3 ms·
> The 20 cents of marginal utility is used once and [...] not to great effect. I made no reference to UBI. I don't think UBI is a solution to the system of pov
by gen220 2y ago
> The 20 cents of marginal utility is used once and [...] not to great effect.
I made no reference to UBI. I don't think UBI is a solution to the system of poverty. But we don't need to go there.
There are ways to redistribute wealth that are less direct than SNAP and UBI.
The public education system, our transportation infrastructure, the funding of basic research (which contributed to the transistor, modern vaccines, and modern passenger air travel).
There is a whole spectrum of investment between "give a man a fish" and "fund the construction of a competitive industry of privately-owned fish farms to feed people fish"; and it's worth understanding why we're often presented with the false choice between them, instead of the options in between. It's not because the one on the right is most efficient.