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John SPOOOOOOOOOPY Keynes
@bnr-keynes.bsky.social
The super famous economist, but not really. Now with socialism roses, a legal observer cap, and hipster glasses (he already had the mustache). Lawyer, policy analyst, activist, twin dad, lefty. He/him. "We should improve society somewhat." - Matt Bors
61 followers138 following1.1k posts
JSbnr-keynes.bsky.social

ubi in its radical form is a massive, ongoing downward wealth transfer, which obviously you cant really simulate with a local pilot at 1k/mo (chalk this up to this being a sam altman project) iow, ubi is really *more* about wealth inequality than it is about income inequality

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JSbnr-keynes.bsky.social

just to elaborate on this - ubi doesnt imagine that everybodys incomes will be equal this is the *basic* income - there will be much higher ones but funding the ubi requires the ongoing transfer of hoarded wealth into the program, thereby theoretically making billionaires impossible

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JSbnr-keynes.bsky.social

i 100% agree that cutting people a few hundred bucks a month solves nothing, but again, 1k/month isnt a 'basic income' 'basic income' satisfies your basic needs, which is monstrously expensive to fund it, you need to extract the concentrated wealth and distribute it

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John SPOOOOOOOOOPY Keynes
@bnr-keynes.bsky.social
The super famous economist, but not really. Now with socialism roses, a legal observer cap, and hipster glasses (he already had the mustache). Lawyer, policy analyst, activist, twin dad, lefty. He/him. "We should improve society somewhat." - Matt Bors
61 followers138 following1.1k posts