2023-10-04 12:06 UTC
@scottsantens@hachyderm.io @ReimanSaara@mementomori.social
has anyone studying #UBI has considered the possibility of payday-lender style exploitation once this is rolled out to a large population? i can imagine desperate/hopeful people getting a lump sum loan with extortionate rates, backed by collateralized or garnished future UBI payments, which would make it a tool for oppression not liberation
I hope policymakers will make it illegal to use future UBI like that, but haven’t heard anyone mention this scenario yet
Replies (1)
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@jqr@ruby.social 2023-10-08 14:36
@alexch@ruby.social @scottsantens@hachyderm.io @ReimanSaara@mementomori.social I worry about that. With just a small group, mass exploitation has little chance of popping up. With universality, your landlord, any service provider, or just someone who’s help you need, is fully aware of your income stream and can try to lay claim to a portion of it in perpetuity. UBI gives you something to negotiate with, but doesn’t prevent desperation.