this post was submitted on 24 Jun 2025
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So you're saying that UBI would lead to higher costs of living, because companies can charge more because people can spend more.
Then, explain to me, how did it come that in the 1960s, Americans were wealthy? How could they afford so much stuff back then? Corporate greed already existed back then; why didn't it just eat up the wealth of the citizens?
Oh, don't get me wrong — my position has never been that UBI can't work under the right conditions.
My position is that UBI cannot work without very major changes first. I don't doubt that UBI can inject a lot of good into an individual's standard of living — without some kind of regulation associated with it, which requires those regulatory agencies to not be inherently corrupt, UBI seems impossible.