Why is the stock market rallying when the economy is so bad?

Re:Why is the stock market rallying when the economy is so bad? by taneq on Monday May 11, 2020 @10:42PM (#23150041)

UBI doesn't stop people working. It just stops them starving if they don't/can't work. It allows them to re-skill without risking ending up on the street. It provides a safe path out of poverty traps.

People will always get bored and people will always want nicer things, so they'll always eventually be motivated to go and get work to improve their lot. UBI won't change that. In fact, it will facilitate it.

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Re:Why is the stock market rallying when the economy is so bad? by samdamsamm on Monday May 11, 2020 @11:04PM (#23150169)

UBI doesn’t do that. Unless tied to something like land-value tax, UBI just raises rent cost. Of course it doesn’t happen immediately, but within a year or so UBI will be consumed by rent cost.

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Re:Why is the stock market rallying when the economy is so bad? by taneq on Tuesday May 12, 2020 @12:58AM (#23150714)

Shouldn't the free market take care of that? Rental costs in a given area are driven by supply of, and demand for, rental housing in the area.

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Re:Why is the stock market rallying when the economy is so bad? by netjiro on Tuesday May 12, 2020 @08:31AM (#23153206)

Housing is generally supply blocked due to zoning/regulation/bureaucracy/etc. It's a severely dysfunctional market in most areas.

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