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Exactly! I think of this when I’m trying to save up my Penny’s to buy the nicer item that will last but unfortunately I can’t always afford to wait and I am not even close to being the poorest on this country.

A very good justification for universal basic income. bsky.app/profile/scot...

Scott Santens@scottsantens.com

I've been researching the idea of Unconditional Universal Basic Income since 2013. Here's a collection of findings I've compiled from various UBI experiments and studies of cash transfer programs around the world. This will be a VERY LONG and ongoing thread focused entirely on empirical evidence. 🧵

I'm for it! It would reduce overhead costs of all the people making sure others qualify for individual programs, reduce crime, give people more choice on where they want to work which will better working conditions & more. Believe it or not I even heard Nancy pelosi say maybe it's time for Ubi once.

I love that everyone routinely takes this passage entirely out of context. The whole point was Vimes, the Duke of Ahnk'Morpork, Commander of the City Watch, and married to the richest women in the city... Was mentally trying to justify why he still wanted to wear cheap boots because he was a miser

This is Sam Vimes who has just discovered the secret to not spending money - i.e. having forebears who did it so that you don't have to, because expensive equals quality equals durability. He isn't mentally justifying anything, least of all 'miserliness'. Read better.

Or... It's literally the excuse he gives himself while trying to mentally argue the fact that Sybil keeps trying to purchase him a new pair of boots. With his primary factor being that he likes cheap boots that he can feel the cobblestones of the city with.

When making minimum wage in my 20s, people kept telling me a monthly bus pass was cheaper than paying day by day. Yeah. I knew. But there were days I walked because I couldn’t scrape up the fare. Paying for a whole month at once was out of reach. Everything is more expensive when you’re poor.

It is so true. I am fortunate enough to have a pair of boots that cost in excess of £100 around 25 years ago - an accumulation of saving up and birthday money. The same boots cost almost £300 today, but I don't need them as mine are still going. Unfortunately, I couldn't afford to replace them now.

Thanks for sharing. I've this posted many times. It's interesting people think this is an insightful excerpt. As a starving Artist for 25 years, it's clear as day how expensive it is to be poor.

Meanwhile in reality we have even expensive things that are designed to only last so long due to planned obsolescence. It's simple economics, keep the poor in poverty by giving them the shittiest options while driving the middle class down with shitty mid tier products.

The credit system provides opportunity for this. If your credit score is not good enough they charge you more. Wouldn’t it make more sense to charge the people that are more likely to be able to pay it , more?

"... and then leaked like hell when the cardboard gave out, cost about ten dollars. Those were the kind of boots Vimes always bought, and wore until the soles were so thin that he could tell where he was in Ankh-Morpork on a foggy night by the feel of the cobbles. "But the thing was that ... 2/n

"... good boots lasted for years and years. A man who could afford fifty dollars had a pair of boots that'd still be keeping his feet dry in ten years' time, while a poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time and would still ... 3/n

There are numerous examples of why it is more expensive to be poor. Poor can’t afford preventative health or dental care. Eating healthy is more expensive. Poor borrowing pay a higher interest rate. Routine car maintenance is costly. I’m sure you can think of more reasons

I think of this every time I'm in Costco. How much cheaper it is to buy things in large quantities IF you have the money for the large quantity. Yes,30 rolls of tp is cheaper by volume, than that 4 pack from Dollar Tree...but you've gotta have $21 instead of $2.50 🫤

And your quality of life sucks because you always hurt and get pneumonia from constant wet feet and easily catch cold which as the years go by changes to bronchitis, then pneumonia, and because you're sick all the time, you die 30+ years younger than the scum who profit obscenely from work you do

While the poor end of this is still true, I find with increasing frequency that whenever I pay extra to receive a "luxury", "top of the line", or "industry-leading" product, I get something that is made with the same crappy quality as the cheap option, that isn't better in any way except appearance.

I've always been fascinated this as, theoretically there's a point where a medium priced pair of boots that's replaced after x years would possibly still be cheaper than an expensive pair of boots that's replaced after y years

It's not intuitive but it's absolutely true and anyone who's been there knows how expensive it is. Just hoping more Americans are waking up to the bullshit position we've placed ourselves within at our own expense

I agree and I only post it because it's gotten to such an egregious level at this point in regards to the division of any rewards. We have the top 10% owning 93% of the stock market today and from 2019-2021 the top 1% got 63% of all new wealth created worldwide. It's just not sustainable.

Very few business owners start using only their capital. And the only valid reason for the existence of profit is to compensate for risk. There is also a difference between profitmaking and exploitation of those you need to make that profit. In America way too many businesspeople forget that.

A similar story had been going in my family for generations, about my poor great great grandfather and his rich who would sold him his worn shoes once a year for half the price

I've had to explain this to tourists about why living in a tourist town is both a miserable and inescapable experience. If my family didn't have Section 8, we'd be paying about $3,750/month in rent for just under 1,000 sq ft. I'd love to leave, but the rent means saving money is impossible.

The same holds true for furniture. Cheap particleboard falls apart, while solid wood furniture lasts for generations. Rich families end up spending less on furniture over their lifetimes than poor families.

This is very true. When my boys were growing up, pre-teen and teen years, I would buy them an expensive pair of shoes to start school with. Sometimes I had to borrow the money from my parents. But as I explained it to my parents, a good pair of shoes would last the boys all year, whereas if I bought

I used to always say that I can't afford to buy cheap when I was eating Kraft dinner every frigg'n night. Sometimes, it's a matter of food or shelter being a priority. Sometimes those pennies aren't adding up fast enough and you have holes in your boots NOW. Sometimes theory & practice don't align.

I was as well. Of course it makes more sense to buy the 50 dollar boots. I would've if I could've. There just wasn't enough money to be able to replace cheap shoes in time, for a pair that would last. It's a nasty cycle people who are poor experience. That's why I consider it theory vs reality

That is the point of the passage. It’s not saying ‘buy the expensive boot to save money in the long run’, it’s calling out (to your point!) that people have circumstances that prevent them from making those investments in the first place and, as a result, they will spend more in the long run.

Terry Pratchett (through Sam Vimes) was not suggesting you should spend 50$ on boots. He was pointing out that people who don't have 50$ to spend on boots are getting fucked over. That's why it's specifically called out as unfair.

Behold the "buy now, pay later" world of credit, where a man can, if he chooses, buy more than one pair of the $50 boots and hope they wear out or he dies before the credit machine comes after him.

This clearly displays the value provided by investment even when that investment doesn’t pay a money return, it can provide compounding value. That is why a universal basic income can also be understood as an unconditional basic investment. What Alaska has done with its APFD is a good start.

Truth. I grew up privileged, but shopped with friends and had qualms about dropping 💰 for stuff. My father shook his head at my H&M crap: "Divide the cost by the number of times you'll wear it." By that logic, my cheap clothes were expensive. And some of the costliest are down to pennies per wear.