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> Universal basic income could cover the gap. UBI does not solve the problem outlined by jfrunyon that > expenses are higher for poor people.
by 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.