Re:Universal Basic Income is Capitalism 2.0
by squeaky-clean on Thursday July 30, 2020 @07:25AM
(#23996867)
If disagree with it. High income areas are high rent areas. Is a coal mine in West Virginia really "less productive" than a tech firm in SanFran?
[ Parent
| on HN ]
Re:Universal Basic Income is Capitalism 2.0
by ethanbond on Thursday July 30, 2020 @07:34AM
(#23996930)
Yes, in the economic sense of productivity, it is. Your high income = high rent is the same statement as what Iām saying.
The mechanisms are the same, though. Amazon putting HQ2 in a city causes rent to go up (higher productivity).
A coal mine developing a new, more efficient train to move coal around will also cause rent to go up (higher productivity).
Re:Universal Basic Income is Capitalism 2.0
by squeaky-clean on Thursday July 30, 2020 @07:47AM
(#23997007)
1. You didn't provide any actual evidence or deeper claims than (putting something in parenthesis). I don't really believe the coal mine claim, as in reality we don't see that happening. Mining towns are still among the cheapest and poorest towns in America.
2. That's a really naive sense of economic productivity. Here is a thought experiment.
A) Let's shut down all of Amazon HQ1.
B) Let's shut down the dams that provide 86% of Seattle greater area's electricity.
Which one of these entities is ACTUALLY responsible for that "productivity" then? And I bet you rents in Seattle without electricity would drop far greater proportionally than they do out by the dams. Rent follows incomes, not productivity.
Re:Universal Basic Income is Capitalism 2.0
by ethanbond on Thursday July 30, 2020 @08:21AM
(#23997241)
There is no deeper claim being made. We are saying the same thing. You can call it income if you'd like. A person's wages are some portion of their productivity. The distinction is irrelevant for this point.