How would you spend $20 million a year? (midwest.social)

submitted 1 year ago by MNByChoice@midwest.social to c/asklemmy@lemmy.ml

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Pretend the $20 million is guaranteed, and if anything will increase slightly over time.

What problems could be significantly improved for $20 million?

(I am dreaming of winning the $1.55 billion Powerball drawling. Then taking the lumpsum, posting taxes, investing, and spending 4% each and every year. I understand that the actual may be more, or less than the started amount.)

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[-] BeefPiano@lemmy.world 17 points 1 year ago

        UBI for people who are currently unhoused. This is proven to increase the economic prosperity of the entire region, leads to better outcomes than shelters, and is cheaper than current homelessness support systems.
Buy medical debt. You can clear someone’s $150,000 debt for like $200.

[-] mke_geek@lemm.ee 7 points 1 year ago

Buy medical debt. You can clear someone’s $150,000 debt for like $200.

How do you do this?

[-] BeefPiano@lemmy.world 4 points 1 year ago

https://www.npr.org/sections/health-shots/2022/08/15/1093769295/this-groups-wiped-out-6-7-billion-in-medical-debt-and-its-just-getting-started

[-] MNByChoice@midwest.social 6 points 1 year ago

Great idea. Some cities are doing this now. I feel once it becomes widespread, it will be gamed and prices will increase.

[-] BeefPiano@lemmy.world 5 points 1 year ago

That’s why it’s a stepping stone to actual UBI. The U means you can’t game it. Give billionaires $10,000/yr too. Then tax the shit out of carbon to pay for it.

this post was submitted on 08 Oct 2023

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