You must log in or register to comment.
Trickle-down doesn’t work. Trickle-up does.
You want rich people to have more money? Distribute funds to people, and let business compete for those new customers.
I’m good with either Trickle-up or Middle-out. Anything is better than Trickle-down and that people still believe that con is ridiculous. If anyone advertises Trickle-up, it should instantly be a sign to not trust that person.
Wouldn’t it be great… People would no longer need to work two jobs to survive, heck some might just stop working altogether - which is great, as it creates an undersaturated job market where employees have way better footing to negotiate.
The only people this doesn’t benefit are the uber-wealthy who rely on people needing to work in order to bleed them dry - and for that reason alone, it may very well never come to fruition. Bloody shame ain’t it.
I still worry that prices would compensate for the additional income simply for added profit. We see it already without UBI.
I want to believe in UBI. How do we combat this?
Nah. The price will keep low to fit in with the UBI. If the price are too high people will simply not buy. It has even a positive effect on the salary. People will work for more money as you reverse the power. People will work but if it give them a good amount of money otherwise they will use the UBI. The capital can’t have capitalize as it does actually. It will be a lot less in favor of the worker. It change the entire dynamic on peut to see a worker, a price, etc.
This is partly why the corporations don’t like the idea. They will lose a lot of power with a new actor.
I think you’re mixing up UBI with basic welfare. Main point of UBI is that it’s given to everyone regardless of their income. From the poorest of homeless to Musk and Bezos.
I know the difference.
That’s not how money works. It would cause massive inflation
More massive than we’re already experiencing because practically every major corporation decided to jack up prices based on the fact that bigger numbers exist?
UBI is a redistribution of money, not a creation of money. The net total is the same, so in theory there is no inflation.
Now this is the way the trick works
https://libcom.org/article/great-money-trick-robert-tressell
The only real tangible information that I can assume is correct from this experiment is the drop down to 12% for being un-sheltered. The rest seems to be less concrete. What poverty stricken person who was being trialed for getting $750 a month for a year would say it wasn’t helping, or that they spent the money on drugs, cigarettes, and alcohol? Were the people chosen for the program chosen at random or cherry picked?
I don’t mean to say that a basic income is a bad idea or that it doesn’t work. I actually think it does work. I just don’t believe the results of this particular study at the face value of the article, or the truthfulness of the answers the people in the study gave. Only 2% of the money was spent on cigarettes, alcohol, or drugs? Really? That’s only $15 a month. In California. That’s only a 12 pack of cheap beer or like 2 packs of cigarettes. No way is the average of 100 random poverty stricken people only going to average out to $15 a month for that.