Universal Basic Income is Capitalism 2.0

Post by Polylactic_acid » Thu, Jul 30, 2020, 2:13 AM UTC

jc_811 wrote: post #30

runawaybottle wrote: post #13

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).

Is that totally guaranteed though? It’s important to remember that the landlords as well will be getting the 1000$ UBI. So yes, there will be landlords starting their rent at $1000, but there will also be landlords who start lower because they too have become more enriched from the UBI and don’t need to squeeze the margins as much anymore.

Post by orangecat » Thu, Jul 30, 2020, 2:15 AM UTC

runawaybottle wrote: post #13

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).

Post by Polylactic_acid » Thu, Jul 30, 2020, 2:15 AM UTC

zzzkkk wrote: post #21

> Even the most hardcore anti-capitalists have to give respect to how the combination of capitalism and technology has worked to lift most of the world out poverty and provided us with the security and comfort only kings enjoyed just a few century’s ago. no, we fucking don't.

Post by adamnemecek » Thu, Jul 30, 2020, 2:16 AM UTC

bluedevil2k wrote: post #12

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…

Post by alehul » Thu, Jul 30, 2020, 2:18 AM UTC

frgtpsswrdlame wrote: post #73

drummer wrote: post #62

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…

Do you feel the same way about foodstamps? This isn't an argument against UBI, it's an argument against any kind of government provided assistance at all.