348

Those seem incompatible to me.

(UBI means Universal Basic Income, giving everyone a basic income, for free)

you are viewing a single comment's thread
view the rest of the comments
[-] Coasting0942@reddthat.com 23 points 10 months ago

My issue with it is that you haven’t run trials with people min-maxing how to squeeze people for their UBI checks. As a start, just raising rent until it eats all the UBI

[-] Landmammals@lemmy.world 9 points 10 months ago

The problem with that argument is that UBI frees up people to move to lower cost of living areas.

[-] BorgDrone@lemmy.one 8 points 10 months ago

As a start, just raising rent until it eats all the UBI

You can’t just arbitrarily raise the rent to whatever you like.

[-] bartolomeo@suppo.fi 7 points 10 months ago

You must live in VENEZUELA or some other SOCIAMIST HELLHOLE!

Americans have the freedom to literally arbitrarily raise the rent to whatever they like YEEEEEEHAW!

[-] BorgDrone@lemmy.one 4 points 10 months ago

Yeah, the socialist hellhole that is the Netherlands. Ranked 8 in the Index of economic freedom (USA is #25)

[-] sorrybookbroke@sh.itjust.works 7 points 10 months ago

Yeah, I agree, we should abolish landlords

[-] BorgDrone@lemmy.one 2 points 10 months ago* (last edited 10 months ago)

Landlords also have to comply with the law, which limits the height of the rent they can charge and the maximum yearly increase.

[-] sorrybookbroke@sh.itjust.works 2 points 10 months ago

With the absurd increases of rent globally, record profits for landlords, and massive amount of empty properties have these laws worked?

If properties are seen as an investment, as they currently are, they must always increase in value at a greater rate than inflation. This means that, in order for investment properties to work, housing must always become more expensive. This increases rent and makes buying a home more impossible yearly. If they lower in price, then the investment fails. The cost of making housing accessible is the economy.

The issue isn't simply increasing rent arbitrarily this is a marathon. They'll raise rent at a higher rate than workers accrue money as they currently are. This makes housing unaffordable. UBI is a band-aid solution that doesn't fix the root issue.

Even Adam Smith agreed landlordship was a poor idea in a capitalist market. Renters should accrue equity, or housing should become public.

[-] bartolomeo@suppo.fi 1 points 10 months ago

There are many different categories of landlord, residential housing, and rent agreements, and also lots of states and countries on Earth. It's not accurate to say

which limits the height of the rent they can charge and the maximum yearly increase.

for rental housing in general.

[-] BorgDrone@lemmy.one 1 points 10 months ago

Depends on where you live. In my country there are basically 2 classes: social housing and free market. Which one your home is is based on one thing: the rent you paid when you initially started living there. For each year, a threshold is set for social housing. Anything that is rented out under that threshold in that year will be considered social housing for however long the tenants stay there. Everything above it is free market.

For social housing, there is a point system that determines the maximum rent. Points are awarded based on the house itself. For example: each bedroom adds certain number of points, same for bathrooms and other features. Once you have the total number of points, you can look up the maximum rent in a table.

For both social and free market properties, there is a maximum annual rent increase.

[-] kyle@lemm.ee 2 points 10 months ago* (last edited 10 months ago)

It depends on local regulations. There's no federal law that limits the rent increase, if given notice. Like I'm pretty sure NYC has some kind of rent control, but at least here in Oklahoma it's not common.

Edit: I found this, and I now feel worse

the state has rules that prevent local governments from creating their own rent control laws. In simpler terms, landlords in Oklahoma have the power to decide how much rent they want to charge without any legal limitations from the state or local authorities.

[-] bartolomeo@suppo.fi 1 points 10 months ago

That's insane! The law of the land is that you can't ban things that limit profit for those with capital. It reminds me of a law that prevents gun bans in Atlanta, GA.

[-] echodot@feddit.uk 3 points 10 months ago

Surely they have though. Anywhere where they ran the trials for more than about 3 months would have been an area where people tried to get other people's UBI checks. That's human nature for you.

this post was submitted on 09 Jan 2024
348 points (100.0% liked)

Showerthoughts

29707 readers
1127 users here now

A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. A showerthought should offer a unique perspective on an ordinary part of life.

Rules

  1. All posts must be showerthoughts
  2. The entire showerthought must be in the title
  3. Avoid politics
    1. NEW RULE as of 5 Nov 2024, trying it out
    2. Political posts often end up being circle jerks (not offering unique perspective) or enflaming (too much work for mods).
    3. Try c/politicaldiscussion, volunteer as a mod here, or start your own community.
  4. Posts must be original/unique
  5. Adhere to Lemmy's Code of Conduct-----

founded 1 year ago
MODERATORS