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It seems to me that the only thing that a universal basic income will do is make corporations richer. If you "double" the income of people living at or below t
by VA3FXP 10y ago
It seems to me that the only thing that a universal basic income will do is make corporations richer.
If you "double" the income of people living at or below the poverty line, you do not double their buying power.
Mile that cost $2/L will now cost $4/L, rent will skyrocket, because more "welfare" will be available.
I wholly support the concept of UBI. But it can ONLY work if we restrict how much corporations can charge. Some things that would help in that regard: restrict the $ divide between the highest paid and lowest paid positions in a corporation.
- Touche 10y agoDo people really not see that all of this central planning stuff is just economic whack-a-mole? So what happens to the middle class families that are looking to buy their first home when their taxes increase by 10%. If the household income is $150k, that 1000/month basic income check is going to be less than what is taken in the tax increase. Looks like that family can't buy that house now. One tiny example, but central planning has a million trickle effects that have to be compensated for. It's too much to try and balance and get right.