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you've bought into the conceit of the whole thing. who doesn't want "free money"? but it's literally wealth redistribution, and which libertarian wants that? th
by clairity 7y ago
you've bought into the conceit of the whole thing. who doesn't want "free money"? but it's literally wealth redistribution, and which libertarian wants that? that "seed money" simply puts the poor in a deeper hole relative to the rest of the economy, as inflation stabilizes prices aronnd the new floor. moreso, wealthy folks have just staved off larger socioeconomic changes for what amounts to pennies.
then think of an alternative world where labor and capital are equal partners in the optimal allocation of resources (the central promise of capitalism). labor is no longer in the dark about opportunity costs and accrued benefits and their fair share of it. consumers negotiate with corporations on equal footing so we get the fairest prices. as a free person, you no longer need a handout because you can negotiate fair wages and fair prices.
- lawrenceyan 7y ago> but it's literally wealth redistribution, and which libertarian wants that? To clarify, in your original comment you said that it was a wealth concentration mechanism. Are you now saying that it is in fact a wealth distribution mechanism?