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Cost of living rule (lemmy.world)

submitted 1 day ago by SoftestSapphic@lemmy.world to c/196@lemmy.world

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[–] humanspiral@lemmy.ca 2 points 1 day ago* (last edited 13 hours ago)

A UBI without pegging it to the cost of living, without price controls, and without significant changes to our policy around labor would be mind-boggingly bad.

Andrew Yang's branding of UBI as freedom dividend was useful in addressing those issues, because it's no longer about basic, and more about a shared dividend in prosperity, with tax revenue going up with inflation and profit growth, and so dividends going up along side it. UBI is a change in labour policy without planning: The freedom to say no to work, means better quality job offers. The less anyone else wants to work, the easier it is for anyone who wants to, to be rich.

We need drastic change to the way this works, and a UBI is a not-insignificant part of that, but it is only part of it.

It's actually all of it. If your labour is not needed, and profits happen anyway, then we all get a share of that. There is always entrepreneurship, education, retraining to pursue useful contributions to society.