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Moving Forward on Basic Income

blog.ycombinator.com

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Re: Moving Forward on Basic Income

#931
post #899
post #886

Earlier quoted context omitted.

What a foolish analogy. The Mafia uses violence to force people to "agree" to things. If one "can't say no" to a contract because their pre-contract situation sucks and will be improved by adopting the contract, they have suffered no violence.

What difference does it make if the threat is actual violence or leaving you without an income so you end up on the street? What matters is not the particulars of the unpleasantness that awaits you if you don't accept the mafia's/corporation's offer, but the fact that the unpleasantness is a consequence of a situation that the mafia/corporation have themselves created.

> ... the unpleasantness is a consequence of a situation that the mafia/corporation have themselves created.

I don't understand how the corporation can be guilty. If someone offers you a job with a wage that you find modest, how is it his fault if nobody else is making you a better offer?

Re: Moving Forward on Basic Income

#932
post #931
post #899

Earlier quoted context omitted.

What difference does it make if the threat is actual violence or leaving you without an income so you end up on the street? What matters is not the particulars of the unpleasantness that awaits you if you don't accept the mafia's/corporation's offer, but the fact that the unpleasantness is a consequence of a situation that the mafia/corporation have themselves created.

> ... the unpleasantness is a consequence of a situation that the mafia/corporation have themselves created. I don't understand how the corporation can be guilty. If someone offers you a job with a wage that you find modest, how is it his fault if nobody else is making you a better offer?

There are a lot of things that companies do to make sure no one makes you a better offer. Here is just one recent example from the tech industry:

http://venturebeat.com/2014/05/23/4-tech-companies-are-payin...

Re: Moving Forward on Basic Income

#933

Earlier quoted context omitted.

> We know how people respond already. It's called welfare. Welfare is not the same as BI, and has different structural incentives, so there is no reason to expect that people will respond to BI the same as they do to means-tested welfare programs. > Do we have an energy boom like Alaska etc and fund it that way? No, we have a "growing returns to capital" boom, and fund it by taxing capital the same as other income, r…

> No, we have a "growing returns to capital" boom, and fund it by taxing capital the same as other income, rather than tax favoring it. Could you please provide some sort of example of this? > Welfare is not the same as BI, and has different structural incentives, so there is no reason to expect that people will respond to BI the same as they do to means-tested welfare programs. I'm well aware they are not the same.…

> Could you please provide some sort of example of this?

An example of taxing capital the same as other income? Basically, its just elimiting reduced LTCG rates and other reduced rates of taxation applied to capital gains. (Probably with added provisions to allow advanced and deferred recognition of gains so that irregular windfall gains -- capital or otherwise -- aren't unfairly taxed as all current-year income in a progressive system.)

> However I work with many who are on wellfare and understand their mindset a good % of people who will be on BI will be these people.

In a UBI, everyone will be on the UBI. The initial percentage of the people who will be on UBI that are current welfare beneficiaries is equal to the percentage of the population that are current welfare beneficiaries.

(In what I see as a sensible transition to a mature UBI funded primarily by taxes on capital, the early net direct beneficiaries of UBI are mostly not current welfare beneficiaries, but working people who are not eligible for means-tested welfare programs, since means-tested programs would only be phased out as UBI-counted-as-income resulted in eliminating eligibility for them.)

Re: Moving Forward on Basic Income

#934
post #60

So, a question for the BI fans: I've seen it said repeatedly that BI will save us money (or at least, not be so outrageously expensive) in part because we can eliminate existing welfare programs. "Just cut a single check, no more overhead from several agencies", they say. But riddle me this: what do you do when someone on BI has a financial emergency or, as will happen with some regularity, just flat-out blows all th…

How is that different from spending all your welfare money before the next cheque arrives?

Re: Moving Forward on Basic Income

#935
post #912

Earlier quoted context omitted.

if you loved austrailia so much, move back. you have to take the 'bad' with the good. we built a system that enables people with ideas to chase their dreams and succeed. that means companies have the ability to pay people with low skills and experience less than those with. honestly, if you are being treated like a slave, move to another company. if you cant, you don't have skills employers want. get them. during the…

Speaking as a native American, I cannot disagree more. The spirit and very origin of our great nation is to never accept the bad with the good, but to doggedly pursue the very best in everything.

