Agreed it is a huge bag of worms and financial literacy in the form of education is the only meaningful prescription.

Just important to acknowledge our systemic shortcomings rather than frame our situation as one where land lords add any real value to the equation. They profit off of other persons ignorance. Which is fine when that’s your choice and simplicity is valued but when it becomes the default because housing for an entire generation has been over levered and over financialized to the point it’s out of reach for most without a privileged start.

Sorry if my passion plays tone deaf I just can’t drink the business as usual coo-laid at this point 😅

Can you reword your response to the scale of a country rather than an individual?

Primarily how basic income would increase competition for labour? Stating an anecdotal scenario where you have more opportunity is a nice thought but does little to support or dispose the proposal

I can appreciate the sentiment of wanting to give back to community when you’re grateful and many people do donate and volunteer their time for such causes.

Your point that it could remove the need for minimum wage is a scary thought when you consider the corporate obligation to maximize investor returns.

Its a valid argument but discounted when the general public has a high enough financial literacy to budget for “unexpected” expected expenses it’s not really unexpected when you’re 25 year old roof leaks or your 10 year old water heater fails.

The idea that rental property is historically a safe investment is the mentality that reinforces the speculative inflationary cycle that real estate is experiencing. Housing as an investment instead of a basic right is a failure capitalism has burdened us with in the sense we can’t correct it properly without ruining the equity of every homeowner unwittingly complicit in ownership.

It’s true supply and demand cause inflationary pressure on property but it doesn’t include perspective on what drives the demand. Huge influxes of immigration to fill gaps in the labour market primarily exploited by companies offering minimum wage creating a class of workers doomed to be reliant on the rental market or pool resources to purchase a property… the amount of homes I see with multiple families or extended family or rooms rented in these communities is a whole different can of worms but that’s the point of the universal income rant it sounds good in a vacuum but there are too many variables that it doesn’t account for

When you look at housing as a cash flow expenditure that most people pay in perpetuity the only defining factor being who’s name is on the mortgage the whole thing is criminal lol

I understand the principle behind the concept but believe it lacks depth and is a bandaid for a systemic problem. If you’re struggling to make ends meet there’s been a failure giving you more money isn’t going to solve.

You’re 100% right the cost of living is far to broad to make assumptions about which areas it would impact at scale but the net idea of you increase monetary supply and capitalism does what it does best.

It sounds good in a vacuum but when you take a step back and think about it in aggregate at national scale with monopolistic national supply chains that are poorly regulated I might add see fixing the price of bread 😂 it’s going to be something we can pat ourselves on the back for but is a big nothing burger :(

Thank you for your comment. I’m confident a towns economic capacity is of no consequence to the interconnected nature of national economics unfortunately. But am also woefully ignorant lol

Hi friends I didn’t actually click the link so my skepticism may be unfounded. But I have a few concerns open to criticism or validation lol

In a primarily private sector “market” supply chain etc does basic income not just put downward pressure on wages in the form of a pseudo business subsidy ick.

Or if everyone has the same level of income before labour income **without pricing control **we end up just raising the floor on the cost of living? Sure there are long tails where only nice to have things get more expensive but in aggregate.

I’m 100% for wealth redistribution and believe heavily in public goods so please don’t at me as a capitalist pig 🐽. Maybe I’m missing the mark but adding more money into our under served areas of society without thoughtful discussion about financial literacy and about where that money inevitability ends up we’ve already lost the plot on the program lol

Thank you if you made it to the end of my poorly punctuated run on mess ❤️