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Its not equal distribution of all capital, its a guaranteed minimum to live which still allows for capitalism to operate and for people to get rich. In theory a
by lovich 9y ago
Its not equal distribution of all capital, its a guaranteed minimum to live which still allows for capitalism to operate and for people to get rich. In theory at least.
- nojvek 9y agoSure. They’ll just raise your rent and you’ll be back to square one. Basic income doesn’t fix demand and supply. It just increases demand which increases prices. Australia has a great welfare program. However you see a large brain drain to US because smart people don’t want to be taxed just so it ends up in someone else’s pocket. There are many holes in Basic income logic.
- lovich 9y agoPrices already rise so it's not like that's some extra problem UBI adds. There needs to be some mechanism that ties UBI to inflation and cost of living, it's definitely not a fire and forget solution. However we already produce enough of the basics like food, water, and shelter for everyone in the US so why are people going without?