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by linuxftw
2717 days ago
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> UBI is meant to cover the very basics, like a food and varying amounts of housing (depending on the local housing market). For some, it operates as a dividend that helps make ends meet on top of their regular work, especially in high cost areas. This merely will keep wages low (what currently is happening) by subsidizing poor pay. Many cities have subsidized housing (and/or rent control). The net effect is these people can 'afford' to live in areas while making lower pay. Without subsidized housing, employers would literally have to pay more or rents would have to go down; there wouldn't be anyone able to sustain the rents. The big difference is, with subsidized housing, society has created a captive poverty tier. |
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Many wealthy people who live in rent-controlled or property-tax capped housing benefited handsomely from the huge tax break passed by the previous Congress. Some of them have normal income but large inherited wealthbheld in securities like stocks, which also appreciated due to the corporate cuts. They can afford to live in places their income couldn't otherwise support. Your logic applies equally to that situation. You will always find people who you can argue unfairly benefit from a redistribution scheme.
At least with subsidized housing the program is government administered so it can be accounted for when considering UBI.
UBI doesn't erase the reality that some people got a better deal in housing, or life, but for a huge number of people who are scraping by, it helps put a floor under them.