5 ms·
Once a business or service is built around it, yes. But This likely can be solved via something that doesn't have to be profitable, just successful. Universal b
by charwalker 6y ago
Once a business or service is built around it, yes. But This likely can be solved via something that doesn't have to be profitable, just successful. Universal basic income could cover the gap. Stronger unions and enforcement of stronger regulations like curbing interest rates, providing personal finance resources for free like a financial adviser or community college course, or shoring up meals programs for poor kids are all options. It doesn't have to be a business to work.
- wolfgke 6y ago> Universal basic income could cover the gap. UBI does not solve the problem outlined by jfrunyon that > expenses are higher for poor people.
- charwalker 6y agoNo, but that isn't the only tool or lever to pull. It's an idea around a rising tide lifts all boats where an extra $1k a month or baseline income could bridge gaps so instead of choosing between food, car, and insurance this month the household can cover all 3 and maybe get out for some ice cream and have a human experience. There are fair criticisms of UBI but it would not be acting in a vacuum. There could be policy and actions to support the goals of UBI. Everything is more complicated than it seems.
- wolfgke 6y ago> It's an idea around a rising tide lifts all boats where an extra $1k a month or baseline income could bridge gaps Prices increase in this case - that is how markets work.