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1. :abunhdhappyhop: :abunhdhappy: :abunhdhop: :abunhd: :abunhdhappyhop: :abunhdhappy: (kaniini@pleroma.site)'s status on Thursday, 04-Jul-2019 21:14:42 EDT :abunhdhappyhop: :abunhdhappy: :abunhdhop: :abunhd: :abunhdhappyhop: :abunhdhappy:
   > ask how UBI won't cause inflation
   > "it's a VAT!!!!! we're not printing money!"
   
   yeah, you can prove UBI is inflation-safe with math, sure. but market economics have a psychological element.
   1. :abunhdhappyhop: :abunhdhappy: :abunhdhop: :abunhd: :abunhdhappyhop: :abunhdhappy: (kaniini@pleroma.site)'s status on Thursday, 04-Jul-2019 21:19:27 EDT :abunhdhappyhop: :abunhdhappy: :abunhdhop: :abunhd: :abunhdhappyhop: :abunhdhappy:

      in reply to
      to me, UBI seems like a temporary bandaid on a growing problem (good quality jobs being lost to automation).
      
      to solve this problem we need to find real solutions, not bandaids. capitalism only works in an economy of scarcity.
      
      automation of labor is quickly balancing this scarcity out, meaning we are approaching a post-scarcity economy. UBI tries to approach the problem of financial scarcity through injecting cash, but I fear it will be ineffective.
      
      i think, instead, we should be talking about what a post-market economy looks like.