News for hackers. Stuff that matters.

A comment on Universal Basic Income is Capitalism 2.0. Parent comment

Re:Universal Basic Income is Capitalism 2.0 by fsloth on Thursday July 30, 2020 @03:06AM (#23995453)
"In addition, a UBI takes pressure and saves costs of other social programs. "

I would go as far and say that in the optimal case UBI would replace other social programs.

[ Parent | on HN ]
Re:Universal Basic Income is Capitalism 2.0 by dalbasal on Thursday July 30, 2020 @06:59AM (#23996721)
Some savings are automatic. If a social program targets low income thresholds, and UBI raises some people above that threshold then fewer people draw on it. It costs less.
[ Parent | on HN ]