this post was submitted on 09 Jan 2024
312 points (91.7% liked)

Showerthoughts

29679 readers
2150 users here now

A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. A showerthought should offer a unique perspective on an ordinary part of life.

Rules

  1. All posts must be showerthoughts
  2. The entire showerthought must be in the title
  3. Avoid politics
    1. NEW RULE as of 5 Nov 2024, trying it out
    2. Political posts often end up being circle jerks (not offering unique perspective) or enflaming (too much work for mods).
    3. Try c/politicaldiscussion, volunteer as a mod here, or start your own community.
  4. Posts must be original/unique
  5. Adhere to Lemmy's Code of Conduct-----

founded 1 year ago
MODERATORS
 

Those seem incompatible to me.

(UBI means Universal Basic Income, giving everyone a basic income, for free)

you are viewing a single comment's thread
view the rest of the comments
[–] Ilflish@lemm.ee 2 points 10 months ago* (last edited 10 months ago)

I agree with universal basic income and also believe it will cause issues. The only way it works is if regulations are put in place to avoid making it useless. The rich can spend large amounts to find loopholes so basically the government will have to provide a bunch of guidelines and when the government steps in people get mad. Even if the pool of money is the same, the pool of money in each market may not be. Stocks and Yachts (extreme example) may go down and investment in rent or cheap food would go up, therefore demand and therefore prices. An alternative would be to make UBI use a separate commodity but it wouldn't really fix the problem as it would likely mean that the commodity could only be spent in select stores and there not provide the freedom it should.

Unfortunately, its a matter of needing real investigation into the market as there's a chance it could drastically backfire.