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A comment on People kept working, became healthier while on basic income: report. Parent comment

Re:People kept working, became healthier while on basic inco... by ilammy on Thursday March 05, 2020 @02:23PM (#22497092)
> It's better to increase capital than redistribute it.

Consider the notion of leverage where both A and B can increase their capital more in absolute value if some part of A's significant capital is redistributed to poorer B. UBI just takes risk out of this equation so A does not have to lend to B in order for this to happen. Though yeah, this makes A poorer in absolute value than they would have been without this sneaky taxation (= involuntary expropriation of money).

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Re:People kept working, became healthier while on basic inco... by Aunche on Thursday March 05, 2020 @03:31PM (#22497845)
> UBI just takes risk out of this equation so A does not have to lend to B in order for this to happen.

For society, the risk is that A is more efficient at investing money than a blind redistribution scheme. That's a multi-trillion dollar gamble.

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Re:People kept working, became healthier while on basic inco... by edmundsauto on Thursday March 05, 2020 @04:59PM (#22498807)
Isn't it a case of investment efficiency versus efficacy? If all you care about is capital increasing capital, then efficiency is a good measure. If you care about how the increase in capital impacts peoples lives, then giving $1 to a billionaire is less effective than someone on minimum wage.
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