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Why? Without a consumer class it's impossible for everyone to be entrepreneurial. I think it makes very good sense to leverage the income and take a lower payin
by Applejinx 8y ago
Why? Without a consumer class it's impossible for everyone to be entrepreneurial. I think it makes very good sense to leverage the income and take a lower paying job. Maybe in so doing, she's able to consume stuff made by someone entrepreneurial, something she would absolutely not be able to do if pushing it to the limit to maximize her own income.
- zeroname 8y agoThere's no "consumer class". Every person is a consumer, including those who are entrepreneurial. Being entrepreneurial simply means you are in charge of what gets produced. The market then decides whether what you are producing is actually needed. If it isn't, you go out of business. Resources get re-allocated. The efficiency of this process is the whole argument on why capitalism is superior to other systems. Subsidies and other special favors distort this process, to the point of overproducing things that are not needed and underproducing things that are. The danger I see is that UBI is exactly such a subsidy.
- rskar 8y agohttps://financial-dictionary.thefreedictionary.com/Consumer+Class https://financial-dictionary.thefreedictionary.com/Consumer+... "The class of persons able to buy goods and services other than those that satisfy their basic needs. ..."
- zeroname 8y agoThat doesn't seem like a common term and I'm not sure that's what the parent was referring to. Either way, my argument stands.