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}
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.