<story><title>World&apos;s richest 500 see their wealth increase by $1T this year</title><url>https://www.theguardian.com/inequality/2017/dec/27/worlds-richest-500-see-increased-their-wealth-by-1tn-this-year</url></story><parent_chain><item><author>sintaxi</author><text>With UBI everyone will have more money but overall production would drop which is the only meaningful way to improve peoples lives. So people would be worse off because prices would adjust to the decreased supply and the increased demand of goods and services.</text></item><item><author>aerophilic</author><text>There was an interesting study posted (I believe here) on how a flat 10% re-distribution (10% taxed from everyone, then redistributed evenly across everyone, aka basic income), created a more stable &amp;quot;society&amp;quot; in simulation. It did this by helping support a larger &amp;quot;middle class&amp;quot;. Does anyone know the link&amp;#x2F;can point me to the study? Google is failing me at the moment...</text></item></parent_chain><comment><author>justherefortart</author><text>Why would overall production drop when there is more capital in the market?&lt;p&gt;Maybe read up a bit on fiscal multipliers. Government spending (redistribution) is one of the better ones. &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;en.wikipedia.org&amp;#x2F;wiki&amp;#x2F;Fiscal_multiplier&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;en.wikipedia.org&amp;#x2F;wiki&amp;#x2F;Fiscal_multiplier&lt;/a&gt;</text></comment>
<story><title>World&apos;s richest 500 see their wealth increase by $1T this year</title><url>https://www.theguardian.com/inequality/2017/dec/27/worlds-richest-500-see-increased-their-wealth-by-1tn-this-year</url></story><parent_chain><item><author>sintaxi</author><text>With UBI everyone will have more money but overall production would drop which is the only meaningful way to improve peoples lives. So people would be worse off because prices would adjust to the decreased supply and the increased demand of goods and services.</text></item><item><author>aerophilic</author><text>There was an interesting study posted (I believe here) on how a flat 10% re-distribution (10% taxed from everyone, then redistributed evenly across everyone, aka basic income), created a more stable &amp;quot;society&amp;quot; in simulation. It did this by helping support a larger &amp;quot;middle class&amp;quot;. Does anyone know the link&amp;#x2F;can point me to the study? Google is failing me at the moment...</text></item></parent_chain><comment><author>VikingCoder</author><text>I think there&amp;#x27;s a few things you&amp;#x27;re missing.  I&amp;#x27;m a bleeding-heart liberal, but I think that with UBI in place, I&amp;#x27;d be willing to let go of minimum wage.  Of forcing companies with enough full time employees to provide benefit X.  Of laws forcing employees to join a union.  Etc.&lt;p&gt;Also, worker productivity is through the roof.  Perhaps we can talk about giving back some of those production gains, if it funds things we like.</text></comment>