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It's not a pipe dream, but I think we're going all the wrong ways about it. Or at least, the people who often talk about it have their priorities in all the wrong places.
If I were the king of England and its realms, I would focus on cracking down on parasitic bullshit like interest only mortgages and buy-to-let rent seeking, nationalise the bits of public utilities and infrastructure that it makes sense to do so, and probably create some kind of public work programme. My focus would be on reducing what I can only see as unfair financial pressures those on the lowest rungs of society have to bear, and eliminate the poverty trap.
At the end of the day I think that would probably do a lot more toward levelling the playing field than just keeping on raising the minimum wage or handing out free money (though frankly, if we got the economy sorted out I would still eventually implement some kind of UBI.) Ultimately, if you make it so the peasants have more money, the capital-owning class will just keep raising their rents, prices and tarriffs to gobble it all back up again. What we should do is restrict such opportunism in order that the poor have a lower cost of living, and therefore more disposable income with which they may be encouraged to invest in savings, pensions, other financially sensible options they are currently all too often just unable to do.
I will say, I absolutely hate it when people come out with that line about how you can always make savings or go on r/personalfinance and if you don't you're just stupid and it's your own fault for buying a big telly. I have only ever heard that rhetoric in real life from people who have grown up comfortably wealthy. I'm pretty well off by this stage in my life, but for many years I was dirt poor, and in no small part I attribute my current financial wellbeing to the plain, simple tight-arsed thrift I was forced to learn when I had to support myself on £500 per month. Poor people are often stupid, but more often than that they are trapped in a situation where there are very few winning moves.