3 ms·
It's true. The UBI will move prices. But something interesting happens. If I have $1 and you have $1m, a UBI of $32k given to both of us will make me much riche
by noonespecial 10y ago
It's true. The UBI will move prices. But something interesting happens. If I have $1 and you have $1m, a UBI of $32k given to both of us will make me much richer in comparison even though we got the same handout.
The UBI is like gravity pulling inequality towards the middle. A force that counteracts the "rich get richer" force that dominates today's economy.