4 ms·
ubi just shifts the income distribution so a larger fraction gets spent on the things the poor want than used to be the case. e.g. Fewer McMansions, more apartm
by waveBidder 3y ago
ubi just shifts the income distribution so a larger fraction gets spent on the things the poor want than used to be the case. e.g. Fewer McMansions, more apartments. the incentive to work isn't suddenly gone, just no longer life threatening.
compare to the standard conservative argument for inequality (a rising tide lifts all boats), which explicitly depends on economic growth.