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> It's better to increase capital than redistribute it. Consider the notion of leverage where both A and B can increase their capital more in absolute value if
by ilammy 7y ago
> It's better to increase capital than redistribute it.
Consider the notion of leverage where both A and B can increase their capital more in absolute value if some part of A's significant capital is redistributed to poorer B. UBI just takes risk out of this equation so A does not have to lend to B in order for this to happen. Though yeah, this makes A poorer in absolute value than they would have been without this sneaky taxation (= involuntary expropriation of money).
- Aunche 7y ago> UBI just takes risk out of this equation so A does not have to lend to B in order for this to happen. For society, the risk is that A is more efficient at investing money than a blind redistribution scheme. That's a multi-trillion dollar gamble.
- edmundsauto 7y agoIsn't it a case of investment efficiency versus efficacy? If all you care about is capital increasing capital, then efficiency is a good measure. If you care about how the increase in capital impacts peoples lives, then giving $1 to a billionaire is less effective than someone on minimum wage.