Well, as another commented pointed out, there is a difference between innovating and starting companies. So I would argue that you do see more innovation from poor families than rich families. After all, rich families have no need to innovate, they just throw money at problems until they go away. Poor people are financially constrained and have to think outside the box to solve their problems. But you also see more companies started by rich people. Not necessarily innovative companies, mind you, just companies.
> So I would argue that you do see more innovation from poor families than rich families. After all, rich families have no need to innovate, they just throw money at problems until they go away.
This is not something to argue about, this is something that that we should measure.
In the discussion here, I am assuming innovation refers specifically to innovative products and business ideas, not stuff that remains confined to your close family.
Well yeah, you probably aren't going to get a lot of business innovation from the poor, but because they are resource constrained, you'll see innovation in other forms - such as how they adapt to broken cars, appliances, shortage of food, clothing, etc. The rich have no need to come up with novel ways to mend shoes - they just buy a new pair.
It seemed like you were claiming that people with fewer resources may counter-intuitively do more innovative businesses, so providing people with UBI or similar resources could reduce innovation in entrepreneurship.
The inventiveness you need to thrive as a poor person is very different from that, and I don't think losing that kind of inventiveness would be a real loss in our world.
