Re:UBI Would Likely Increase Poverty Rather Than Reduce It (...
by skybrian on Tuesday October 11, 2022 @11:53AM
(#33164897)
When people spend their money, the money goes to the sellers. But this is hardly a no-op. Yes, when people have more money to spend that's good for the merchants who cater to them, but it's also good for the shoppers because they can buy more stuff. Having spending power means that the merchants are working for you. You can't get that without money.
It's rather weird that people can convince themselves that having more money to spend won't make any difference.
Re:UBI Would Likely Increase Poverty Rather Than Reduce It (...
by Brian_K_White on Thursday October 13, 2022 @11:52AM
(#33192709)
More money does not define more spending power.
Rent absolutely will go up regardless the exact mechanism, but rent and the specific mechanism by which rent rates are set, is just a detail and silly to focus on.
It's just a stand-in for a concept. Replace "rent" with "cost of living".
Their stated point was that the money will be re-absorbed by the same people it was meant to combat, by countless mechanisms.
If the money is meant to empower people currently too disadvantaged, it mostly won't, because the entities in control of things that resulted in some people being squeezed too hard, will still be in control of the same things, and the net result will be that the extra money becomes a no-op number shuffle.