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by EGreg
2675 days ago
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Bat Area employees pay so much because of gentrification, inequality and concentration of wealth. A UBI is simply a progressive tax to counteract the usual economic forces that let the richer get richer: they can afford bigger switching costs, they can afford to take more risks, they have amassed more patents and technology like AI, loyal engineers and so on. UBI can be adjusted to simply redistribute the money in the system back so everyone has a floor, and can also afford to take risks without worrying about access to the expectations and necessities of modern life. Sure inflation happens anyway. Everyone already eats. Giving everyone food stamps isn’t gonna change that. |
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