Re:Universal Basic Income is Capitalism 2.0
by hammock on Thursday July 30, 2020 @11:42AM
(#23999459)
>How are you more at the mercy of the rich if you have more money?
Because that money is coming from the rich. Would you say your boss/employer has less power over you the more you make? IF that is the case, it's not because of how much you make but rather because of how much value you have to the company. In the case of UBI, there is no value exchange, only a handout. If there is a value exchange, it's merely the prospect of less riots/civil unrest.
(This is not even to mention the wash effects of inflation, which are covered well in the other comments on this thread)
Because that money is coming from the rich. Would you say your boss/employer has less power over you the more you make? IF that is the case, it's not because of how much you make but rather because of how much value you have to the company. In the case of UBI, there is no value exchange, only a handout. If there is a value exchange, it's merely the prospect of less riots/civil unrest.
(This is not even to mention the wash effects of inflation, which are covered well in the other comments on this thread)