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

Re:Universal Basic Income is Capitalism 2.0 by djrobstep on Thursday July 30, 2020 @05:53AM (#23996307)
Rents do not eat up all income increases. Otherwise rents would be 90+% of incomes and all income increases (minimum wage increases, widespread pay rises, social security payments, etc etc) would be pointless.
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Re:Universal Basic Income is Capitalism 2.0 by ethanbond on Thursday July 30, 2020 @06:12AM (#23996418)
Do we know that those things aren’t pointless (more specifically, temporary gains)?

For many people, rent + other compulsory costs do exceed or exactly meet income. That’s precisely the problem.

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Re:Universal Basic Income is Capitalism 2.0 by djrobstep on Thursday July 30, 2020 @06:28AM (#23996520)
Yes. We know from eg the Nordic countries that bulk redistribution works.
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Re:Universal Basic Income is Capitalism 2.0 by ethanbond on Thursday July 30, 2020 @06:30AM (#23996535)
You mean the ones with high LVT on natural resources like oil?
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Re:Universal Basic Income is Capitalism 2.0 by djrobstep on Thursday July 30, 2020 @06:58AM (#23996718)
The Nordic countries do not fund their welfare states from resources, they fund it from general taxation.
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