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by brightlancer
933 days ago
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A universal basic income, that is an income which is _universal_ and _fixed_ in its amount, will only create inflation: everyone gets equal additional money, everyone gets additional purchasing power, everyone creates more demand, prices go up. A stronger economy is always better, but politicians usually manage to screw that one up, also. But I don't think all of that is a major issue here. Microsoft and IBM are taking open-source projects and closing them up. Google is offering FLOSS projects to get users, then poisoning the well. I don't know what's happened to Mozilla, but it's destroying itself. Lots of individuals are still writing FLOSS projects, but hobbies get picked up and dropped often -- for something to last, you usually need an organization (even if it's just 3 people) and it can easily become a _job_, even if it's a non-paying job. Even if their finances are fine and they still have spare time, most folks don't want a second job with a second source of deadlines and stress etc. And if a for-profit giant sees their project and offers them a LOT of money to stop working on it, most folks will say yes -- even if they were making decent money already. |
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Not really, it will also redistribute wealth.
Let's say I have $1000 and you have $100. If we get additional $100 each, your purchasing power would now be 2/11 of mine instead of 1/10, even with prices adjusted for inflation.
I'm not advocating for UBI though – stronger economy is the more sustainable solution here.