4 ms·
It is explicitly about wealth redistribution, one in which there is no skewing of paying people to be in a certain state other than alive (which welfare systems
by jostylr 6y ago
It is explicitly about wealth redistribution, one in which there is no skewing of paying people to be in a certain state other than alive (which welfare systems are doing). Of course, no money needs to be taken; inflation can do that for us if we prefer uncontrolled recapture.
Under a basic, reasonable fair model, random economic flows in a free market will tend to have all the wealth accumulated by a few: https://www.scientificamerican.com/article/is-inequality-inevitable/ https://www.scientificamerican.com/article/is-inequality-ine... Depending on the redistribution amounts (not specifically UBI, just aggregate), differing levels of oligarchy will or will not form.
UBI allows for a very gentle way of avoiding all the wealth captured by a few. You could think of it as economic transfers tend to create blackholes and UBI pumps some of the accumulated matter back into the universe to keep activity flowing.