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Whether or not individuals benefit from UBI isn't the point. The point is that it changes the nature of money printing in our economy from being top-down to bei
by cryptica 5y ago
Whether or not individuals benefit from UBI isn't the point. The point is that it changes the nature of money printing in our economy from being top-down to being bottom-up and it changes the dynamics of how companies operate to get those dollars. The effects on individuals and prices hardly matters at all.
Right now we have a trickle-down economy which caters primarily to the needs of institutions and big capital holders. This is why our society is so politically charged and divided and why we have such fast growing inequality.
We're already essentially giving institutions and capital holders free money through capital appreciation. We need to give some free money to those at the bottom too or else it's not fair and it will lead to a revolution sooner or later.