11–20 of 133 posts
Earlier quoted context omitted.
Could you expand on "align incentives" a little more please?
Why would I, a rich person, pay 10% of my income in the US when I can simply claim citizenship of another (business focused) country?
Earlier quoted context omitted.
Could you expand on "align incentives" a little more please?
Why would I, a rich person, pay 10% of my income in the US when I can simply claim citizenship of another (business focused) country?
Earlier quoted context omitted.
Could you expand on "align incentives" a little more please?
At some point the poor are better off starting a revolution than being stuck at the bottom. We are heading to a future where most people are going to be poor because an average person with an average education is going to be unable to find a job.
Earlier quoted context omitted.
By politically I'm imagining a politician campaigning on the promise to increase the basic minimum income. Vote for me and I'll get your basic income increased. Don't vote for my opponent because they just want to cut your basic income! It's the tax issue all over again.
Exactly, and just as likely to be gummed up by complexity. After all, how can you be against teachers and firefighters receiving just a little more BI for their essential, thankless jobs?
Earlier quoted context omitted.
Could you expand on "align incentives" a little more please?
At some point the poor are better off starting a revolution than being stuck at the bottom. We are heading to a future where most people are going to be poor because an average person with an average education is going to be unable to find a job.
Earlier quoted context omitted.
Politically I don't see it being any different to progressive taxes which many (most?) countries already implement. Practically I suspect it will need to be quite low to avoid all sorts of distortions.
By politically I'm imagining a politician campaigning on the promise to increase the basic minimum income. Vote for me and I'll get your basic income increased. Don't vote for my opponent because they just want to cut your basic income! It's the tax issue all over again.
Moreover, it would be interesting to see what becomes of today's jobs if there were an basic income. E.g. what percentage of jobs would disappear and not be missed? How many people would continue to work at their current job?
[1] http://books.simonandschuster.com/The-Industries-of-the-Futu...
Negative. Those with money will fight like hell to keep from giving it up. However if by some chance/miracle a guaranteed income is ever instituted, it will become a political football, as politicians and advocacy groups seek to continuously push it higher and higher. Instead of a money handout, I would rather support money in exchange for public works and service. I don't believe handouts without some kind of exchan…
Politically I don't see it being any different to progressive taxes which many (most?) countries already implement. Practically I suspect it will need to be quite low to avoid all sorts of distortions.
The existing programs are very distorting already, often giving poor people 100%+ marginal taxes.
Sure, Basic Income would be distorting, but far less than that. It should also save a lot of money since it requires almost no people to administer.
This is also the biggest problem with instituting it, since the people holding those jobs will fight to the death to keep them.
Negative. Those with money will fight like hell to keep from giving it up. However if by some chance/miracle a guaranteed income is ever instituted, it will become a political football, as politicians and advocacy groups seek to continuously push it higher and higher. Instead of a money handout, I would rather support money in exchange for public works and service. I don't believe handouts without some kind of exchan…
Politically I don't see it being any different to progressive taxes which many (most?) countries already implement. Practically I suspect it will need to be quite low to avoid all sorts of distortions.
Negative. Those with money will fight like hell to keep from giving it up. However if by some chance/miracle a guaranteed income is ever instituted, it will become a political football, as politicians and advocacy groups seek to continuously push it higher and higher. Instead of a money handout, I would rather support money in exchange for public works and service. I don't believe handouts without some kind of exchan…