this post was submitted on 09 Jan 2024
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When talking to people who dislike UBI about UBI, they'll often say both that 'people need a purpose in life' and that 'nobody will work if they get free money'. (lemm.ee)
submitted 10 months ago by [email protected] to c/showerthoughts
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Those seem incompatible to me.

(UBI means Universal Basic Income, giving everyone a basic income, for free)

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[–] [email protected] 3 points 10 months ago (1 children)

Why could that not have an explanation that is primarily about economic forces? They printed a ton of money around when Covid happened, and the distribution of wealth shifted significantly. I can buy that businesses could be eking out a little more efficiency by coordinating, but not that we are in a secret command economy and economics is basically all fake.

[–] orrk 3 points 10 months ago (1 children)

the "printing of money" has fuck all to do with inflation, and mainly comes from pop-economics that is stuck somewhere around mercantilism.

Corporation simply realized that they are playing the prisoner's dilemma with prices, and are now going for the "optimal solution"

[–] [email protected] 1 points 10 months ago (1 children)

How do you figure you can increase the number of dollars in circulation, while shrinking the economy, and not have each dollar be worth less wealth as a result?

[–] orrk 1 points 10 months ago

because the value of money isn't tied to the amount in existence, never has, even the rare metal backed gang is just extrapolating the value axiom by one