this post was submitted on 11 Dec 2024
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Hello, I'm not that informed about UBI, but here is my arguement:

Everyone gets some sort of income, but wouldn't companies just subside the income by raising their prices? Also, do you believe capatilism can co-exist with UBI?

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[–] olafurp 2 points 11 hours ago (6 children)

I support it. It's an insanely expensive policy though and should be implemented carefully and be based on income. An example would be:

  • No income $1000 a month
  • Min wage $500 a month

Combined with better tax policies that don't tax poor people. Health, education and other basic services should be almost free while having a strong social housing programme.

This way nobody gets priced out of living and there's still plenty of incentive to get a job while having some funds to invest in hygiene and clothing to land the job.

This amount and threshold should be increased in the future.

I really support UBI since you can better model the demand curve with externalities instead of making things free while having it accessible to poor people. Free school might be too low of a cost when calculating benefits to the individual and society so giving people money to afford a heavily subsidised cost would allow for more accurate economics.

[–] [email protected] 4 points 8 hours ago (1 children)

That's not UBI, and might incentivise people to not work.

With UBI everyone gets Eg. 1000$ a month, no matter what you earn or have.

(taxes would have to go up to pay for this, which is fine, tax the rich)

[–] olafurp 1 points 7 hours ago

I'm pretty sure people living on $1000 a month would want to work to get extra income in most cases.

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