51–60 of 1001 posts
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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).
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The fact is less people suffer every year, the economy in the west had its biggest expansion every, and there more fruit especially in america than ever.
Every single thing we know about redistribution of wealth does the exact thing he said. Where is his proof.
most of the middle eastern countries have UBI. Hasnt really done anything for them
And since no one (citizens who get de facto UBI) wants to work, they have to import labor.
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…
GDP is a bad metric. The planet does not have unlimited resources to fuel unlimited growth.
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).
Why would UBI raise rents? The cost of rent is based on supply and demand, and UBI doesn’t make people need more bedrooms.
You don't need to reinvent the wheel in order to "fix" capitalism. Our current problem is that the 1% are taking too much of the pie for themselves. This has led to increased corporatization, reduction in competition as companies merge and there's less players in any particular field, this results in the white-collar service class being beholden to their corporations, making it unable for them to save enough money to spin off and start their own small and medium sized businesses which would create more jobs for people lower on the economic rungs of society. In effect capitalism is working a little too well/efficiently as the owners of capital are using their entrenched power to squeeze more production/efficiency out of employees, which forces employees to stay employees instead of business owners.
This problem can be fixed by tweaking the tax code and some other small changes at the federal level. You don't need to effectively reboot the system to make capitalism work again for the 99%.
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Its the opposite of truth. Which isn't a lie its just saying the opposite of facts. The fact is less people suffer every year, the economy in the west had its biggest expansion every, and there more fruit especially in america than ever. Every single thing we know about redistribution of wealth does the exact thing he said. Where is his proof.