Re:Universal Basic Income is Capitalism 2.0
by kemotep on Thursday July 30, 2020 @08:05AM
(#23997112)
That is a fair concern to have which is why UBI isn't a cure all. There certainly can be a lot more effort put into ending poverty.
Re:Universal Basic Income is Capitalism 2.0
by dragonwriter on Thursday July 30, 2020 @08:39AM
(#23997384)
> What are the causes of poverty?
Value capture by capitalists. Perverse incentives of means-tested welfare programs. Making choices that are suboptimal from an expected value perspective because they are better from a risk perspective when you can't afford to take risks.
> Prevent them.
UBI prevents or reduces all of those causes.
> What are the barriers to mobility in the job market?
People not having the resources to take time off their current job to retrain, either via formal training program or taking temporary lower-paid work in a different field, among others.
> Alleviate them.
UBI does.
I don’t like this solution because it is a pretend-solution. What are the causes of poverty? Prevent them. What are the barriers to mobility in the job market? Alleviate them.
UBI helps but in my opinion it is just sweeping the problem under the rug.