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> this same argument could be used again any improvement in poverty UBI is particularly susceptible because it is a one-time universal increase in income. The
by _rpd 8y ago
> this same argument could be used again any improvement in poverty
UBI is particularly susceptible because it is a one-time universal increase in income. The increaes is very predictable by landlords and housing sellers.
> If this is the wrong direction, should we make opposite changes - concentrate wealth in fewer hands?
Means-tested welfare, minincome, negative tax, minimum wage increases - all these are better than UBI. UBI needs to die as a meme.
> in general it is not the case that prices would rise to consume all citizens' disposable income
I believe that this is the case under UBI. Based just on housing alone! Even minimum wage increases are subverted by price rises. UBI would be costly and have minimal positive impact with the possibility of massive negative impact. It is the worst of all worlds.
People need to understand that there are two UBIs -
- Right wing UBI where welfare is liquidated and the proceeds distributed (to the tune of $8k/yr) -> increased income inequality, medieval levels of poverty
- Democratic UBI where $24k is given to all and sundry funded by taxes on high income individuals and corporations + printing money -> hyperinflation, economic collapse
Neither of these are futures that we want. Please consider alternatives.