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UBI Cash Payments Reduced Homelessness, Increased Employment in Denver (www.businessinsider.com)

submitted 2 years ago by zephyreks@lemmy.ml to c/worldnews@lemmy.ml

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[-] darq@kbin.social 181 points 2 years ago

Remember, we know how to address many of the world's problems, including poverty, homelessness, and climate change.

But those with capital in society choose not to.

[-] Omega_Haxors@lemmy.ml 51 points 2 years ago

Those with capital choose not to

Those with capital profit off of not doing so.

[-] variaatio@sopuli.xyz 30 points 2 years ago* (last edited 2 years ago)

Like the one recent CEO saying the quiet part aloud by saying government should promote higher unemployment, since in the high employment environment employees aren't desperate and have more demands costing him money. That employees arent feeling enough pain and despair in economy.

[-] DogMuffins@discuss.tchncs.de 12 points 2 years ago

To be fair, this isn't that far away from the economic theory underlying using interest rates to manage inflation - it's just phrased in a different way.

[-] SmoothIsFast@citizensgaming.com 5 points 2 years ago

That's the problem with fractional reserve banking it's making up money for those who lend theirs. It's about extracting value from those who work for those who accumulate. It's not a tbf, it's a this is also an issue in every area of our society.