this post was submitted on 02 Nov 2023
138 points (98.6% liked)

Canada

6943 readers
1498 users here now

What's going on Canada?



Communities


๐Ÿ Meta


๐Ÿ—บ๏ธ Provinces / Territories


๐Ÿ™๏ธ Cities / Regions


๐Ÿ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


๐Ÿ’ป Universities


๐Ÿ’ต Finance / Shopping


๐Ÿ—ฃ๏ธ Politics


๐Ÿ Social & Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 6 points 10 months ago

That's because your individual points all derive from focusing on the wrong things.

What people want is prosperityโ€”the sense of flourishing and being successful at life. Unfortunately, that's very difficult to measure, because definitions of "success" are idiosyncratic and widely variable. So we measure money as a proxy for prosperity. The problem is, it's a very bad proxy, one that can actually pull in the opposite direction of the thing it's supposed to be a proxy for. Which is what appears to be happening here.

You're trying to look at this from the point of view of macroeconomics, which is the study of large-scale money flows. Money flows. Except that programs like UBI are not designed to optimise money flows, they're an attempt to improve median prosperity, even if that results in poorer mean financial outcomes.

I admit my previous post was a bit on the hyperbolic side, but you're treating this as though the situation were a case study in an economics class. Which it isn't.