment, for example.

But you could set a non-garnishable component that is less than the whole GBI. I am still not seeing a novel problem.

Comment author: Lumifer 22 June 2016 06:39:46PM 0 points [-]

I'm not saying there is a novel problem. I'm saying there are old problems that GBI does not magically solve, mostly revolving around the very old observation that a fool and his money are soon parted.

Comment author: TheAncientGeek 24 June 2016 12:14:54AM *  0 points [-]

Did anyone say it solved those problems?

Penicillin doesn't cure the common cold either.

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