
Originally Posted by
Jon`C
More but from a different device:
So, basically, reiterating the above, all of this UBI is going to end up with rich people. Okay, it won’t all be consumed by housing alone (in isolation it would tho) but it definitely will be divvied up among lenders. House, car company, credit card company, dunno exactly how it would shake out, but that’s how debt financed consumption works y’all.
Now what about.... you know, the bill? Americans don’t know what a VAT is so I’ll explain. It’s a national sales tax. VAT is just a way of calculating it, but it is a sales tax, a consumption tax. I already posted about this earlier in the thread, so I won’t expound on it too much. Part of a VAT is paid by the company, part of the VAT is paid by the customer. VAT increases marginal cost and decreases consumption, leading to a short term reduction in production (and eventually layoffs). Meanwhile, rich people don’t consume much more than working class people do, outside of their more conspicuous consumption for which they have ways of evading taxes. Destitute people consume much less. So really, workers are gonna pay for all of the UBI, because they do basically all of the consumption, and they’ll pay for it again by reduced consumption (reduced standard of living) and layoffs.
So yeah. Working people pay VAT. VAT pays poor people. Poor people pay rent/interest to rich people. Transitively? Working class pays rich people. And then housing costs twice as much. And then people suddenly can’t buy as much nice stuff anymore, all because of a tax that they THINK is being sent to the poors to be frittered away (but is actually going to rich people, which the media may or may not tell people)
Holy ****, you think you have a fascism problem now.