The optimism comes from a desperate desire not to confront the need for universal healthcare or land reform.
As long as real estate is an investment and health care has a middle man, UBI is just a subsidy for those sectors.
As long as real estate is an investment and health care has a middle man, UBI is just a subsidy for those sectors.
I think something similar applies with healthcare.
Real estate doesn't matter post C19 once office and schools are decentralized further each year.
People don't take into account that the value of money largely comes from the confidence that said money will have value in the future. If cash flow becomes guaranteed, the confidence that the business can demand more money from its customers goes up, ultimately lowering the value of said money for the customer while allowing the business to have greater investment opportunities.
There's a bit of irony in that, since the value of the US dollar largely comes from the confidence in the guarantee that the government will honor the value of treasury notes. The Chinese Yuan is comparatively worth much less than the US dollar, not just because of the dominance of the US, but because the perception of China is that it is far more corrupt and not as reliable than the US in terms of paying back its lenders, lowering the confidence that exists for its currency.
So I guess it comes down to this:
Business confidence > Customer confidence = monetary value decreases
Customer confidence > Business confidence = monetary value increases