2023-10-08 14:37 UTC
@alexch@ruby.social @scottsantens@hachyderm.io @ReimanSaara@mementomori.social
I don’t see an obvious way to prevent that exploitation with our current systems or UBI precepts. Rent is a claim to future income, so is a loan payment, and I think we want those. How to carve off the exploitation without encumbering UBI?
Also, this problem already exists in the world of any regular government payment, which suggests we haven’t found a solution for this yet, and/or it should be solved independently
Replies (1)
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@alexch@ruby.social 2023-10-09 16:13
@jqr@ruby.social @scottsantens@hachyderm.io @ReimanSaara@mementomori.social Well yeah, but I'm not talking about ending all exploitation, just plugging a loan shark loophole which targets the *exact* demographic #UBI is meant to help the most; if someone trades their future monthly draw checks for a lump sum up-front and spends it all then they won't have cash when they need it later financial exploitation is an eternal part of the human condition, but it's still a good idea to make loan sharks, payday lenders, and bail bondsmen illegal