Re:Universal Basic Income is Capitalism 2.0
by playworker on Thursday July 30, 2020 @11:33AM
(#23999347)
Expensive is okay, we're talking about eradicating poverty, as first world nations we should be judged on how well we look after the most vulnerable in society, not on how wealthy the 1% can get.
US population is what, 300 million, ~75% of that are adults, multiplied by something like $35,000 is what, 8 trillion? The top 1% have a wealth of 35 trillion, US GDP is around 24 trillion - is it acceptable to spend 1/3rd of your GDP on eradicating poverty and creating a more equal society?
If you want to help poor people, start with radically capping and reducing rents per m^2 everywhere. And by "radically" I mean radically, not just halving them. That's one of the biggest problems in almost every country and it will get worse and worse if current trends continue.