The problem there is that we (the tax payers of the US) are essentially founders in this business and deserve a much larger cut of the proceeds.

Housing is the real issue not necessities. UBI might not kill anyone at the grocery store or at the gas pump but I have a really hard time believing that it’d have absolutely zero effect on housing prices.

I wanted to know what happens in a widespread UBI implementation. Why do people think that everyone having more money wouldn’t result in inflation? How would that not leave the people the program was intended to help right back at square one while hurting everyone above them that would lose purchasing power or dollars…

“Wealth” is not how we pay for things in the US so I’m not sure what you’re getting at there. We pay for stuff in the US using income derived revenue.

Ding ding ding ding.

No. It doesn’t.

Sorry but this is not an issue of an inability to multitask and your assessment of the “the problem is race” position needs work.

The same can be said of progressives’ fixation on class. I mean you literally linked to a study that claimed that the median white household has nearly double the income of the median black or hispanic household, that the median white household is worth nearly ten times the median black household, and that black and…

The problem with home ownership is that it routinely involves people handing over a relatively large amount of money (opportunity cost), taking on a huge amount of debt (finance cost), taking on additional expenses beyond what they would have otherwise been spending (again, opportunity cost), and ignoring all of that…

Your primary residence is not an investment.

Is this statement backed by real math or is it based on one of those dumb truisms about homeownership that needs to die?

You are correct. We’re due for a correction.

The diamond engagement ring might only be outclassed by homeownership as a wealth building mechanism as the biggest, longest running, bullshit, marketing scam in this country.

Ideological affirmative action...

Your required monthly payment shouldn’t be changing regardless of compounding method. How much money goes to principle vs how much goes to interest can fluctuate due to daily compounding but the top line payment should be the same.

Democrats won’t raise taxes across the board because the left doesn’t like taxation any more than the right does. That’s how we got into this mess in the first place.

I watched the video. I think you’re mixing income and wealth.

You can’t have economic justice without acknowledging that white America is the problem. America’s inequality problem, statistically speaking, is driven by the massive, unearned, gap between white households and black/brown households. The gap, as we all damn know, stems from how black and brown people were treated…

Pretty sure this is increasingly not totally fine. Especially if you make decent money. It’s hard for “seasoned” individual contributors to justify their large price tags when a handful of recent grads can be brought in for a fraction of the money, will likely work more, and will produce output that might not be as…

What is your point?