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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 alangibson on Thursday July 30, 2020 @06:15AM (#23996436)
My opinion is that UBI would need to be established as a quasi-right at a minimum, similar to how we talk about Social Security (third rail of politics, etc).

It is much easier to get locked out of the market for jobs that pay a living wage than you realize. If you have a bad credit report or a criminal record, those un-centralized instances start to behave like a single point of failure. And you definitely don't have any recourse.

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Re:Universal Basic Income is Capitalism 2.0 by baconandeggs on Thursday July 30, 2020 @06:26AM (#23996508)
I'm aware it's not perfect. I just don't think you realize you want to take exactly the thing that is wrong about our current situation and make it the core feature of society.
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Re:Universal Basic Income is Capitalism 2.0 by alangibson on Thursday July 30, 2020 @06:36AM (#23996565)
The fundamental difference is that UBI would be subject to democratic processes. The private economy is not. Not that democracy is working all that well right now...

I don't want UBI; I want people to have some assurance they will be able to eat tomorrow.

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Re:Universal Basic Income is Capitalism 2.0 by baconandeggs on Thursday July 30, 2020 @06:54AM (#23996689)
What we have now already is subject to democratic processes. In fact, that is the only reason UBI is even being discussed.
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