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Remember those free checks we got from covid relief? Were you on unemployment at the time? That's what UBI could look like. It's not the best implementation but it wasn't the worst. We were looking at yet another historically hosed recession that could've lasted another decade, instead we reversed it completely. Poverty levels lifted. There was so much demand it strained our supply chain. All because we just gave people the money.
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Mar 14, 2022 18:23
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| # ¿ May 15, 2024 16:06 |
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RedSpecStu posted:We've already gone through this before when 99% of people worked on farms and had their jobs made obsolete by new farming technology. People worked more than 40 hours to earn less so overall this was a good thing. If you want an easier life with less work you have to oppose inflation, and inflationary policies like UBI Farms were not made obsolete by technology! Technology broke down highly skilled jobs, creating demand for a middle class workforce that farms could not compete with. It was farms that had to adopt technology to deal with the lack of willing workers, and the vast majority of family farms ended up selling to agribusiness anyway. Since the 1990's, technology has been breaking down middle class jobs. Most people have nowhere to go but to lower class jobs, with only some finding their way out through college, which itself has lower odds of landing a good paying job than it did 20 years ago. At some point technology will break down lower class jobs and we're seeing threats to this in various upcoming technologies. I'm not convinced inflation is something to worry about anymore. The covid relief money had no impact on inflation. The current inflationary pressure comes from the weakened supply chain, which should sort itself out by the end of the year. There's also, according to modern monetary theory, a lot more room to just spend since the US is the issuer of currency, but that theory is a bit over my head. Just keep in mind these things: The US approves billions in military funding every year without question, and the insane demand for US bonds is an indicator as to how investors really feel about the value of the dollar even with inflation.
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Mar 15, 2022 18:25
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Given that covid relief was passed under a republican president and senate, I think it's possible that UBI will happen under unexpected circumstances.
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Mar 17, 2022 18:34
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CommieGIR posted:It always turns into "How do we pay for it?" and then slandering the recipients as welfare queens/kings. Strangely, nobody was slandered (or libeled) for taking covid relief money. It's almost like there are contexts that can open the door to the concept.
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Mar 18, 2022 20:19
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