this post was submitted on 19 Feb 2025
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Implementing a UBI is a net positive action.First year of implementation would bring some inflation, but after that hings would propay get micb better.
An alternative would be to implement a global UBI at first. A global UBI would be about 30 USD per month and would eradicate extreme poverty worldwide at once
then nations could choose to implement a second part that wwohld increase the ammount to any level, preferably to a 75% of living wage.
Conservatives believe it will cost them their cultural purity. Purity is a huge issue for the conservative mind. Progressives and conservatives are both concerned with fairness, but the conservative version of fairness is more like making sure the right people get punished. Poor people need to suffer for the crime of being poor.
I always found it funny in the mid-2010s when the central bank was struggling to meet inflation targets why nobody seemed to suggest UBI could help fix that... seems to me that giving people money directly is at least as stimulating to the economy as dropping interest rates. Difference is one benefits capitalists, while the other benefits the working class...
maybe they should allow us to do fractional reserve spending to invent new money ;)