this post was submitted on 30 Oct 2024
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"Necessary" (lemmy.ml)
submitted 1 day ago by [email protected] to c/[email protected]
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https://www.threads.net/@kamalahq/post/DBwSh-pMOIh

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[–] [email protected] 2 points 1 day ago

These guys could all stay millionaires and we could still solve our system’s worst distribution issues.

UBI actually makes billionaires richer, even with higher taxes. Money trickles back up to them. The problem with UBI is that it redistributes power, and the powerful want all of their power. Wealth "needs" to buy power.