this post was submitted on 11 Oct 2023
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I can only answer as capitalist. FIRE relies on accumulated interest. For workers it should be the same if 10 billionaires or 100,000 FIRE investors own their companies.
UBI should be fairer.
Both scenarios are the same. Work 20 years hard and then stop working.
The FIRE owner have an interest in low wages for the workers whereas in UBI, more income for workers could mean more to be shared.