UBI works, but in places like Austin almost all the money goes in to paying for housing which isn’t affordable.
Discussion
Isn't UBI financing basically creating inflation that causes unaffordable rent?
No. It's caused by people with higher incomes wanting more of a limited supply of housing and property owners capitalizing on the demand by raising rent.
“Rent seeking behaviour”
Sorry Annie--but also not true.
It sounds good to "blame the rich" but it's simply not he case.
The increase in rents you're seeing now are directly related to inflation, which is secondary to money printing by the government, in order to fund the entitlements needed to purchase votes.
End the entitlements--end the money printing--and housing becomes affordable.
(Not trying to be argumentative--only pointing out the economic factors in play)
you're a fucking idiot.
feel free to ask me why.
you're talking to a vegan with purple hair.
he thinks men are equal to women and to cows and chickens.
good luck explaining to him how some people do not deserve to have things other people have.
What is the root cause of why housing isn't affordable?
Too much money chasing a limited supply. Cuties like Austin have an influx of people with higher incomes who are willing to pay more for properties that used to be affordable. Austin used to be an affordable college town. But now attracts people with six figure incomes.
I heard Austin called "the San Francisco of Texas" the other day.
UBI actually doesn't work--if you look at the economics, it's only a temporary band-aid.
Just one more example of something that sounds like it should work, but doesn't.
(Sorry to be the bearer of bad news)
There’s a lot of evidence that basic income support does work to lift people out of poverty. The thing is we don’t have the economic or political system that makes rolling it out universally to be practical.
You may feel that way, but the math simply doesn't work.
Someone has to pay for that (like any entitlement) and then (over time) prices rise to compensate--and you're right back where you started.
It's all "economic propaganda" - people want "free stuff" and if they think they can get it, they'll vote for it...and then we end up with dystopian governments in charge.
Take a course in macro economics...I'm sure it'll be covered.
If people has the minimum they need to pay or help them pay for their expenses, they get themselves out of poverty by studying instead of working at a very young age or working for unreasonably long hours just to be able to survive. Every developed country can pay a minimum to the elderly (especially if they don’t have a pension or their pension can’t help them cover their expenses) and peoples in need; this needs to be prioritized in the budget of the governments and donations can be collected to sustain it.
*people
anyone who thinks socialist money substitutes are any good and on the same page talk about bitcoin are hilarious
the central banks, and tech companies now also, are herding people into mental prisons by manipulating their access to the market via money and AI filters
anything that they do has to be assumed to be evil, and anyone who doesn't recognise that is a patsy
Think a bit longer 