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Joined 10 months ago
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Cake day: January 24th, 2024

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  • What I’m saying about this amount of wealth is that it is because people were not paid the value of their work. They gained 20T over the years because that is what they make from underpaying and overcharging. That unregulated capitalism is the basis that leads to such obscene wealth. Redistribution is not about investment but changing the underlying system. It’s basically 58k of backpay. People would largely use it to get out of debt and improve their lives in some way.

    From then on with the system changed people are getting an extra 5,800/y. Enough for significantly more families to avoid food insecurity and get/stay out of debt. Those two things are the biggest helps you can give people to reduce crime, and improve communities. It doesn’t have to be much as multiple UBI studies have shown.