this post was submitted on 18 Oct 2023
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[–] [email protected] 8 points 11 months ago (14 children)

Universal basic income does not fix inequality, it doesn't take existing accumulated wealth into account. You get X amount per month, yay, food. Jeff Bezos gets the same and throws it on the money pile without blinking an eye. It will lead to more inflation and you'll still be poor compared to who's wealthy. Socially corrected incomes are a way better tool for battling inequality, and in today's world's, it shouldn't anymore cost a million-person bureaucracy to run a wealth-distributing system either.

[–] Aceticon 4 points 11 months ago* (last edited 11 months ago) (6 children)

That's quite a shallow take on the whole thing. Universal Income's main impacts are indirect and affect the whole of society, for example:

  • It allows people to give it a go as inventors or artists at any point of their lifes, rather than the traditional 2 points of "young adult still getting money from your parents" and "having retired (for a few by having made so much money that can retire early) and do what he or she always wanted to do".
  • It places a floor on all incomes. Specifically if Universal Income is high enough so that people can afford housing and food from it alone, nobody will ever accept any jobs paying the same or less - all jobs will have to offer something beyond it to attract any workers.
  • Less crime because the sorts of crimes that desperate people commit and other "low yield" petty crimes will pretty much dissapear because they're not worth the risk and people don't need to do it.

As for means testing it or not, it really boils down to the complexity and cost associated with means testing: if it's cheaper if not means tested, why do it? It suspect Jeff Bezos' "pleasure" in getting Universal Income will be nothing next to what the losses from not to being able to pay shit salaries and treat his workers like shit anymore will make him feel.

[–] tagliatelle 2 points 11 months ago (2 children)

With UBI everyone would get it and any salary from a job would be additional. So salaries would go down, but compensated by UBI

[–] Aceticon 1 points 11 months ago

Whilst I wouldn't say that would be the case for certain, it does sound like a genuine possibility for a trully Universal (rather than in name only) UBI.

[–] [email protected] 1 points 11 months ago (1 children)

Then they'll tie eligibility for UBI to being employed or seeking if able or having some sort of medical excuse for not being able and we're back here.

[–] [email protected] 1 points 11 months ago

The U in UBI is for unconditional. If there are conditions, it's not UBI...

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