No it won't because retailers will still have to compete.
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More propaganda JP? Let me guess. "UBI doesn't address the fact that while people are starving and homeless, they need 'meaning' and not money". These anti-UBI arguments are so think-tanky and predictable in their purposeful diagnosis misdirection. Thank you Heritage Foundation.
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This is also worth the read https://medium.com/emergent-culture/an-exciting-new-idea-in-basic-income-b1b7bf622845 … "Recently, however, I was introduced to a nice model by futurist
@KartikGadaATOM that quite neatly cuts this gordian knot: let technology pay for it."@AndrewYangVFA What are your thoughts on this solution?#ubiThanks. Twitter will use this to make your timeline better. UndoUndo
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"However, if the program is indeed universal, inequality would remain the same, as everyone gets the same amount and the distance between people on the income ladder remains unchanged." Wrong. Same amount =/= same marginal effect. Poor ppl need $100 more than rich ppl.
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The fact remains that some people are unemployable for a variety of reasons,these people are condemned to a life of poverty and an early death if left without assistance
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For instance; the statement “ inequality would remain the same, as everyone gets the same amount and the distance between people on the income ladder remains the unchanged” is plainly wrong.
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the headline unemployment rate in US is currently very low, but the real problem is the polarization of wealth. there are lots of menial jobs that dont pay anything while a few plutocrats at the top accumulate an ever-growing % of the total wealth of society.
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One of the most productive moves I’ve made towards my own happiness is not valuing myself based on occupation.
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this universal tendency of capitalism towards wealth polarization is why even free-market and libertarian economists such as Friedrich Hayek and Milton Friedman have been UBI supporters, its necessary for the stability of the system.
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