Thread by @RealProgressUS

The Fed #JobGuarantee as a counter-cyclical, automatic stabilizer, a govt purchase of commodity based slack labor to create a bufferstock of employed resources, vs unemployed resources & the nominal price anchor it presents are key to the reason it is far superior to the #UBI

The UBI neither countercyclical, nor does it present a nominal price anchor. It has no price anchor and it serves the capital class to fatten their wallets whilst providing ZERO services for the people receiving it.

Cash they need you say?

Well, what stabilizes the purchasing power of that $1000 you just gave out, devaluing labor?

What prevents Walmart from subsidizing poor wages?

Why do you suppose Silicon Valley supports a UBI?

The status quo nature of a UBI provides cash... nothing at all more.

I shudder to think of what happens when the neoliberal trojan horse comes through selling people how bad and unworthy the New Deal programs and protections are now that you have your pittance.

This is why reparations even must be FAR more than cash.

This is why listening to these pop culture alt media types that cannot be bothered to learn how economics works are hurting us every bit as much as the establishment...

Here is your #UBI now shut up and eat your peas...

Can't afford the Dr? Oh well... you have your #UBI

Can't afford food? Too bad.

Can't get hired because you have no job or history?

Tough luck, Enjoy being a consumption unit for capital.