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RE: UBI: Unemployed funding the 1%

in #politics7 years ago (edited)

First of all, in Finland it is possible that the person at the local super market packing shelves owns an investment flat. It just takes years of saving, like it does for pretty much anyone. And well the harsh truth is that most people packing shelves just don't know that they also could build wealth if they wanted to.

Secondly, I really like the idea of universal basic income, but I think that in a bigger scale it would translate into the increased speed of inflation. Which in return would mean that either we would need to keep pumping more and more money into the system or inequality would get out of hand. More money doesn't translate into better use of money, it translates into more spent money. And the wealthy know not to spend money, making them more wealthy.

On a personal level I wouldn't mind an extra 1000€, but I'm concerned for those that would need to live on it.

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And well the harsh truth is that most people packing shelves just don't know that they also could build wealth if they wanted to.

I agree with this.

lol.. bbl. baby.