48
Universal basic income is 'straight out of the Karl Marx playbook,' financial guru Dave Ramsey says
(www.businessinsider.com)
this post was submitted on 03 Jul 2024
48 points (80.8% liked)
A Boring Dystopia
9872 readers
1174 users here now
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--If a picture is just a screenshot of an article, link the article
--If a video's content isn't clear from title, write a short summary so people know what it's about.
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Ramsey has been a shitbag for a long time. This is no surprise.
My parents gave me a subscription to his financial university program a number of years ago. Some of the basic concepts are great, like the debt snowball. On the other hand, he places the blame for insufficient income on the people; if you simply can't cut enough expenses, then you need to earn more money, so get a better job you lazy schmuck. ...As if that actually worked for most people. It entirely ignores economic realities, where a large number of people have to lose so that a very few people can win.
The snowball method can be helpful in a psychological sense, but it's less than ideal from a financial standpoint. (You can pay down debt faster with more conventional methods, IF you stick to them.)
Right, like if I'm remembering terms correctly, avalanche is the way to go, highest interest first. Dave Ramsey is awful though, doesn't take much to figure that out.