Post
Topic
Board Economics
Re: Crypto, Universal income and cryogenics the redistribution of wealth
by
sana54210
on 07/09/2019, 17:18:58 UTC
LeGaulois you are still quite wrong and you are failing to understand why you are wrong either. UBI is not money you get freely that makes you live without working while people who work make 3% more than you. No, it is an income that is given to you so you can pay for regular stuff that keeps you alive, like a shelter or food or stuff like that, it is not a lot of money and you can't survive on that, it is like welfare in USA which already exists.

People who work are making 1000%+ more than UBI, assume it like this, in a third world country where someone gets 50 dollars in UBI to be able to live, there will be people making 300 dollars for MINIMUM wage, so people would be making 6 times more by just working in McDonalds, anyone who makes a decent wage would be around 700-1200 dollars range and the rich is still rich like doctors would make 5000+ dollars.

So, in the end UBI would be BARE MINIMUM and not something you can live with, it is just prevention for homelessness and not a way to just not work and live. So it is not like 950 versus 1000, it is more like 100 versus 1000, it doesn't get anything remotely similar to minimum wage, nobody wants to live 10% of McDonalds' wage.