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Hypothetical Free Money

 
 
Reply Thu 28 Apr, 2016 10:36 pm
A random selection of young adults, eighteen years old, receive notices that they will from this day forward receive $1,000.00 per month for the rest of their lives. They will not have to do anything at all for the money, and there is no way it can be cancelled. Every couple of years there will be a modest increase in line with the cost of living. The payments cannot be transferred or assigned to anyone else.
Please use your knowledge of human nature and psychology to speculate how this will affect the lives of these young people. ( The sample is large enough to include the range of economic status, race, gender, geographic location and personality types ).
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Type: Discussion • Score: 0 • Views: 663 • Replies: 16
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TomTomBinks
 
  1  
Reply Sun 1 May, 2016 04:21 pm
@TomTomBinks,
Wow! I thought this would be a good topic for discussion. I'm surprised no one responded.
0 Replies
 
maxdancona
 
  1  
Reply Sun 1 May, 2016 04:50 pm
@TomTomBinks,
This might be interesting to you... an actual experiment done that is someone similar to your hypothetical experiment.

http://stateofopportunity.michiganradio.org/post/what-massive-land-lottery-antebellum-georgia-tells-us-about-wealth-and-opportunity-today-0
chai2
 
  1  
Reply Sun 1 May, 2016 06:00 pm
I think the preceived standard of living the subjects feel they need to have will rise to a minimum of slightly above whatever their income, plus the free money will be.

TomTomBinks
 
  0  
Reply Sun 1 May, 2016 06:11 pm
@chai2,
They'll become accustomed to the extra money and come to depend on it...
chai2
 
  1  
Reply Sun 1 May, 2016 06:16 pm
@TomTomBinks,
Exactly.
0 Replies
 
TomTomBinks
 
  0  
Reply Sun 1 May, 2016 06:22 pm
@maxdancona,
Thanks.
0 Replies
 
Expert2
 
  0  
Reply Tue 21 Jun, 2016 04:19 pm
@TomTomBinks,
There's no such thing as free money. SCAMMER!
0 Replies
 
Expert2
 
  -2  
Reply Tue 21 Jun, 2016 04:34 pm
Are you a prince from Nigeria TomTom? Do you want my Bank Account number to funnel all those thousands of dollars I have coming to me? Free Money for who. Are you tired of bulking the elderly? Moved on to 18 year olds?
cicerone imposter
 
  0  
Reply Tue 21 Jun, 2016 04:37 pm
@TomTomBinks,
If it sounds to be too good/unrealistic.......it's a SCAM.
0 Replies
 
jespah
 
  2  
Reply Tue 21 Jun, 2016 04:47 pm
hypothetical
adjective hy·po·thet·i·cal \ˌhī-pə-ˈthe-ti-kəl\
Simple Definition of hypothetical
: involving or based on a suggested idea or theory : involving or based on a hypothesis
: not real : imagined as an example
http://www.merriam-webster.com/dictionary/hypothetical
Leadfoot
 
  1  
Reply Tue 21 Jun, 2016 06:36 pm
@jespah,
Nobody gets that anymore.
cicerone imposter
 
  -1  
Reply Tue 21 Jun, 2016 07:34 pm
@Leadfoot,
There is no such hypothetical as being true in real life.
Leadfoot
 
  1  
Reply Tue 21 Jun, 2016 09:19 pm
@cicerone imposter,
Especially CI.
0 Replies
 
TomTomBinks
 
  1  
Reply Tue 21 Jun, 2016 10:30 pm
@Expert2,
Yes. Send me your bank information; account number, routing number and the physical address of your branch. Also send me your credit card account numbers, their expiration dates and the authorization code on the back of the cards. Don't forget to include your full name, address and social security number.Do it now.
0 Replies
 
Jay2know
 
  0  
Reply Tue 21 Jun, 2016 10:53 pm
@TomTomBinks,
4) No recruiting
Don't post submissions asking readers to make a donation, sign a petition, spread the word about a crowdfunding campaign, join a website, or take part in a survey.
0 Replies
 
Jay2know
 
  0  
Reply Tue 21 Jun, 2016 10:56 pm
@TomTomBinks,
I feel like eating me some frog legs. Want some fries with that?
0 Replies
 
 

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