(assuming you mean the United States as "our great nation") Our country was founded on compromise. We baked slavery and misogyny into our Constitution. We have been explicitly accepting bad with good since day 1.

Re: Moving Forward on Basic Income

#936
post #810

The most compelling case I've seen made recently for basic income is from Yanis Varoufakis (the infamous Greek finance minister who resigned after refusing to agree to the terms of the bailout that the Greek people voted against in a referendum): https://www.youtube.com/watch?v=BvgdtF3y0Ss There were many gems in that talk, but this one stood out to me in particular: "The right to turn down a job is essential for a w…

"Take an IPhone - you find a variety of technologies - each one was created by some government grant... The collective production of wealth, which is then privately appropriated.. it's very easy to start thinking of basic income as a dividend that goes to the collective that was responsible for collectively producting the wealth." "We need to create a system whereby society stakes a claim to the returns to aggregate…

Except "collectively" is very misleading when you're taking the capital gains from say, 20k employees of a tech company and re-distributing it to 300M / 6 Billion people.

Generally I agree that being fed and housed will remove constraints on labor allocation - but its a slippery hill that ultimately leads to globalist communism. I'm not being hyperbolic - this is the system essentially described in the quotes above.

Re: Moving Forward on Basic Income

#937

Earlier quoted context omitted.

if you loved austrailia so much, move back. you have to take the 'bad' with the good. we built a system that enables people with ideas to chase their dreams and succeed. that means companies have the ability to pay people with low skills and experience less than those with. honestly, if you are being treated like a slave, move to another company. if you cant, you don't have skills employers want. get them. during the…

You sound like some kind of redneck with that "go back to your country" bullshit. Someone is making very good points and that's the best thing you can say.

No need to begin name calling because you disagree with his point of view. Next time, try contributing to the debate instead. Follow your own lead.

Re: Moving Forward on Basic Income

#938
post #861

Earlier quoted context omitted.

>The Mafia loves to give us options that we can't refuse, to make us offers we can't refuse. Send us a fat portion of your workers' pay to fund our Utopian vision. Or else.

> Send us a fat portion of your workers' pay to fund our Utopian vision. Or else. The freedom that UBI provides includes your freedom to refuse the oppressive burden of becoming rich and having to pay taxes in the process. The more people who do object to the burdens of wealth, the easier it will be for the non-retarded to become rich in their place. Paying income taxes is completely voluntary. Don't earn any/much in…

"Object to the burdens of wealth."

I'd rather have the burdens of the wealthy than the poor. Losing money or whatever seems less of a burden than starving or freezing to death.

Re: Moving Forward on Basic Income

#939

Earlier quoted context omitted.

Basic income has a whole host of pretty interesting self-reinforcing feedback loops that seemingly would improve things overall. For example, people would be more likely to leave jobs that were unsafe, treated people poorly, etc. Including situations where employers weren't following labor laws and regulations (which is a huge problem today). Meaning that maybe it'd be more likely that the fire code, sanitary regulat…

Same logic is used in free market arguments: Workers leaving jobs to go to other companies creates an incentive for employers to improve work environments. In both scenarios the workplaces become better off, but what really happens in practice is less than ideal.

UBI is not an alternative or opposite to free labor markets. It simply provides a baseline level of income so that at the bottom end, the driving force behind an employee's decision to take a job or not is not driven by things like starvation.

Re: Moving Forward on Basic Income

#940
post #810

The most compelling case I've seen made recently for basic income is from Yanis Varoufakis (the infamous Greek finance minister who resigned after refusing to agree to the terms of the bailout that the Greek people voted against in a referendum): https://www.youtube.com/watch?v=BvgdtF3y0Ss There were many gems in that talk, but this one stood out to me in particular: "The right to turn down a job is essential for a w…

"Take an IPhone - you find a variety of technologies - each one was created by some government grant... The collective production of wealth, which is then privately appropriated.. it's very easy to start thinking of basic income as a dividend that goes to the collective that was responsible for collectively producting the wealth." "We need to create a system whereby society stakes a claim to the returns to aggregate…

This sentiment appeals to the better angels of our nature while totally disregarding the little devils that sit on most of our other shoulders.

Maybe Paris Hilton doesn't deserve that trust fund, but lots of little devils on shoulders will convince her and especially politicians that she does.

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