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by winestock 3446 days ago
Two points.

First, income from rent (say, for real estate) isn't divorced from work. The landlord has to make some arrangements for the upkeep of the property. The renter, by virtue of being a renter, can't be responsible for everything. If nothing else, the landlord must make and maintain a business relationship with a property management firm.

Second, critics of universal basic income have not neglected to note the destructive effects of the lack of useful labor among the upper classes. The decadent aristocracy has been a trope in fiction, history, and priestly sermons for ages.

Anti-Enlightenment scholars and traditionalist Catholics have pointed out that the nobles in the Vendee worked the fields much like the peasants. The nobles had more land and better land, but not extravagantly more. The Vendee and Brittany launched the counter-revolt that nearly ended the French Revolution. It was the provinces whose nobility were busy buggering mistresses in Versailles and Paris that fell most easily to the Jacobins.

2 comments

Rent is said to be divorced from work for the wealthy people who did nothing and inherited their large dowry, buildings and land owned. The wealthy inherited person receives income without doing any "work". Sure, it's difficult getting up, taking showers and eating breakfast, figuring out what charitable function to go to that weekend, but some people don't call such folks with inherited wealth "working". Yes, having a place to rent and live in NYC is certainly useful for society. But the people with inherited wealth who own such buildings and receive income for doing nothing more than paying some firm to take care of their building aren't really achieving much. You could make a similar argument about say my investments in mutual funds in my 401k. I will (hopefully) make money off those investments. If I became very wealthy and say my grandchildren inherited them, I'd be happy my children had assets to help take care of them, but my offspring would be part of the rentier class.

Why is it a trope that some wealthy people don't do any work? It's no doubt true. Look at some of Trump's kids. Of course some wealthy people do lots of work.

Interesting to hear about 'the Vendee'. It's certainly true that the vast majority of nobles were not like that.

How will people feed their families if there is no longer paid work? This is the question UBI tries to answer. Would it be better if the government required people to shovel sand from one heap to the other before giving them handouts?