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A comment on Can Universal Basic Income Transform Society?. Parent comment

Re:Can Universal Basic Income Transform Society? by loudmax on Wednesday July 17, 2024 @09:46AM (#40985904)
This isn't some secret. Of course the wealthy are going to pay more into it than they get out from it. "Take from the rich and give to the poor" is the entire point. This should be understood by anyone with basic economic literacy, or even a modicum of logical reasoning. How else in the world are you to have any welfare program?

If you object to the existence of welfare programs on principle, then you should make that argument.

[ Parent | on HN ]
Re:Can Universal Basic Income Transform Society? by stvltvs on Wednesday July 17, 2024 @10:19AM (#40986238)
This is a misunderstanding of how a budget works when you can print money. You don't have to take from anyone to give to everyone when the money supply is only limited by your concern for inflation beyond the capacity of the economy to do more useful things with the money than would have been done without it.
[ Parent | on HN ]
Re:Can Universal Basic Income Transform Society? by zoky on Wednesday July 17, 2024 @09:49AM (#40985929)
What I object to is the call for such programs under the guise of them being something other than what they are. If UBI is just welfare, why not just call it that?
[ Parent | on HN ]
Re:Can Universal Basic Income Transform Society? by tempfile on Wednesday July 17, 2024 @10:30AM (#40986350)
From wiki: "Universal basic income (UBI) is a social welfare proposal..."

Perhaps this perceived deception is just in your own mind?

[ Parent | on HN ]
Re:Can Universal Basic Income Transform Society? by sjsdaiuasgdia on Wednesday July 17, 2024 @10:28AM (#40986329)
Because it's a different approach than the welfare systems we have today. It's not the same thing. There are similar elements, but the structure is very different. The terminology difference helps reflect that they're different concepts.
[ Parent | on HN ]