Earlier quoted context omitted.
It seems to be a very American thing to not have banking as a basic right (or at least assumed right). Here in New Zealand, there's pretty much no restriction on getting bank accounts. It's almost unheard of to not have a bank account. Transaction fees aren't really a thing either. Most people only have to pay to withdraw money from other banks ATMs. There's no fees for bank transfers (regardless of whether it's to t…
We certainly have a long way to go here. I found it endlessly frustrating trying to get an expense card for my nanny. I wanted her to have access to a set limit of my money to pay for things for the kids but not an endless supply. I wanted it to just be there. I never found any banks that had anything even remotely like that. I ended up just getting a reloadable debit card that I have to keep topping off for her. And…
Request For Research: Basic Income
851–860 of 1001 posts
Re: Request For Research: Basic Income
#852You need bread AND circuses.
TV, movies, reddit and video games are the modern circuses, but we need to make MEANING accessible.
Startups, with lowering barriers, are part answer. But not winner-take-all unicorns; more like long-tail lifestyle businesses. So that everyone can be uniquely useful, regardless of direction or ability (Ricardo's comparative advantage).
Re: Request For Research: Basic Income
#853I recommend this book: https://en.wikipedia.org/wiki/Scandinavian_Unexceptionalism_... From wikipedia: "Allister Heath, deputy editor of the The Daily Telegraph, wrote that the book shows how the “remarkable work ethic” of Scandinavians has been eroded by large welfare states over time." (Of course, don't take wikipedia's word for it-- read the book yourself) My take-away: Heavy socialism has absolutely stifled econo…
Cherry picking the data slightly the IMF has the GDPs per capita as
1964 Sweden 2758 USA 3423
2014 Sweden 58538 USA 54370
so they have not done that bad
Re: Request For Research: Basic Income
#854Re: Request For Research: Basic Income
#855Re: Request For Research: Basic Income
#856Why not basic commodities ? I mean distributing significant quantities of corn, corn-meal, flour, rice, a wide variety of beans, dried fruit, beets, onion, millet, granulated garlic, etc. The stuff that you can make a vast array of healthy foods out of.
This eliminates much of the possability of waste in the system, and at the same time it doesn't expose the individual to legal and privacy complications that come with 'income'. It translates into money in people's pockets indirectly because now their family's food budget is dramatically reduced.
I think this is a more elegant solution but the reason why it's difficult politically is because it incentivizes individuals and families to put more time and planning into home food preparation. There are billion dollar advertising campaigns aimed at conditioning the exact opposite behavior which is one reason why it's probably politically untenable at this time.
Also I'd like to raise another point which is that I find it somewhat disturbing that a major startup community leadership organization is so interested in possibly attempting to influence the national policy around financial issues in a way that is so far removed from the technology domain.
Are you guys a startup incubator or a think tank ? In other words are you busy conducting research to churn out position papers designed to influence the national debate on non-tech issues ? If so then how transparent do you plan on being with founders, past, present, and future about this entire process as it evolves going forward ?
The reason why I believe it's a bit of a stretch to consider this a tech issue is because in my view the idea that "technology is eliminating jobs" seems to be a false premise statistically speaking. To me it's a debate centered around how "free trade policy" is influencing the global job market and how that has impacted the United States economy. I believe that in the US at least the tech ecosystem has created more jobs, a whole new economy in fact which didn't exist before. It's the non-tech jobs that are gone, but they weren't eliminated by technological innovation as much as they were dispursed globally in the wake of certain regulations.
Re: Request For Research: Basic Income
#857Earlier quoted context omitted.
Financial desperation squeezes the cognitive juice right out of you. In 2013, Harvard researchers did a study of how financial stress affects decision making. Denise Cummins, Ph.D. explains their findings in Psychology Today: "When the cost of [a car] repair was increased to $3,000, a very different picture emerged: The cognitive performance of those at the upper end of the income distribution was unaffected by the i…
"When the cost of [a car] repair was increased to $3,000, the cognitive performance of those at the upper end of the income distribution was unaffected by the increase. But those at the lower end suffered a 40% decline! The authors interpreted this to mean that scarcity impaired people’s ability to think clearly. The threat—even an imagined threat—of a large bill made it difficult for poor people to focus on the cogn…
Re: Request For Research: Basic Income
#858Improving transit is a large opportunity space. Reducing the need for civilian-ownership of vehicles - reduces cost of living (cheaper than car ownership) - reduces number one cause of human mortality - frees up tons of parking-lot space for additional housing - reduces strain on roads offsetting transit maintenance costs - reduces pollution Focusing on optimizing and improving quality of transit rather than just hav…
I don't know of a case in the USA where a public transit agency has done this without making transit worse.
For example, this was tried years ago in Santa Clara County. Called "Dial-a-Ride", the implementation was that an individual could call for a bus to pick him/her up and take to a given destination. The theory was that an assortment of people would all have origins and destinations along a common route, so you'd have a de facto ad hoc "bus route" for that collection of journeys.
But when you crunch the numbers even this ideal scenario, the time lag in chasing down and picking up the subsequent riders makes the trip time and length for the original rider uselessly long.
Nevertheless, this went on for years, with the result being that a handful of individuals got chauffered around at extremely high costs. It was computed that it would be much cheaper to have taxpayers pay for individual cab rides for everybody. Eventually, it was dropped, but it continued in south county for additional years.
And to this day, VTA is the financially worst-performing major transit system in the nation (as measured by percentage of farebox return on variable costs -- don't even ask about how much worse it is when fixed costs are added).
Re: Request For Research: Basic Income
#859Things that would help everyone, regardless of income, without depending on a radical restructuring of entitlement spending, that seem like things startups could actually do: * Equally credible alternatives to university education for professions that don't involve students shouldering $100k-$200k in debt based on decisions they have to make when they're 18 years old. * Empirical, blinded, skills-assessment based tur…
Another thing that would be helpful to most people is fixing the affordable housing issue. The problem is that lots of people are deeply invested in making housing increasingly less affordable (alternatively phrasing as "improving home values"). Housing is the single biggest expense for many people, especially those in economically productive high wage cities, and cutting that would dramatically reduce the remaining…