JemmyUniversal basic income is 'straight out of the Karl Marx playbook,' financial guru Dave Ramsey says
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Ramsey has been a shitbag for a long time. This is no surprise.
My parents gave me a subscription to his financial university program a number of years ago. Some of the basic concepts are great, like the debt snowball. On the other hand, he places the blame for insufficient income on the people; if you simply can't cut enough expenses, then you need to earn more money, so get a better job you lazy schmuck. ...As if that actually worked for most people. It entirely ignores economic realities, where a large number of people *have* to lose so that a very few people can win.
The snowball method can be helpful in a psychological sense, but it's less than ideal from a financial standpoint. (You can pay down debt faster with more conventional methods, IF you stick to them.)
Right, like if I'm remembering terms correctly, avalanche is the way to go, highest interest first. Dave Ramsey is awful though, doesn't take much to figure that out.
Handing out cash with no strings attached discourages people from working and making some undeserving piece of shit even richer.
deegeese“This is straight out of the Karl Marx playbook — this is not out of the Adam Smith playbook," Dave Ramsey said about UBI on "The Ramsey Show" last summer.
Funny considering Smith and Marx have far more in common than not.
Dave Ramsey is possibly one of the best examples of a mediocre white man failing upward.
His entire origin story is literally failing multiple times at being a real estate investor until he finally got lucky and it worked out.
His life story illustrates basically perfectly that if you have enough money and luck, you can be pretty wealthy basically extremely easily.
I say easily because any fucking moron can spew self help bullshit.
Sure, the debt snowball is generally a good strategy, but the rest of his advice is basically slave away, sigma grindset (before that term came about), eat rice and beans for 5 years so that you can be well off after the best years of your life have gone by.
He is a walking talking manifestation of survivorship bias, and there have been many times he gets offended by the idea that everyone cannot be as lucky as him, which he incorrectly thinks is because they are lazy or stupid.
Anyway, Adam Smith should be but is not famous for basically deriding landlords as parasites.
They always leave that out of American Econ textbooks. I know because I have a BS in Econ and had to randomly stumble across this outside of my coursework.
It should go without saying that, as with any conservative, they know nothing about Marx beyond the Communist Manifesto (at best, usually its just 'Communism is when government gives money to the poors) which contains next to nothing of his thoughts on Economics compared to his other works.
It would take an actual Economist or something like that to explain to this insane number of ways that it gets easier and easier to make more money once you are already wealthy, the number of ways the average citizen pays in ways they do not immediately see to subsidize all kinds of businesses.
chickenMeanwhile I've argued against plenty of Marxists who think UBI is a liberal conspiracy
randomdeadguy
"Dave Ramsey is a dickhead that nobody should listen to, and he should fuck off all the way over there" says doctortofu, a random nobody on the Internet
Give yourself credit, even as a nobody you're much better than that jackass
I'd rather be a nobody who's right than someone people listen to who's horribly wrong.
Just more Protestant bullshit that ignores every study and trial.
Not to mention bigoted and classist.
and racist! can't forget racist! Hey mr. ramsey ya think the practice of redlining had anything to do with people "setting up camp in ghettos generationally?"
Just like the wealthy people who keep working after they've made enough to live the rest of their life on the interest.
I'm pretty sure it's wrong, too. Every UBI trial I've seen has people improving their lives. Some get lifted into work. Some get necessary training. A very high percentage have their life and status improved, better than welfare.
Ramsey can duck right off with his bullshit.
Or their children, who didn't even work to get to that point. If unconditional cash grants are bad, outlaw inheritance; it's just an unconditional cash grant awarded by genetic lottery. If working for success it's so paramount, make everyone do it.
Those who only ever act out of greed and selfishness always believe these are the only reasons anyone could ever be motivated to act. The notion that people could work because they like it, or because it helps others, or because they would rather be active than inactive, is out of reach of their imaginations.
I'm sure Dave Ramsey has never read Marx, and I'm equally certain he is proud of that fact, so how can he claim to know what Marx did advocate for or would advocate for? I'm not a Marxist, nor an expert in Marxian theory, but I have read and studied some Marx and based on what (admittedly little) I know, I don't see a connection between Marxism and universal basic income. In fact, I think Marx would have been opposed to UBI, maybe even viewing it as something that would strengthen the capitalist class and weaken the working class.
It is. Welfare states are perfectly fine expressions of enlightened self interest under capitalism. The owner class is guaranteed a relatively healthy population to exploit, the wage slaves are kept just happy enough to not rebel.
Or you know you could just reference actual studies instead of countering one dude's unsupported opinion with an unsupported opinion from "many proponents". You don't need to pretend like it's unknown and the best we can do it jot down opposing opinions from random people.
Yeah pretty much what I would expect from a business oriented website to offer counterpoints as 'beliefs' so that they are dismissed as ramblings from crazy people
He's going to lose it when he finds out what real socialism is about.
Solidarity
OK so this is bullshit and dave ramsey is a moron.
Here is a qualitative meta-analysis performed by Stanford in 2020 looking at 16 different Universal Basic Income studies. Beware, it's a PDF. Here's their website : https://basicincome.stanford.edu/research/ubi-visualization/
Every single study that's ever been performed on UBI has shown a steady level of labor participation, or an increase in it. Any drop, was by a family that now could afford to have a stay at home parent.
He is an idiot. I'm a Marxist Leninist socialist and have read enough to say Marx has never advocated for UBI. It's literally, From each according to his ability, to each according to his needs. You produce what you can, meaning you work and you earn. A pure Communist society is a cashless one. Dave Ramsey is a conservative, religious nut job whose whole career is based on "only buy what you can pay for. Don't borrow. Save enough money to buy house with cash" He is a dinosaur in today's time.
He is the poster child for a broken clock. While his financial advice is good, especially for people with low impulse control.
But other than that, he's generally a agile that shouldn't be listened to.
Awesome, let's fucking do it.
Boomer gotta boomer.
Plenty of young people agree with him, because this isn't a generational issue, it's a class one.
Let's stop calling balancing a budget with addition and subtraction a guru
Even Friedrich Hayek advocated for UBI in *The Road to Serfdom*.
What the hell happened to this guy? A decade ago he was actually trying to help people.
He was always a grifter. When I was in college in the late 90s he had a financial responsibility program for college students to help them learn how to get out from college debt they were in the process of racking up. It was something like $40-50 a session for a 6-8 week course. That would be roughly $75-90 today.
I watched way too many of my friends give away money to that guy.
My personal favorite was the fact my stuoid fucking high school trusted his shitty content for a personal finance class. Tmk its still in use there
In the 2010's we got the videos for free in the military, too many 18 year old privates spending all their paychecks on Mustangs by taking out payday loans or stupidly high interest loans to get them.
So when I criticize Trump and MAGAs respond ORANGE MAN BAD they're asserting I have a bias so its not enough to just dislike Trump. I have to point out his behaviors, his characteristics, his policy decisions that drive my revulsion and public revulsion.
So when an alleged economics expert like Dave Ramsey says bearded man bad he needs to elaborate what specific notion of beard he doesn't like, or why he's wary of it. Otherwise we can just assume he's being partisan like a belligerent Dodgers fan.