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By that logic, if people work better jobs and they get more money then that must flow to landlords too. I don't see how producing higher quality stuff changes t
by cam_l 3y ago
By that logic, if people work better jobs and they get more money then that must flow to landlords too. I don't see how producing higher quality stuff changes that metric en masse.. unless it's producing more houses.
But I agree with your (unstated) point, basic income also needs tighter limits imposed on rent seeking behaviour. But I reckon we need tighter limits on rent seeking behaviour anyway.
- roenxi 3y agoI'm not going to argue. But I've had a little time to order my thoughts so I'll expand on my comment. This is a classic pincer manoeuvre in class warfare, where the top of the pyramid brings in a policy that extracts X from the middle class, then divvies it up at at a 10%-90% split between the lower and upper class. The majority of the benefit goes to the landlords. It is a cynical policy. The actual policy that is good for everyone is to generate more wealth so that more of the lower class moves into the middle class. That would be policies that increase the housing stock, removal of policies that unduly favour rent seeking, or the classic land tax that nobody wealthy wants to talk about. We've been at this for centuries - redistribution is not the way to set people up for success. Giving them opportunities to work hard on valuable things is.