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UBI gives money to everyone equally, those that really need it don't get enough. For example - I can get a a $500 (or X amount in your country) check every mont
by dimitar 6y ago
UBI gives money to everyone equally, those that really need it don't get enough. For example - I can get a a $500 (or X amount in your country) check every month that I don't need as I can work just fine from home, but someone who might be laid off can barely pay for his rent, food and other necessities.
There is not enough wealth to redistribute in any country (except maybe the Gulf states) so that both anyone in a job or health emergency has enough and also give the same amount to everyone else.
So you have to deliver smaller sums - a patch to this system is to have everyone pay for insurance, proportionally to their income and need, but this the current welfare scheme UBI is supposed to replace.
Covid-19 exactly how disproportionate and random a crisis can be, so a one-size fits all solution doesn't fit anyone.
- chrischen 6y ago$500 to you may be worth a lot more than $500 to Warren Buffet, in terms of man-hours.
- akiselev 6y ago> There is not enough wealth to redistribute in any country (except maybe the Gulf states) so that both anyone in a job or health emergency has enough and also give the same amount to everyone else. [Citation needed] The global population grew from about 1.6 billion to about 6 billion in the span of a hundred years (1900-2000). Before the pandemic, over twice as many people were considered part of the "global middle class" than there were people alive in 1900. In that time, quality of life indicators have skyrocketed for all except the most isolated tribes. Humanity has known that "wealth" isn't a zero sum game since the fall of mercantilism. Universal basic income is just the next phase of that realization.