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UBI Cash Payments Reduced Homelessness, Increased Employment in Denver
(www.businessinsider.com)
this post was submitted on 06 Oct 2023
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Remember, we know how to address many of the world's problems, including poverty, homelessness, and climate change.
But those with capital in society choose not to.
Those with capital profit off of not doing so.
Like the one recent CEO saying the quiet part aloud by saying government should promote higher unemployment, since in the high employment environment employees aren't desperate and have more demands costing him money. That employees arent feeling enough pain and despair in economy.
To be fair, this isn't that far away from the economic theory underlying using interest rates to manage inflation - it's just phrased in a different way.
That's the problem with fractional reserve banking it's making up money for those who lend theirs. It's about extracting value from those who work for those who accumulate. It's not a tbf, it's a this is also an issue in every area of our society.
I recently heard it phrased like this:
Capitalism is built on hierarchy, which means someone fundamentally NEEDS to be at the bottom. There is no way around it, someone needs to suffer.
But if we raised the bottom up enough, it wouldn't really matter if they were on the bottom. Many people would be happy if they had a stable place to live, food, healthcare, and freedom, and many don't really need or even want "more" all the time. The problem is the vast differences in wealth and ownership.
In most cases, yes; but in this case in particular, with UBI increasing the buying power of the poor, those with capital would actually profit off of implementing such a service. No, this one boils down to good old fashioned classism.