4 ms·
I just don't understand how anyone can believe that basic income as a fundamental right will not reprice that income towards zero purchasing power. That just se
by epistemer 4y ago
I just don't understand how anyone can believe that basic income as a fundamental right will not reprice that income towards zero purchasing power. That just seems obvious since price is relative.
It strikes me that the only way for the goal of UBI to work is exactly for it to be not be universal.
- red-iron-pine 4y agoUBI isn't going to replace capitalism. There will still be people making cheapo socks and batteries and scalpels in Malaysia or Mexico or wherever. Nothing is stopping you (or someone) for simply importing those and selling them for a dollar, esp. if you can afford to take a hit on the margin -- and you can cuz your rent is paid by UBI. Like, rents and COL are already insanely out of tune with incomes in many places and we don't have UBI.