10 lines
628 B
Markdown
10 lines
628 B
Markdown
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title = "the problem with universal basic income"
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summary = "market forces on basic needs need to be abolished"
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date = "2018-03-16T02:00:00-00:00"
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source = "https://mastodon.social/@trwnh/99691112300163044"
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my only problem with UBI is if you're going to guarantee a basic income then why not just guarantee the basics and cut down on the bureacracy? also you can't just give everyone a lump sum of money and not expect a market to react to that flood of monetary supply -- market forces on basic needs need to be abolished
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tldr UBI is a bandage on capitalism in the same way the New Deal was, but even less accountable
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