The capitalist doesn’t understand how capitalism works, go figure. The moment everyone is 8$ a day richer, everything will get 7$ a day more expensive. You’ll create a racket where you’re paying poor people to be exploited by rich people. When the money stops coming the rich will pack up and leave, leaving the poor people back at square one.
Not quite, the Uganda thing aside this is basically universal basic income and according to pilot programs it works. The catch here is that 8 dollars are the same whether you give them to someone who has 1 dollar or someone who has 1000 dollars, so you’ve effectively redistributed wealth from the richer person to the poorer person.
All that works if nothing changes. These pilot programs are small and don’t get the large scale effects right that might appear in such a system. We absolutely need to kill capitalism dead before everyone can UBI
Marx argued that UBI is capitalism “decked out in socialism” against Henry George. When capitalism is dead, there will be no need for UBI.
In the meantime, we ought to repeat these successful experiments at a larger scale. Any inflationary pressure from UBI might be counterbalanced by deflationary pressure from its taxes. Landlords don’t absorb the whole UBI because elasticity is a thing.
![[repost] I want to punch this guy](https://lemmy.dbzer0.com/pictrs/image/950af860-f631-4ef7-ab47-a4a2575558ac.webp){kind=link}
The capitalist doesn’t understand how capitalism works, go figure. The moment everyone is 8$ a day richer, everything will get 7$ a day more expensive. You’ll create a racket where you’re paying poor people to be exploited by rich people. When the money stops coming the rich will pack up and leave, leaving the poor people back at square one.
Not quite, the Uganda thing aside this is basically universal basic income and according to pilot programs it works. The catch here is that 8 dollars are the same whether you give them to someone who has 1 dollar or someone who has 1000 dollars, so you’ve effectively redistributed wealth from the richer person to the poorer person.
All that works if nothing changes. These pilot programs are small and don’t get the large scale effects right that might appear in such a system. We absolutely need to kill capitalism dead before everyone can UBI
Marx argued that UBI is capitalism “decked out in socialism” against Henry George. When capitalism is dead, there will be no need for UBI.
In the meantime, we ought to repeat these successful experiments at a larger scale. Any inflationary pressure from UBI might be counterbalanced by deflationary pressure from its taxes. Landlords don’t absorb the whole UBI because elasticity is a thing.