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Especially since you can't solve supply-side problems by manipulating demand. Universal Basic Income cannot meet the minimum survival needs of the population a
by logfromblammo 10y ago
Especially since you can't solve supply-side problems by manipulating demand.
Universal Basic Income cannot meet the minimum survival needs of the population as long as it does nothing more than transfer money.
The vision most people have when thinking about UBI cannot be realized without some form of command economy separated from the profit-motivated consumer-goods pipeline. If all you do is give poor people cash, their landlords raise rents, their grocers raise prices, and their bus lines raise fares.
Any UBI that I'd actually expect to work is nowhere near as simple as just cutting checks.