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A comment on Dutch entrepreneurs avoiding negative interest by opening multiple bank accounts. Parent comment

Re:Dutch entrepreneurs avoiding negative interest by opening... by vineyardmike on Wednesday September 01, 2021 @01:22PM (#28382799)
> Inflation would skyrocket, asset-holders will get richer and inequality would get worse if it already isn't.

1) I don't think UBI would be that much money per person. The UBI proposals are alternatives to food stamps, not jobs.

2) The people with money to burn and buy assets and $20 burgers would lost more than their UBI due to taxes.

Aside, in expensive west coast cities we already have $20 burgers

[ Parent | on HN ]
Re:Dutch entrepreneurs avoiding negative interest by opening... by systemvoltage on Wednesday September 01, 2021 @02:10PM (#28383552)
$20 McDonalds burgers (the point was not about burgers at all but about inflation).

I am fine with providing social services to alleviate homelessness needs. Getting these people jobs would be the way to go. For those that cannot find jobs or are mentally unstable - they can continue to live off welfare.

UBI would go to 99.9% of the polulation that is not homeless.

[ Parent | on HN ]