this post was submitted on 05 Feb 2024
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Iβll praise anything that can kill work under UBI. Without reform, I worry the rich will get richer, the poor will get even poorer and it leads to guillotines in the square.
Under capitalism the rich will get richer, and the poor poorer. That's the whole point of it. Guillotines are a solution to get UBI.
Your last sentence is where I fear we will end up. The very wealthy would be wise to realise it and work reform themselves.
I disagree that capitalism, at least in the way I understand it, always leads to rich getting richer, poor getting poorer. Many European countries have a happy medium that rewards risk-taking while looking after everyone. While most still slowly get worse on the Gini coefficient itβs based on pretty much the 0.1% pulling away and away, while the rest of their societies actually stays roughly the same. So really they only have the top of the top of the top to deal with, whereas a country like the US has a much larger, all-encompassing inequality.