Viewing a single comment thread. View all comments

carol wrote

From what I've read about it I do think UBI could theoretically work, free money does get people out of poverty.

Capitalists will lower wages, this is not necessarily a problem if UBI is high, because it would make people less dependent on work. Landlords and banks will abuse it to increase the prices of housing.

For UBI to be good it has to be really unconditional, and high enough to comfortably live on; and to stay high in the long run it should be indexed to the real prices of housing, food, water, internet, gas. That's bad for inflation, but that's what I think it takes.

It probably should replace unemployment benefits, but some will also want it to replace things it cannot, like healthcare or disability checks.

UBI would likely fail because whoever implements it will compromise with those that want it to fail or want an awful version of it.

2