If a person doesn't have money, helping him is not a job. If a person has money,... | Hacker News

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		jjoonathan on July 30, 2020 \| parent \| context \| favorite \| on: Universal Basic Income is Capitalism 2.0 If a person doesn't have money, helping him is not a job. If a person has money, helping him is a job. UBI creates jobs by "un-freezing" demand that was previously frozen out of the system due to poverty.

jnwatson on July 30, 2020 [–]

Macroeconomics 101 shows that public welfare creates a demand floor, reducing the severity of recessions and lessens the boom bust of the business cycle.

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