Ask Lemmy
A Fediverse community for open-ended, thought provoking questions
Rules: (interactive)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com.
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.
6) No US Politics.
Please don't post about current US Politics. If you need to do this, try !politicaldiscussion@lemmy.world or !askusa@discuss.online
Reminder: The terms of service apply here too.
Partnered Communities:
Logo design credit goes to: tubbadu
view the rest of the comments
I'm not sure I agree that UBI is the best way to solve this, but we are in agreement about the massive flaw in capitalism. When the richest man extracts the final dollar from his rival, capitalism is over. Money has no meaning because no one has any except for that one guy. That's an impossible extreme, but it demonstrates the fundamental flaw that without money circulating, there is no economy.
Putting money into the hands of the poor stimulates the economy. It gives them some ability to participate beyond the simple need for shelter and sustenance. Anyone with no discretionary income has no role other than demand for basic necessities (that's not intended as an insult, that's the reality of a wealth-based society)
That being said, handing money out to everyone has an inflationary effect, so there would have to be some thought put into countering that. And I guarantee payday loan places would find a way to keep the poor impoverished.
Anyway yours was a good comment I thought I'd piggyback into. There are flaws with UBI, but unfettered capitalism is unsustainable and it certainly one way to address the issue.
I wasn't saying it was the best way, just a way. I'm not sure if it is the best. But the most simple way to make sure everyone's basic needs are met is to give everyone their basic needs and then figure out who has enough to give to others.
The flaw with capitalism is that someone of no "value" gets no value
If a company can lay off one worker and become more efficient, that is great in capitalism. Just the one worker gets screwed.
If that worker was say a robot where you could sit it on the shelf and not worry about it, then that's fine. But that worker is a human with needs and capitalism doesn't help that person because they have no "value".
The idea that we have to manufacture jobs for these people to "earn" money to live is another solution.
It can stimulate the economy, it's not a guarantee.
Always enjoyed this story:
Two economists are walking in a forest
The first economist says to the other “I’ll pay you $100 to eat that pile of shit.” The second economist takes the $100 and eats the pile of shit.
They continue walking until they come across a second pile of shit. The second economist turns to the first and says “I’ll pay you $100 to eat that pile of shit.” The first economist takes the $100 and eats a pile of shit.
Walking a little more, the first economist looks at the second and says, "You know, I gave you $100 to eat shit, then you gave me back the same $100 to eat shit. I can't help but feel like we both just ate shit for nothing."
"That's not true", responded the second economist. "We increased the GDP of the forest by $200!"
You touched on one reason it wouldn't be guaranteed.
Giving loans to people would be better than UBI. UBI should be viewed as a loan and not free money. If you were ever able to pay it back, you should.
Another problem with capitalism is that a potential worker has no time to hold out for better options. You're 18 and poor, you have to accept the first job offered as fast as possible or you won't have shelter or food.
Giving these people a loan or UBI means they can get by until they find something that benefits them. If they want to tell the fast food place "I'll do it for $15 and not $12 an hour" it's possible
It's crazy that the difference between $12 and $15 is 25%. A 25% raise is a large one.
I appreciated reading your comment!