I understand the argument that, once free from work, a number of people will voluntarily choose to work as physicists or playwrights or mathematicians. What I haven’t understood, though, is why someone would choose to work as a bricklayer or spend their 20s sitting in a fluorescent office designing an industrial process to make ball-bearing lubricant 0.4% more efficient. It’s that sort of menial, unglamorous labor th…
Finland is scrapping plans to extend its basic income project
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Re: Finland is scrapping plans to extend its basic income project
#12The world doesn't come to an end; the people don't all become listless and stop contributing. The currency doesn't inflate uncontrollably; prices don't change at all. The cost of living is unchanged (because economics doesn't work that way).
All the FUD produced over this is astonishing. I admit, I had questions to begin with as well. But it takes only a little reading and thinking to get over it.
Re: Finland is scrapping plans to extend its basic income project
#13I understand the argument that, once free from work, a number of people will voluntarily choose to work as physicists or playwrights or mathematicians. What I haven’t understood, though, is why someone would choose to work as a bricklayer or spend their 20s sitting in a fluorescent office designing an industrial process to make ball-bearing lubricant 0.4% more efficient. It’s that sort of menial, unglamorous labor th…
It's also that sort of labor that has been—and will continue to be—replaced by robots.
As for why someone would do that? Well, you still get paid your UBI even if you have a job. So they would do that for the same reason anyone does that—they want the money.
Re: Finland is scrapping plans to extend its basic income project
#14There are two problems with universal basic income: 1/ Many people think UBI is a great idea but everybody imagines something else. This makes discussing UBI very difficult. 2/ Regardless of what version of UBI you personally support, it is probably not a good idea to give money to those who don't need it. Sooner or later people will realize that what they really want is tax/benefit reform, not universal basic income…
Irrespective of anyone's personal opinion, I'm absolutely sure it's not everybody. And there are valid reasons for this - but every opponent also imagines something different, just as proponents do.
Re: Finland is scrapping plans to extend its basic income project
#15There are two problems with universal basic income: 1/ Many people think UBI is a great idea but everybody imagines something else. This makes discussing UBI very difficult. 2/ Regardless of what version of UBI you personally support, it is probably not a good idea to give money to those who don't need it. Sooner or later people will realize that what they really want is tax/benefit reform, not universal basic income…
Re: Finland is scrapping plans to extend its basic income project
#16These experiments confuse me. Haven't we already seen the result of UBI? Pensions, states that issue money (from state oil income etc), allowances, annuities? The world doesn't come to an end; the people don't all become listless and stop contributing. The currency doesn't inflate uncontrollably; prices don't change at all. The cost of living is unchanged (because economics doesn't work that way). All the FUD produce…
Re: Finland is scrapping plans to extend its basic income project
#17There are two problems with universal basic income: 1/ Many people think UBI is a great idea but everybody imagines something else. This makes discussing UBI very difficult. 2/ Regardless of what version of UBI you personally support, it is probably not a good idea to give money to those who don't need it. Sooner or later people will realize that what they really want is tax/benefit reform, not universal basic income…
Re: Finland is scrapping plans to extend its basic income project
#18These experiments confuse me. Haven't we already seen the result of UBI? Pensions, states that issue money (from state oil income etc), allowances, annuities? The world doesn't come to an end; the people don't all become listless and stop contributing. The currency doesn't inflate uncontrollably; prices don't change at all. The cost of living is unchanged (because economics doesn't work that way). All the FUD produce…
Well, in the US two groups that do get state distributions - residents of Alaska and those on Native American reservations - do have disproportionate rates of substance abuse (mainly alcohol).
As far as seniors who get pensions, what is your definition of "contributing"? In many cases they are eligible for those pensions only once they declare themselves retired.
Re: Finland is scrapping plans to extend its basic income project
#19There are two problems with universal basic income: 1/ Many people think UBI is a great idea but everybody imagines something else. This makes discussing UBI very difficult. 2/ Regardless of what version of UBI you personally support, it is probably not a good idea to give money to those who don't need it. Sooner or later people will realize that what they really want is tax/benefit reform, not universal basic income…
What’s the reasoning behind #2?
Re: Finland is scrapping plans to extend its basic income project
#20There are two problems with universal basic income: 1/ Many people think UBI is a great idea but everybody imagines something else. This makes discussing UBI very difficult. 2/ Regardless of what version of UBI you personally support, it is probably not a good idea to give money to those who don't need it. Sooner or later people will realize that what they really want is tax/benefit reform, not universal basic income…
Wrong. The system doesn't work if you don't give people to money who don't need it: the administrative requirements of assessing who and who doesn't need it, and then policing all this, is just too high. This is the reason UBI was invented in the first place!
It's very simple: you give the same money to everyone, even if they're a billionaire. To make up for this, you raise the taxes a commensurate amount on the people who don't need it (and more for the really rich people, because the idea is wealth redistribution). So someone making $100k, for instance, obviously doesn't need a handout, so you raise their taxes that same amount so they're paying back in taxes what they're getting from the UBI, and netting zero. It's much easier to do this than to have thousands of government workers auditing everyone to make sure they aren't "cheating" by receiving money they're not qualified for, which is what we do with current welfare schemes.
>Sooner or later people will realize that what they really want is tax/benefit reform
No, tax reform doesn't do anything to reduce the administrative burden of current welfare systems. UBI does. Less money you pay out for unnecessary government office workers is more money you can end up giving to people in need, and society will be better off with those government workers finding more productive professions which might actually generate more wealth and taxable income, instead of just being a drain on taxpayers.