| ▲ | toomuchtodo a day ago | |||||||||||||||||||||||||||||||
The mechanics of implementing UBI is relatively straightforward. Have the Fed buy up securities, ban stock buybacks to force dividends, issue FedAccounts to everyone entitled to a government backed deposit account, payments land in the account either monthly or bi weekly as an option. Tada. UBI. Just like social security payments, but funded by the profits of all concerns required to issue stock to enable some portion of their gains to be redistributed to the citizen population. It’s simply a corporate tax, just a different implementation. Will it ever get done? I wouldn’t hold my breath. “It’s easier to imagine the end of the world than the end of capitalism.” As another comment in this thread says, just push wages up. That’s a short term fix that would pay off immediately for workers broadly. Tripling US union membership would shift $1.2T to workers annually - https://www.theguardian.com/us-news/2026/jul/15/union-member... - July 15th, 2026 The case for tripling union membership - https://www.epi.org/publication/the-case-for-tripling-union-... - July 15th, 2026 | ||||||||||||||||||||||||||||||||
| ▲ | gedy a day ago | parent | next [-] | |||||||||||||||||||||||||||||||
...and goods produced overseas would need to be heavily tariffed. But that was roundly criticized so where does that leave us? | ||||||||||||||||||||||||||||||||
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| ▲ | eli_gottlieb a day ago | parent | prev [-] | |||||||||||||||||||||||||||||||
> Will it ever get done? I wouldn’t hold my breath. “It’s easier to imagine the end of the world than the end of capitalism.” Well except that Mark Cuban is out here proposing the first steps towards the end of capitalism, namely collective worker ownership of the means of production, so I think that rather than quote Mark Fisher all over again, we have to understand why today's capitalist class are suddenly proving rhetorically amenable to certain steps towards socialism. | ||||||||||||||||||||||||||||||||