Quote:
Originally Posted by Flashpoint
Agreed, but good luck with that when the local politicians are so heavily influenced by real estate developers and political campaign contributions (at least here in the US).
I'm open to UBI as a concept. I just don't see how it improves things for your average joe when the system is currently set up to transfer wealth from the lower income groups to the higher income groups.
The fact that there has been no effective refutation of the "jack the rent" scenario indicates to me that it's a simplistic answer to a much more complex problem.
As a society we'd be better served to take tax money and put it into free education and health care to lift people up, than cash that even Yang acknowledges a substantial portion of will go straight into the pockets of the wealthy.
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I'm not sure how it works in the U.S., but couldn't States start implementing tighter restrictions on rent-gouging? Here in B.C. there's a formula that essentially ties rent increases to inflation and some other factors. For instance, in 2020, landlords were only allowed to increase rent by 2.6% (and they're only allowed to increase it once per year).