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A comment on The first results from the biggest basic income experiment. Parent comment

Re:The first results from the biggest basic income experiment by DFHippie on Sunday December 03, 2023 @12:53PM (#38509090)
The point of a UBI is not to redistribute wealth. It's to provide a minimum standard of living for everyone more efficiently than means-tested programs do.

If you're going to provide a minimum standard of living to everyone, a UBI does this with minimal distortion of incentives.

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Re:The first results from the biggest basic income experiment by randomdata on Sunday December 03, 2023 @01:11PM (#38509297)
> The point of a UBI is not to redistribute wealth.

Right, technically the point is to redistribute the productive capacity of that wealth so that everyone has access to a minimum amount of its production.

But is there a meaningful difference? For all intents and purposes, capturing a share of the production is equivalent to owning a share in the wealth.

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