UBI is kind of cool but it has some massive flaws. For example: Landlords and groceries can just raise prices to bring the cost of living up and since there are no rent/price controls (because "that would be communism") we'll be right back to where we started. What you want is Universal Basic Services. Anything you need to live is free. Literally impossible for anyone to game that system and equally impossible for people to slip through the gaps, but it's also never going to happen because "that would be communism"

So yeah this is why capitalism has go to, because any attempt at actually making a just and fair society will be dismissed as "being communism"

[–] lolcatnip@reddthat.com 62 points 2 years ago (4 children)

Landlords and groceries can just raise prices to bring the cost of living up

Sigh. People make this braindead argument every single time this subject comes up. No they can't. Markets do not work that way. It's literally just a repackaged argument against minimum wage and it has been thoroughly debunked in that context.

[–] trailing9@lemmy.ml 9 points 2 years ago

Have you seen how housing prices rose when interest rates were low? Markets work that way because consumers outcompete each other, at least in the housing market. You need a surplus of supply, like the corn market, to keep costs low.

Like @espi wrote, you need fierce competition in all markets.

load more comments (3 replies)

load more comments (41 replies)