I believe they’re referring to an undefined threshold of buying power. E.g. if I earn $3000 but my take home is $200 after taxes, rent, food, utilities, and student loan repayments, abusive price hikes on basic needs could reduce my take home below the point of sustainability, even factoring in an extra $1000 on top of that. Basically, if rent, food, and utilities go up by 50% but I’m only earning 33% more.
Might be an extreme example, but I think it’s certainly a consideration that needs to be made when putting together the legislation. There needs to be some form of price control, otherwise those UBI checks could basically just become a free gift from the government to exploitative corporations and landlords.
I do want to believe all of that, but I am also not going to underestimate the tendency for de facto oligopolies like ISPs to continue colluding on prices, or landlords disproportionately raising rents to “keep out the (probably non-white) poors” who have been gifted greater economic mobility.
I’m just not keen on any policy which assumes that the market can be trusted to course correct itself in a way that is healthy and fair for consumers, because that is so often not the case. I would honestly prefer a system with no UBI, where people simply do not need to buy basic necessities at all. Shelter, food, and utilities should be fundamental rights that people shouldn’t need to pay for in the first place, and income would just allow people to improve the quality of those things should they desire.
"Do you live in the Midwest?" by self-report (lemmy.world)
Denver experimented with giving people $1,000 a month. It reduced homelessness and increased full-time employment, a study found. (www.businessinsider.com)
cross-posted from: lemmit.online/post/1021018...