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"Necessary"
(lemmy.ml)
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this post was submitted on 30 Oct 2024
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The worst part is--it's really not. These guys could all stay millionaires and we could still solve our system's worst distribution issues. Their biggest hardship could be dealing with not being The Guy With The Biggest Number when they go to their rich guy parties.
Personally I'm in favor of making them destitute and/or imprisoning them, but going that far really isn't strictly necessary.
UBI actually makes billionaires richer, even with higher taxes. Money trickles back up to them. The problem with UBI is that it redistributes power, and the powerful want all of their power. Wealth "needs" to buy power.