Comment on [deleted]
LotrOrc@lemmy.world 8 months agoThat’s why you add caps to rent and interest as well, so that that basic income legitimately does go into people’s pockets and therefore the rest of the thinking
Comment on [deleted]
LotrOrc@lemmy.world 8 months agoThat’s why you add caps to rent and interest as well, so that that basic income legitimately does go into people’s pockets and therefore the rest of the thinking
SpaceCowboy@lemmy.ca 8 months ago
If you cap rent, you have housing shortages. If you cap interest rates, you have out of control inflation.
It seems UBI is a product of people on the left buying into the supply side economcis theories which hinge on the idea the work is meaningless and it’s only through a largess from the wealthy that people have money. This is a competing idea within the flawed supply side economics framework where UBI is a proposed way to have people receive a largess from the government instead of from the wealthy.
Everything you consume comes from someone doing work somewhere. Those minimum wage jobs don’t exist because companies are being charitable. They exist because there’s work that needs to be done. They’ll tell you that they’re “job creators” and those jobs would be eliminated if minimum wage were increased, but that’s all a lie. UBI leading to some Star Trek paradise is another lie meant to distract people.
Increase minimum wage, form more labor unions, and working conditions will improve. There’s known solutions to these problems, we should implement these solutions instead of the solutions proposed by wealthy people like Andrew Yang.
LotrOrc@lemmy.world 8 months ago
Then why has every study/instance of there being a UBI helped the people in that area?