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Giving people money for nothing is not providing value for effort. This is doomed to fail. Every single extra dollar printed is pure inflation rather than wealt
by seibelj 6y ago
Giving people money for nothing is not providing value for effort. This is doomed to fail. Every single extra dollar printed is pure inflation rather than wealth creation. All of the things people really want inflate while marginal crappy goods decline in quality and remain affordable. Housing, quality education, childcare, high quality food (think Whole Foods), good clothing and shoes - all of this stuff gets more expensive. If a UBI is ever implemented we will have a vast underclass of people barely surviving despite their “free money” and the wealthy will continue to get ever wealthier.
- lotsofpulp 6y ago> If a UBI is ever implemented we will have a vast underclass of people barely surviving despite their “free money” and the wealthy will continue to get ever wealthier. That’s why there would need to be a wealth/income tax to redistribute in order to provide the UBI in the first place.
- razius 6y agoIsn't that communism?
- lotsofpulp 6y agoI don’t know enough about various -isms, but I would posit there is some space between “redistributing all wealth and no individual benefits” and “every man for himself”.
- pretendscholar 6y agoLol this is your brain on compsci vocational training.