Showerthoughts

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A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. A showerthought should offer a unique perspective on an ordinary part of life.

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A universal basic income to the ultra wealthy would be perceived by them as being given a couple pennies every month (lemmy.world)

submitted 7 months ago* (last edited 7 months ago) by [email protected] to c/[email protected]

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The way someone with $100,000,000 would perceive $1000 is how someone with $100,000 would perceive $1.

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[–] [email protected] -1 points 7 months ago* (last edited 7 months ago) (1 children)

It decreases with income, as I said. If we give $2,000 to everyone making under $60k, for example, then decrease it for every few bucks you make. You’d probably have to do something like a 10:1 ratio where is you make $60,010, you’d get $1999 and so on. That would mean people making $80k or more don’t get anything. And they don’t really need it anyway.

But regardless, UBI, even under Yang, is always an attempt to destroy and replace our current welfare system. Poor people would barely get any more than they currently do under SSI

[–] [email protected] 4 points 7 months ago (1 children)

Your assumption that SSI would be somehow removed or replaced is shit. Universal basic income should never be based on income, it goes against the entire point. Universal basic income would be on top of any existing benefits and wouldn't impact any other benefits.

[–] [email protected] 0 points 7 months ago* (last edited 7 months ago)

Except that was Yang’s plan. That’s how it works when it’s been attempted at a federal level. Not to mention that’s the only way it would pass. It’s not BS when that’s literally how it’s been proposed in US law. Some proposals even remove SNAP along with SSI.

There is no assumption being made here.

Edit: here’s an excellent explanation of why it won’t work: https://www.rebelnews.ie/2021/07/05/universal-basic-income-socialist-case-against/