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Universal Basic Income advocates want to give everyone $1k a month. - your boss will use this as an excuse to cut your salary. - your landlord will use this as an excuse to raise your rent. - your congressmen will use this as an excuse to slash benefits and lower minimum wage.
It isn't a coincidence that billionaires love this plan. Workers will still have to work for them in order to live, and pay their landlords for shelter. Property values will go up. Business costs will go down. Workers will not be empowered.
The plan will cost three trillion, almost the entire federal budget, including social security and medicare. Every benefit that aids the poor will have to go, or your taxes will have to double. The poorest people who need the most help will end up worse off.
Every year Americans pay half a trillion in rent. Why not start with universal free public housing? Because it harms wealthy property owners. UBI advocates want a future where the rich remain in charge forever and the poor get the scraps.
There a billionaires who are big fans of universal healthcare, and universal education, and even job guarantees too. And back in the day, it was Henry Ford who together with unions shortened the work day and raised the wage. Why? Because it was good for business and for workers.
Unless the Basic Income is being paid thru wealth taxes or some other Progressive tax it will be just as Progressives fear. However if it funded by breaking the concentration of wealth I can only see benefits to society (to be clear a Basic Income for those in need, not UBI)
Isn't this how capitalism works?
This literally makes no sense. Just because I have more money doesn't give landowners greater comparative leverage.
Unless UBI is finaciaced from monopoly rents and damaging externalities imposed by the elite on the rest of us. It all depends how UBI is financed. Try holding more than one concept in your head at one time- it can be done with practice
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