3 ms·
> the cost of an item increases by approximately the amount of the subsidy the government provides. Vis-a-vis food stamps and unemployment checks, I don't thin
by talldayo 2y ago
> the cost of an item increases by approximately the amount of the subsidy the government provides.
Vis-a-vis food stamps and unemployment checks, I don't think you can draw the correlation you think exists. Particularly past a certain level of poverty, the state ends up spending more to manage the consequences of unemployment than it saves by refusing to fix it. UBI in this case perpetuates inequity but it also greases the wheels of a down-and-out working population that can be motivated by higher standards of living.
From a net-gain perspective, developed nations investing in themselves like this makes sense. The alternative is letting the middle class rot, which is something that only the upper-class would stand to gain from.
- atq2119 2y agoHeck, I'm convinced even the upper class benefits long term from the kind of investment you're talking about, for a bunch of reasons. To name just two examples: Technological progress happens more smoothly when there are mass markets. Society is healthier and safer when everybody feels like they have a stake in it.