Spanish labor minister wants to provide €20,000 to every young Spaniard upon reaching...

[toooooot]

I actually agree with that expect on one point - true capitalism can work, and work well, when money is redistributed. As it stands there is far too large a proportion of wealth tied up with a small minority. But it's not just capitalist nations, even Russia, China and the middle East are all at it too.. The wealth gap between the few rich and the many poor is critically wide. It doesn't matter whether it's tax breaks for the rich, the Party or the Oligarchy, it's the same result. It never ends well.

Redistribution was tried many times.Usually, people spend everything that eat their own children or starve. The only usable action I see lies in access to tools that help making life better.
But the problem with that is that a lot of people growing up in poor families are not taught to work, to pursue education and working hard to make life better. They just roam through life wasting it in drugs or more serious things that bring them to prison. For people like this, no redistribution is ever useful and they will always be a dead weight. In our human history, it was work and opportunities for people willing to work that brought prosperity.

 

[m4a4]

Why is this article on techspot? what does it have to do with the tech industry?

I have a funny feeling it's because Alfonso wanted to vent...

 

[rmcrys]

I used to live in Spain and it changed (for worse) much in the last decade, it's an absurd country with lots of absurd rules or laws:

- they have a very high rate of young unemployment (almost 25%) and "Ni-Ni"s (ni trabajan, ni estudian: neither work, neither study), yet they allow / call dozens of thousands of emigrants (mostly from Latin America or East Europe) to work on the fields, restaurants, etc..

- a nice (sarcasm) trend: the youth is too "worthy" to work on such areas, instead, they complain of the unemployment, ask for money, they go make tik toks and smoke weed / take other drugs and make A LOT of graffiti (I think I never lived or visited a country with so many degraded houses or walls / doors painted with graffiti

- most politicians (local or central) are worried about.... feminism and other useless questions about fighting other politic groups. About the country's real problems?! Naaaah ... to much trouble ...

- most people are worried about football and "pink social life" programs, that sells a lot but I hear zero about how to handle the issues. They want a "for life" job in the public service (is theirs for life, even if they work slow and bad - which is 99% the case -) and high pensions, even if they never paid taxes for that amount, but no-one asks how will everything hold on...

- in Spain, until 2022 or 2023 (don't care or remember), you couldn't stay at home if your child had 39°C fever (the law only allowed if they were admitted in the hospital...), but women could stay up to three paid days at home due to menstrual pain / discomfort.

- the law in Spain, since many years ago (and though many complained, never changed) allows that an external person invades your home (okupas) and if they stay there for 48h (because you are on vacations, hospital, by friends, ...) and proves it (pizza receipts, etc) then you can only take them out via court, that takes around 2 years, much money and you CAN'T stop paying the energy or water (says the law) and then, the okupas, won't pay nothing back because the LAW says that they are fragile people...

At the end of the day, the middle working class has to pay everything, work late and the youth just say that "someone" is guilty and should find them a very well paid job for them...

 

[brucek]

Interesting article selection for TechSpot.

How much is Spain spending today on distributions to young people?

I ask because if the intent of this program is to recognize that Spain is already spending something like $20,000 per person on average; but is doing so in an uneven way where some people are benefitting more than others, perhaps because they're gaming the system; then replacing a patchwork of uneven programs with a simple, direct, straightforward payout that applies the same to everyone is at least a more fair approach with less likelihood of messed up incentives.

But even then my inclinations run to government spending less and letting the weight fall to schools figuring out how to deliver education at prices people can afford (a big problem in my country in the US, where the only message schools have gotten for decades is to keep raising tuition more, and stick it to the students or taxpayers via guaranteed loans that would never otherwise have been issued).

 

[rmcrys]

How much is Spain spending today on distributions to young people?

I ask because if the intent of this program is to recognize that Spain is already spending something like $20,000 per person on average; but is doing so in an uneven way where some people are benefitting more than others, perhaps because they're gaming the system;

Well sort of:

- they admittedly (and many institutions and universities made studies of it) pay requirements MUCH higher than what those deserved and paid taxes for;

- they can do the same for the youth, most of them don't work;

- that way, the amount of effort to the real tax payers will be even higher and those are the ones that never got the 20k and probably will get to the retirement age without any meaningful retirement...


Yeah!!! That's the way to go...

 

[ferrellsl]

Blatant vote buying no different than Biden trying to forgive college loans in the US.

 

[Dimitrios]

Blatant vote buying no different than Biden trying to forgive college loans in the US.

Also like California and reparations lol.

 

[Freddie159]

Only if the deal is they can't touch it for 10 years and it must stay invested so the money can accumulate in value, don't want people blowing and saying 'you gave me a windfall with no training on how to help it make more'.

 

[rmcrys]

Only if the deal is they can't touch it for 10 years and it must stay invested so the money can accumulate in value, don't want people blowing and saying 'you gave me a windfall with no training on how to help it make more'.

Won't happen...

They already give 400€/young adult to use in culture, from which, 200€ can be spent in video games (or books, music, etc. but most spend on games) and 200€ in life events. No, no cultural sessions or educational programs how to make money or find a job; no, no money to learn new languages (whoever makes a trip to Spain will find out that most don't speak any other language and those that speak English, 99% is barely understandable).

Well, each country makes their own decisions, they don't have to make sense lol

 

[Thanthan]

To all of the people saying this is stupid… we already have this in Scandinavia. The government pays every person in Denmark upwards of 60.000 euros to take an education that is also free of charge.

It’s working out pretty great.

Giving people 20.000 in cash probably is not the right way to go. But yea… the idea in itself is not unsound, just the execution.

 

[Nobina]

One thing I don't like about this is that it will be exploited. People will take the money, won't use it as intended and will cover it up somehow to make it seem like it was spent for opening a business and just waste it essentially.