Yes, except that costs will also go up for services because there will be fewer workers. I’m in favor of UBI but it will definitely increase costs, especially for wealthy people who rely on relatively cheap help.
Most wealthy people don’t even manage their own households. They hire people to drive their cars, cook their food, and take care of their children. They pay other people to build or renovate their houses and even manage the building and renovating.
People won’t want to work for low amounts of money. It will literally be too expensive to be wealthy. The few people who do want to work in service positions are going to ask Jeff Bezos for a million dollars a year.
Do a quick calculation of what you can afford to buy with a billion dollars. Actually, I’ll do it for you. At, just 6% per year, a billion dollars generates 60 million dollars each year. The numbers are absolutely staggering. Virtually nothing is too expensive for the wealthy. Which is why billionaires generously volunteer to pay more in taxes and provide excellent benefits to those who work so hard for them. /s.
Yes, except that costs will also go up for services because there will be fewer workers. I’m in favor of UBI but it will definitely increase costs, especially for wealthy people who rely on relatively cheap help.
Most wealthy people don’t even manage their own households. They hire people to drive their cars, cook their food, and take care of their children. They pay other people to build or renovate their houses and even manage the building and renovating.
People won’t want to work for low amounts of money. It will literally be too expensive to be wealthy. The few people who do want to work in service positions are going to ask Jeff Bezos for a million dollars a year.
Ohhhhhhhhhh noooooooooooooooo
Do a quick calculation of what you can afford to buy with a billion dollars. Actually, I’ll do it for you. At, just 6% per year, a billion dollars generates 60 million dollars each year. The numbers are absolutely staggering. Virtually nothing is too expensive for the wealthy. Which is why billionaires generously volunteer to pay more in taxes and provide excellent benefits to those who work so hard for them. /s.
What?