Scott Santens @scottsantens.com

Universal basic income means that everyone gets money. Those who get more in UBI than pay in higher taxes will spend it in businesses like grocery stores and restaurants, which then in turn becomes the wages for the workers at those businesses who would get their paychecks in addition to their UBI.

1 replies 12 reposts 52 likes

Angharad @angharadhafod.bsky.social [ View ] Jul 03, 2024 at 14:14 UTC

I fully agree with UBI. But the second sentence of your paragraph sounds (if I understand it right) very like the argument for trickle down economics, and it's been discredited. If people have more money than they need they end up saving it or using it for other things - like property investment.

2 replies 0 reposts 2 likes