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by jostylr 2240 days ago
It is explicitly about wealth redistribution, one in which there is no skewing of paying people to be in a certain state other than alive (which welfare systems are doing). Of course, no money needs to be taken; inflation can do that for us if we prefer uncontrolled recapture.

Under a basic, reasonable fair model, random economic flows in a free market will tend to have all the wealth accumulated by a few: https://www.scientificamerican.com/article/is-inequality-ine... Depending on the redistribution amounts (not specifically UBI, just aggregate), differing levels of oligarchy will or will not form.

UBI allows for a very gentle way of avoiding all the wealth captured by a few. You could think of it as economic transfers tend to create blackholes and UBI pumps some of the accumulated matter back into the universe to keep activity flowing.