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RE: Universal Basic Enslavement

in #news6 years ago

You don't have a very solid understanding of UBI. I don't disagree that the way we create money currently is nonsensical, but your aversion to UBI is based on a lack of knowledge.

For example, you listed inflation as a major barrier, which shows you don't understand UBI as a transfer of existing money, and not an inflationary model of monetary expansion. Yes, everyone receives UBI, but everyone pays for it too, so it's not at all a "free lunch", it's just a lunch that people pay different amounts for depending on their level of income and wealth.

It's helpful to think of UBI as a fully refundable tax credit paid for by the elimination of many welfare programs and also many existing tax credits. We can simplify what we're already doing in a way that makes more sense, reduces the size of government, and improves outcomes.

A lack of money is a big problem. It's expensive. It leads to sickness and crime. It distorts markets. It prevents entrepreneurship. It also reduces the customer base which is bad for businesses.

I really suggest looking into it more, and questioning what you think you know, because what you know is severely lacking when it comes to UBI.

https://medium.com/basic-income/if-you-think-basic-income-is-free-money-or-socialism-think-again-4a17e8d15b1