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A Basic Income Is Smarter Than a Minimum Wage

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Re: A Basic Income Is Smarter Than a Minimum Wage

#11
post #2

$10,000 * US_POPULATION ~= $3.2T ~= The total annual tax revenue of the US federal government. Just something to keep in mind when discussing this topic.

Don't have an opinion on any of this, but how many of the population you calculate are citizens over the age of 18? And what would be saved from the US budget by eliminating various existing programs that would be superfluous by UBI?

Re: A Basic Income Is Smarter Than a Minimum Wage

#12
post #8

It makes sense if-and-only-if that basic income isn't being doled out by the same organization which also runs the military-industrial or prison-industrial worlds. As an American, I think it's safe to say our federal government can't be trusted to not turn into a tyranny if it's everyone's primary employer. We would get even more massive corruption almost instantly. For example, some people would lobby to get those t…

Unfortunately, in the US the alternative to government power is corporate power.

> Unfortunately, in the US the alternative to government power is corporate power.

What's the alternative elsewhere? Warlord power?

Re: A Basic Income Is Smarter Than a Minimum Wage

#13

But what about existing entitlement sending, which keeps growing? A UBI without preconditions will only compound that problem, because what is to stop people from wasting their basic income on frivolities while also drawing from existing welfare programs. Many people may agree to work for less than the current minimum wage, and on more flexible terms, if they're supplementing a guaranteed income, not scrambling to av…

Most of the UBI programs I've seen suggested drastically cut entitlement spending. The UBI _becomes_ the social safety net.

Re: A Basic Income Is Smarter Than a Minimum Wage

#14
post #2

$10,000 * US_POPULATION ~= $3.2T ~= The total annual tax revenue of the US federal government. Just something to keep in mind when discussing this topic.

Presumably though you just increase income tax to recover some or all of that from people who are employed? So the actual cost should be significantly lower.

Re: A Basic Income Is Smarter Than a Minimum Wage

#17

But what about existing entitlement sending, which keeps growing? A UBI without preconditions will only compound that problem, because what is to stop people from wasting their basic income on frivolities while also drawing from existing welfare programs. Many people may agree to work for less than the current minimum wage, and on more flexible terms, if they're supplementing a guaranteed income, not scrambling to av…

>But what about existing entitlement sending, which keeps growing?

Universal Basic Income removes existing welfare, and everyone gets the same amount.

>the poorest are not starving to death; in fact, they're more likely to be obese than higher earners.

Because the poorest do not have access to high quality food, fruits, vegetables and eat preprocessed food that is an absolute catastrophe for your health.

>The assumption that a UBI, on top of existing welfare programs, will make people more compelled to work seems like a stretch.

Once again, UBI removes existing welfare programs. As to why people would be compelled to work, you can pick from:

* Actually liking their jobs. * UBI doesn't allow you to live like a king, the amount you get is pretty low. * Why should they work anyways ? Filling more pointless jobs, which are getting increasingly replaced by machines ?

Re: A Basic Income Is Smarter Than a Minimum Wage

#18

But what about existing entitlement sending, which keeps growing? A UBI without preconditions will only compound that problem, because what is to stop people from wasting their basic income on frivolities while also drawing from existing welfare programs. Many people may agree to work for less than the current minimum wage, and on more flexible terms, if they're supplementing a guaranteed income, not scrambling to av…

I would have thought that a UBI would replace most or all existing entitlement programs. But perhaps people have different ideas? And you're right, of course, that the poor in the U.S. generally are not literally starving. Though their poor health and high obesity rates are themselves symptoms of their limited access to healthy food, and difficulty maintaining a healthy lifestyle that may be due to other poverty-indu…

Yes, from the very limited research I've done, the key question in the UBI discussion is this: what the heck is it? It's a great slogan, but you have to add at least a dozen or two bullet points or it can mean so many things that it effectively means nothing.

Re: A Basic Income Is Smarter Than a Minimum Wage

#19
post #3

It's not just smarter it's the only possible solution out of the two. Many people wrongly discuss the premise of basic income in the context of whether it's a better solution for for the job market. I.e. as a better way to solve unemployment fluctuations which in this view are still going up. But the whole point about Basic Income is what we do about there being fewer and fewer jobs that pay a proper salary.

Proponents of the UBI make the generous assumption that recipients will be as careful with money as they (the proponents) are . Choosing between food & housing credits vs. cash, the former has less room for abuse. Its like "I would never use my UBI on alcohol"...well you're not "most people"

Given the frankly despair-inducing statistics of what happens to poor people when they acquire a sudden cash windfall (and if you're flat broke and living on the streets, a few hundred every couple weeks is HUGE), I intend to agree.

Most UBI implementations I've seen require gutting existing welfare systems - okay, fine, but what happens to the person who inevitably squanders their money?

Re: A Basic Income Is Smarter Than a Minimum Wage

#20

It makes sense if-and-only-if that basic income isn't being doled out by the same organization which also runs the military-industrial or prison-industrial worlds. As an American, I think it's safe to say our federal government can't be trusted to not turn into a tyranny if it's everyone's primary employer. We would get even more massive corruption almost instantly. For example, some people would lobby to get those t…

The US is 16th in the world in perceived corruption. If the US is too corrupt for this, then it likely isn't workable on any real scale.

And I agree, at least at the federal level and likely at most state levels, the US is far too corrupt to do this (and by corrupt I mean pork style politics where representatives horse trade favors and perks for votes, all at the behest of lobbyist who support their campaigns).

https://www.transparency.org/cpi2015#results-table

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