Tuesday, January 28, 2020

Just say "no" to helicopter money

Universal Basic Income [UBI] sounds great, but what are the downsides?

UBI is a capitalist solution to problems caused by capitalism. It is like giving money to robbery victims without doing anything about the robbers.

People will spend the money right back into the rotten system we already have. Buying more unhealthful cheap food and more useless consumer products like cars.

Since the "tax money" went to UBI, the elites can say "oh no money for public health, public education, or public transport, but you have $1000 a month now, go buy it on the free market!"

Instead, we should fight for free services: health, education, transport.