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Originally Posted by blankall
Do people honestly look at this pandemic and see positives in the economy and positives for the argument towards UBI?
The economy is in shambles. The government is printing money to keep afloat. Small businesses are closing down left right and centre. There's a massive wealth gap widening between those that own capital and those just trying to stay afloat. Credit debt is mounting. People cannot pay their rent. We're facing a massive wave of layoffs....do I need to go on.
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UBI would eventually have to be at least partially funded by private industry through profit sharing. I don't think you can use COVID relief as a fair model for how it should work, but rather as an example for why a planned UBI would be beneficial.
There is really no practical reason for CEOs to be making billions upon billions every year never to be put back into the economy. Most of the capital sits idle and benefits no one. We used to put up with it because at least they were providing jobs. As automation improves and corporations keep actively pursuing ways to reduce employment while increasing profits, it's not a sustainable economic system. The government needs to ensure a strong middle class as it is the backbone of capitalism.