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People don’t really need UBI. They just need an affordable place to live, and some food to eat, and some electricity to run their fridge, so they don’t starve,
by blackrock 6y ago
People don’t really need UBI. They just need an affordable place to live, and some food to eat, and some electricity to run their fridge, so they don’t starve, or freeze, and keep the lights on. And some internet services, so they can communicate with others to stay connected.
The primary problem, is that after 2008, instead of fixing the problem, the morons in leadership, bailed out the rich. They lowered interest rates so low, that it forced a bidding war on housing. Which drove up the cost of rent, which put some people on the streets.
For others, their rent became so high, relative to their income, that they cannot save any money.
Meanwhile, the rich kept buying more stocks. The corporate buybacks forced a scarcity issue in stocks, that it drove prices higher. Then, they cash out, and take that fake money, and spend it out on the real world.
So now, we live in a world where the rich are safe behind their walled gardens, and the poor are sacrificed as the essential workers. And Bezos is about to becomes the first Trillionaire.
- wutbrodo 6y agoRising property values didn't drive higher rent, it was the other way around. People flooded into cities because that's where the economic growth was, and cities didn't build enough housing to keep up.