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The point of a UBI is not to redistribute wealth. It's to provide a minimum standard of living for everyone more efficiently than means-tested programs do. If
by DFHippie 3y ago
The point of a UBI is not to redistribute wealth. It's to provide a minimum standard of living for everyone more efficiently than means-tested programs do.
If you're going to provide a minimum standard of living to everyone, a UBI does this with minimal distortion of incentives.
- randomdata 3y ago> The point of a UBI is not to redistribute wealth. Right, technically the point is to redistribute the productive capacity of that wealth so that everyone has access to a minimum amount of its production. But is there a meaningful difference? For all intents and purposes, capturing a share of the production is equivalent to owning a share in the wealth.