141–150 of 182 posts
Open borders and UBI are mutually exclusive. There, I said it.
No - rich Nordic countries have an obligation to open borders due to their wealth, relative privilege and the climate emergency that will push everyone up northward into these countries
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>Do those activities generate enough money, so that government collects enough taxes from you, to cover your UBI + all the other costs (roads, schools,...)? If not, you're still a net burden on society. I challenge your assumption that someone's worth to society can be accounted for by tax revenue.
If you provide something that the society wants, they're willing to pay for it. If you make good beer, people will buy it, if you make good music, people will pay for tickets to listen to your shows, if you make great art, people will buy it,... Tax revenue is just a percentage of the income you make. Is your work/activity/service really worth anything, if noone is willing to pay for it?
people pay for sex, yet sex workers aren't legally able to report their income and pay taxes.
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Nobody paid my mother to raise me well. Nobody pays me to call her, or visit her. Nobody pays me to coach my younger siblings. Nobody paid that one great teacher to cultivate a love for programming in me, when just doing okay was enough. Nobody paid that one guitar player/singer who left a lasting impression on me with his song. Nobody pays for my girlfriend to show affection to me, or spend time with me. Nobody pays…
But how much food can you buy with all the things you've listed as something you didn't get paid for? How much rent can you pay? How many plumbers, electricians can you call with your mothers love? You can strike a deal with an electrician, to call them or visit them, if they want, but if they don't, you have to offer them something they want - usually that's money. You can still do all that, but you're expecting oth…
All the things GP listed were things that enabled him to make money and buy all the things, yet no one got paid for it.
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It comes from spending the money. If you don't understand that, then time to get the book and learn how the money system works https://www.amazon.com/dp/B07YM2K8F3
This answer fundamentally doesn't work; let me see if I can concisely explain why. When someone spends money to buy a good or service, the money recirculates but the actual thing they've bought is consumed. If you pump up the supply of money by taking the same amount of money and recirculating it through the economy more, but without increasing the supply of goods and services, this means that the price of those thin…
As I said go read the book and learn something. Pro-tip. You completely forgot about consumption and income taxes. And that there is unemployed labour capacity available - anywhere across the world.
There isn't a finite amount of stuff, there is always capacity to expand in a business, but it may take a while, and hardly anything is subject to price auctions (see PPE for details).
What happens when we hit capacity is that there is forced savings. You end up with spending capacity but nothing to buy or nothing you want to buy. In the vernacular your spending becomes ineffective. Excess savings have the same economic effect as taxation.
It's the excess savings that income schemes are trying to offset. But that just moves the problem from the financial sphere into the real sphere - why should I grow you any carrots if you're not contributing your effort to the common good?
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It comes from spending the money. If you don't understand that, then time to get the book and learn how the money system works https://www.amazon.com/dp/B07YM2K8F3
Even Wray and Mitchell aren't radical enough to argue that money printing without work incentives is sustainable...
The money comes from spending the money. And you can do that right up to the point where you run out of unemployment.
In the vernacular where government spending becomes ineffective.
We should just give everyone $100k a month so we can all be rich. If you think that is a stupid idea then what is the threshold with a lower amount that this becomes a smart idea? What evidence is there that whatever threshold you come up with is less stupid than my $100k a month?
We (Europe) already do give people a certain amount per month. We give them healthcare, pensions and various other tax breaks depending on needs. It is all very complicated. The idea is to replace the complication with a simpler UBI in as close to a cost neutral manner as possible.
Taking money from healthcare and putting it in my pocket so I have to pay for it myself doesn't bring me much income you know.
Open borders and UBI are mutually exclusive. There, I said it.
You're right. We gotta push for Global Universal Basic Income. Someone surely has "X% of people live on less than 5 dollars a day" stats available on hand. If it makes their lives better over there, they have less incentive to uproot their life to go over here.
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It comes from spending the money. If you don't understand that, then time to get the book and learn how the money system works https://www.amazon.com/dp/B07YM2K8F3
> It comes from spending the money. No, it comes from taxing people outside the experiment.
The real goods and services comes from outside the experiment. Scratch any UBI scheme and you'll find
(i) a tax credit system in disguise because the amount isn't enough to live on (ii) a currency lock with an area that doesn't receive the payment and who fill the goods and services deficit, or (iii) a set of people who don't receive the payment (usually due to a qualifying period), and who fill the goods and services deficit.
Medicare for All (or equiv) is enabler for widespread UBI. The combo of M4A, UBI, and affordable childcare will lead to an explosion of entrepreneurial spirit, small businesses, and startups. If I had had health insurance, I would have taken a lot more risks. But I average a major health crisis every two years, so whenever I ran out of savings and COBRA, I had to take jobs just to get insured. (ACA helped by prohibit…
Funnily enough, the western country with the least amount of safety net has the most successfull startup community and entrepreneurial spirit. Must be an anomaly in your theory.
It only works for a relatively small group of people. Scaling it up to 100% of the population would result in inflation.
There is no money added, it comes from other systems it replaces