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Brazilian here. I saw the effects of "Bolsa Família", an implementation of UBI in Brazil, years ago. The linked article mentions it. The best argument in suppo
by diego_moita 3y ago
Brazilian here. I saw the effects of "Bolsa Família", an implementation of UBI in Brazil, years ago. The linked article mentions it.
The best argument in support of UBI is that poor people spend it locally.
Rich people tend to spend most of their money on luxury goods that most of the time come from other places. They generate wealth elsewhere.
Poor people tend to spend on basic needs mostly supplied locally: food, shelter, transportation, sanitation, etc. Because of that UBI's multiplying effect on generating more income is powerful.
Conservatives like to say that low taxes for the rich benefit everyone because they generate progress, it is called supply-side economics. I wouldn't advocate high taxes "per se" as in taxes to give money to the government. However, it is possible that high taxes can have a much more powerful impact on development if the money is spent wisely. However, I accept that politicians spending public money is a rare exception, not the rule.
- deleted 3y ago[deleted]
- andrenth 3y agoBolsa Família is not UBI, because it’s not universal. It has resulted in an alarming number of cities where more than half of the population does not work. There are people who have been living on benefits for more than a decade. They would be unable to get a job now, even if they wanted to, because they’ve been out of the job market for so long. The result is a large amount of people who are forever dependent on the State to live.