Post
Topic
Board Economics
Re: Crypto, Universal income and cryogenics the redistribution of wealth
by
o_e_l_e_o
on 07/09/2019, 20:31:06 UTC
Even if it's rent money, food money, water money, heating money, condom money, beer money that is given to somebody for free it still must be taken from somebody else. Even if we all get this minimum income, not all of us pay for it. And this is called wealth redistribution.
I agree with you, but this already happens in all Western nations to some degree or another: https://www.oecd.org/social/expenditure.htm
The OECD average is 20% of a country's GDP is spent on social welfare. USA is slightly below this at 18.7%, but there are some European countries which spend much higher amounts on welfare spending. If UBI is going to reduce the amount spent on welfare because of the reason I mentioned above (I'm not saying it will, but if it does) then surely it's worth looking in to?

Every socialist state that has tried to pay the poor class a living wage, give them free housing and healthcare has failed and gone bankrupt.
That's not accurate. Some of the top 10 economies in the world such as Germany and France are also in the top 10 for welfare spending, and also include social housing and socialized medicine.* They are not bankrupt, and in fact both have lower amounts of debt in terms of GDP than countries with much lower welfare spending such as the US and Japan.

*Socialized medicine is cheaper than the US medical system anyway, but don't get me started on that. US tax payers actually pay more in tax towards healthcare than citizens in most European nations, and they also have to spend thousands on health insurance and bills as well.