Are you in support of UBI?

posted 12 days ago

Hello, I’m not that informed about UBI, but here is my arguement:

Everyone gets some sort of income, but wouldn’t companies just subside the income by raising their prices? Also, do you believe capatilism can co-exist with UBI?

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ObjectivityIncarnate@lemmy.world

0 points

12 days ago

This is completely unrealistic.

A UBI of just $10,000 a year, and only to all working age Americans, would still cost several trillion dollars, every year.

Even if you could wave a magic wand and convert the combined net worth of all of the US’s billionaires to cash 1:1, that cash wouldn’t fund even that meager amount of UBI for more than a couple of years.

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DudeDudenson@lemmings.world

5 points

12 days ago

Sorry we don’t allow simple math in lemmy.

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