71–80 of 1001 posts
If the market price of an apartment is $500, and suddenly everyone gets UBI, the landlord would raise the price as much as he can, say $1000.
People on UBI are in the same relative position as before. They still can’t get the apartment because there’s enough people who have the UBI plus something else and can pay $1000.
UBI is extremely dangerous as long as governments exist. Take what China is doing with their citizen score and it's not hard to imagine what could go wrong. "...imagine how easy it would be for such a government that was also providing a basic income to its citizens to manipulate their citizens based on that basic income that they depended on. If they can deny citizens access to things like public transportation base…
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only if you put on the same blinders that the author does, and ignore things such as: - no mention whatsoever of any existential threats e.g. climate change. full faith and credit in Mr. Market to get us out of that rut, i guess - some definitions of "efficient" involve avoiding policies in one country (say worker and environmental protections) by moving to other countries where those same protections don't apply. so…
There are schemes for UBI which don't actually cost much more than we are spending. It can just be reallocation with more clawback in taxes. If one wants to.
Won’t it just be negated with increased cost of living? If people get 1000 a month free, you better believe that rent starts at 1000. The free money will never do what it’s supposed to do in the long run. It’s better to just give the actual service for free (healthcare, college, transportation).
Won’t it just be negated with increased cost of living? If people get 1000 a month free, you better believe that rent starts at 1000. The free money will never do what it’s supposed to do in the long run. It’s better to just give the actual service for free (healthcare, college, transportation).
Honest question - how does one prevent inflation with UBI? If the market price of an apartment is $500, and suddenly everyone gets UBI, the landlord would raise the price as much as he can, say $1000. People on UBI are in the same relative position as before. They still can’t get the apartment because there’s enough people who have the UBI plus something else and can pay $1000.
This isn't different to how it works now. UBI isn't about making everyone millionaires, its just welfare/unemployment with less steps.
But I don't understand why people don't believe the UBI will just become the new definition of poverty. People will still be miserable and feel like they have nothing when comparing themselves to those who get UBI and have a job.
I can’t help but think that UBI would distort job markets. Let’s pick an example of a “sucky job” (and I say this as just an example, I realize these guys work hard and are vital). A garbage man. He get’s paid $42k a year because they have to find people who would be willing to do this sucky job and need to pay higher than minimum wage to do so. At some point of income, people would be willing to accept the suckiness…