This is an interesting thread. Part of what he misses, tho, is that these changes aren't all caused by outside forces. His grandfather retired at age 50 and received a pension for 30 years. Where does he think that money came from? Answer: medium taxes on his parents. https://twitter.com/FarmerIsidore/status/1105461659735334912 …
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I agree with you entirely on those two points!
End of conversation
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It's very simple, the price of debt (interest rates, basically) will go up by exactly the amount necessary to compensate the lenders for the Jubilee.
End of conversation
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In light of that and the fact that we will not fix it before, why is UBI anathema? Pic relatedpic.twitter.com/JgZETSvbfm
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Because taking at gunpoint what's not yours from the productive, and giving it to the wantonly unproductive, is evil. The fact that you respond to me stating "if UBI is implemented, I'll go from significant taxpayer to UBI leech" with kudos is terrifying.
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