If you think of universal basic income as just "more money," you aren't understanding it and what makes it so different and effective.
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If you think of universal basic income as just "more money," you aren't understanding it and what makes it so different and effective. The fact it comes at a regular frequency is a key factor. When you know that whatever happens next month, you can still buy food, that's a huge deal.
It's STABILITY
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If you think of universal basic income as just "more money," you aren't understanding it and what makes it so different and effective. The fact it comes at a regular frequency is a key factor. When you know that whatever happens next month, you can still buy food, that's a huge deal.
It's STABILITY
@scottsantens
Hey, so when we had a first home buyer thing the price of houses went up by roughly that amount... What protects ubi money from just getting eaten by hikes in rent/groceries/utility bills? -
If you think of universal basic income as just "more money," you aren't understanding it and what makes it so different and effective. The fact it comes at a regular frequency is a key factor. When you know that whatever happens next month, you can still buy food, that's a huge deal.
It's STABILITY
@scottsantens No wonder the wealthy are against UBI. After all, they get most of their money via economic instability ("pump and dump", etc.).
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@scottsantens
Hey, so when we had a first home buyer thing the price of houses went up by roughly that amount... What protects ubi money from just getting eaten by hikes in rent/groceries/utility bills?@scottsantens @EndlessMason Well initially a lowish level UBI may not actually provide many families with a much larger income - the immediate aim as Scott says is to *stabilise* lower incomes. But anything eventually making poor folk richer needs measures against being predated: specific taxes that target wealth (LVT), controlling rents, regulating utilities etc can all play roles. UBI doesn't fix inflation or rent-seeking on its own, that's true, it's an important tool not a solo magic bullet.
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If you think of universal basic income as just "more money," you aren't understanding it and what makes it so different and effective. The fact it comes at a regular frequency is a key factor. When you know that whatever happens next month, you can still buy food, that's a huge deal.
It's STABILITY
@scottsantens everyone should be forced to be without a stable income for some period of their lives so they will understand this.
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