UBI, or universal basic income, is a form of direct cash assistance to help the most vulnerable get back on their feet. A new study in Denver suggests it works.
So because somebody has a lot, you have nothing? Because somebody has a house worth 5M and don’t have a house, means you have no dwelling? Because somebody earns 10x what you have, you have no income?
“They have more capital than I do, therefore I have none”.
“A person with more capital than I chose to vote and lobby, that means my vote is null and void and so are my efforts”.
“There’s no point in doing anything ever if somebody else is better at it”.
First recorded in 1175–1225; Middle English; (adjective) from Anglo-French or directly from Latin capitālis “of the head” (capit-, stem of caput “head” + -ālis adjective suffix; see -al1); (noun) from Medieval Latin capitāle “wealth,” noun use of neuter of the adjective capitālis
You can argue that national poverty lines are made to be kept under a certain percentage, sure, then we can ignore that. Globally, yes, the majority doesn’t have capital (as in financial capital), but per country, there are stark differences. More things to consider
Especially GNI PPP: if you live in Europe, North America, Australia, China, Japan, and a few other countries, there’s a good chance you belong to the global 20% of high income earners. The minimum wage in your country will probably be higher than what a low income family earns in a year
For the current 2024 fiscal year, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of $1,135 or less in 2022; lower middle-income economies are those with a GNI per capita between $1,136 and $4,465; upper middle-income economies are those with a GNI per capita between $4,466 and $13,845; high-income economies are those with a GNI per capita of $13,846 or more.
We are talking about people who have the capital in society to make actual systemic changes to society. Such as restructuring our economy to value lives, wellbeing, and sustainability over profit.
Quite obviously 80% of people do not have that capital.
You are cherrypicking statistics, seemingly to deliberately miss the point.
Global comparisons of income mean exactly nothing to the quality of life of people living within their country.
Even people deemed in that global top 20% are living paycheck-to-paycheck, and are unable to leverage that to make changes.
That’s a good 80% of the population
Ah yes. 80. Wealth to scale
So because somebody has a lot, you have nothing? Because somebody has a house worth 5M and don’t have a house, means you have no dwelling? Because somebody earns 10x what you have, you have no income?
“They have more capital than I do, therefore I have none”.
“A person with more capital than I chose to vote and lobby, that means my vote is null and void and so are my efforts”.
“There’s no point in doing anything ever if somebody else is better at it”.
Are you saying that 80 percent of society owns the means of production?
Capital != means of production
It literally does, according to the person who coined the term and socialist political economic theory up to the present.
Have you read any marx? Any marx whatsoever?
Capital was coined by Marx? Say what?
https://www.dictionary.com/browse/capital
Sorry. You’re right. Allow me to clarify. “Who used the term in political economics”
Except that’s just false. I actually cannot fathom where you pulled that estimate from.
You can argue that national poverty lines are made to be kept under a certain percentage, sure, then we can ignore that. Globally, yes, the majority doesn’t have capital (as in financial capital), but per country, there are stark differences. More things to consider
Especially GNI PPP: if you live in Europe, North America, Australia, China, Japan, and a few other countries, there’s a good chance you belong to the global 20% of high income earners. The minimum wage in your country will probably be higher than what a low income family earns in a year
https://datahelpdesk.worldbank.org/knowledgebase/articles/906519-world-bank-country-and-lending-groups
Can you fathom?
We are talking about people who have the capital in society to make actual systemic changes to society. Such as restructuring our economy to value lives, wellbeing, and sustainability over profit.
Quite obviously 80% of people do not have that capital.
You are cherrypicking statistics, seemingly to deliberately miss the point.
Global comparisons of income mean exactly nothing to the quality of life of people living within their country.
Even people deemed in that global top 20% are living paycheck-to-paycheck, and are unable to leverage that to make changes.