I kind of agree. A very low UBI that barely allows people to subsist will not solve any existing social problems, it might instead effectively become a subsidy for extremely low income classes without increasing vertical social mobility, and therefore in the long run further increase the gap between the poor and the rich that has been increasing since WW2.
Personally, I believe that the best way to decrease social tensions and prevent a dystopian impoverishment of the majority of the population is to lower the gap between the rich and the poor and to limit the amount of wealth that can be transmitted by heritage, for example with a Skandinavian tax and welfare model and by putting a strict upper bound on the amount of assets and resources that can be inherited.
It seems to me that UBI can only work as intended if it was fairly high, and that is perhaps not realistic for political and economic reasons.
Personally, I believe that the best way to decrease social tensions and prevent a dystopian impoverishment of the majority of the population is to lower the gap between the rich and the poor and to limit the amount of wealth that can be transmitted by heritage, for example with a Skandinavian tax and welfare model and by putting a strict upper bound on the amount of assets and resources that can be inherited.
It seems to me that UBI can only work as intended if it was fairly high, and that is perhaps not realistic for political and economic reasons.