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What do you see is the fundamental problem with concentration of wealth (by which I assume you mean concentration of relative wealth, which seems to be what mos
by Gormo 3y ago
What do you see is the fundamental problem with concentration of wealth (by which I assume you mean concentration of relative wealth, which seems to be what most people who discuss this topic are looking at)?
I'd agree that if absolute wealth is being concentrated, that could pose a serious problem, because it would ultimately make large swaths of the population dependent for their livelihoods on a small, centralized set of people who determine the disposition of wealth.
But I'm not sure how UBI -- a program that would make large swaths of the population dependent for their livelihoods on a small, centralized set of people who determine the disposition of wealth -- is a solution to this problem rather than a de jure entrenchment of it.