3 ms·

Would you really call the experiments AUS (and other countries) have performed in UBI an “unreservedly massive success”? Haven’t most such places seen increase

Would you really call the experiments AUS (and other countries) have performed in UBI an “unreservedly massive success”? Haven’t most such places seen increases in wealth inequality and, perhaps more importantly, increasingly unaffordable rent / housing? Not to mention inflation which was probably not at a sustainable pace? This isn’t even a bait question, perhaps you attribute those results to some other cause or don’t view them as problems. I haven’t heard this POV in my own circles.

smackeyacky 5y ago
The trajectory of real estate prices has been out of control here for 30 years, perhaps covid accelerated ot, but giving ordinary people money to survive doesn't change much because they are already priced out of the market. I think it can be fixed with land taxes. A lot of land banking goes on in Australia. I thought the boomers dying off might help with housing affordability but it hasn't happened. Inflation in food prices is far more supply side than demand side. When money was handed out here, people spent it on remarkably sensible things like paying bills and retiring debt. UBI works and we have the proof.