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.
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.