Those seem incompatible to me.
(UBI means Universal Basic Income, giving everyone a basic income, for free)
The sad thing about UBI in places like the US is they further systematic change needs to happen prior to UBI being implemented.
If you have UBI added on to our current capitalist hellscape (since UBI rates will be publicly known) landlords and corporations will just hike prices to make life cost just as much as UBI—therefore forcing people to work for any scrap above that. So essentially UBI will be fed back into corporations/the elite, who will also continue to make profit on the labor the lower class does to afford anything above basic necessities.
who will also continue to make profit on the labor the lower class does to afford anything above basic necessities
If someone can afford basic necessities, they aren’t going to choose to work three jobs at minimum wage where they are treated badly, forcing an improvement in pay/conditions to find any workers. As for setting prices arbitrarily, that isn’t actually possible except where a monopoly is held, the idea that supply and demand influences price is not a myth. Having money and the choice of how to spend it does actually give you additional agency and leverage, and UBI would serve as a form of redistribution if it is funded by taxes of some kind.
Except that landlords are coming together to set prices so that they can all set them high. I don’t remember what the group is called, but someone was discussing it a while back. Doesn’t have to be a monopoly if they’re conspiring, which is what is happening with so many consumer goods and services.
Cartel is the word you are probably looking for. Cartels are when an association of different suppliers collude to restrict competition and keep prices high.
I’ve seen that stuff but it’s too much to assume that this kind of coordination is the controlling factor in housing prices, or most other prices. You do need a monopoly because there’s too much incentive for defecting from the conspiracy if the fixed price is too far away from what the market price would be. I think housing is expensive mainly because of supply being suppressed and wealth inequality, and UBI would begin to address the latter.
Not so simple honestly it would also be funded by a reduction in bureaucracy, and spending on poverty alleviation. I’m in NY there are 50 something counties here each with their own DSS office. Think of the reductions in demand for some of these dumb programs that essentially kick the worker while their down.
You can set the prices if they are well known at a federal level—look at the number of disparate vendors who charged exactly the price of a stimulus check for goods when they were being given in 2020.
What goods were those? I am guessing the market price of those goods was already relatively close to that number. You can see a pattern like that sometimes with stock or crypto prices; when it passes across a nice round number, or a number with some significance like the price of another related stock, the price may seem to exist in relation to that number, sticking to or avoiding it. But crucially this is only as long as it is in the vicinity; there are other factors that have more influence over price and after the blip around the round number, the line moves on.
The core mistake here I think is not recognizing that wealth is a form of power. Controlling a greater share of society’s wealth means more control in general, which is why companies are trying to do that to begin with. Redistributing wealth is anything but an empty gesture.
And when landlords hike the rents, what do you think will happen to the rate of new housing construction?
Okay. So you’re onto something with there being money involved in the decision. Right.
And so when owning a building becomes more profitable, what happens to construction? Construction that is already too expensive.
Expensive is costs too much money … right? Anyone? High construction cost, then there’s an increasing in the net present value of an apartment building …
Anybody see where I’m going with this? Yes, you in the back there
