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The point of UBI isn't to sit in the pockets of the working class. It's to properly stimulate the economy while giving the working class spending money. It's meant to be spent, meant to go up the chain.
The biggest problem right now is non competitive markets that we have to pay into like housing, communications, utilities, and groceries. We need to get The trust busting hammer out. Competitive markets keep prices low. And for markets that can't be competitive, well they shouldn't be markets, they should be government agencies.
UBI also addresses the welfare chasm. In many cases, people on welfare who want to work can't, because working means they're ineligible for welfare but their income is less than what they make on welfare. It's a sort of trap that keeps many people in the welfare system.
UBI fills the gap, and allows people who want to work, but who are unable to work full time, or are unskilled and are qualified for only the lowest paying, entry-level jobs, to take that work, build skills and experience, and pull themselves up out of the welfare system.
UBI often assumes that it replaces welfare as we know it, but you'd get the same benefit if the bar for disqualifying welfare was higher, s.t. people could still claim welfare while working, until they reached some more sustainable income level.
It's not the main goal is UBI, but UBI would address this one very real issue we have with the current welfare system.
Means testing means not universal.
I frankly don’t give a shit if Bezos gets a $1000 check from the government every month, as long as the old lady with cancer, the 40 year old chronic pain sufferer, the working family with a 80k/yr income, and the 35 year old jobless dude who lives with his parents all get theirs too.
And most importantly take people out of the job market.
Working class people are becoming less and less competitive in the market because too much money is being extracted from them through rent/profit/interest and given to their wealthy competitors who already have an advantage over them. Both ends of the equation need addressing, which is why I think UBI is good but not enough without taxing wealth. That's just my opinion!
I agree. I wonder if we could create a class based Union. Like a union for anyone making x amount or less.