2 ms·
I’m deeply skeptical of UBI. For one it would amount to rapid inflation that would erode much of the purported benefits. This is hard to argue with after we wa
by slashdev 2y ago
I’m deeply skeptical of UBI.
For one it would amount to rapid inflation that would erode much of the purported benefits. This is hard to argue with after we watched pandemic stimulus do exactly this. It made wealth inequality substantially worse. The average person is in the red. The wealthy scored.
Assuming you find some way to address that, the next problem is it doesn’t work with a democracy. People will vote for whoever offers to raise the income, and politicians will pander to it. Also hard to argue with after politicians on all sides promised tax cuts and increased spending despite running wartime level deficits.
UBI is nice in theory. In practice, I don’t see how you fix those issues.