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Jack Dorsey is giving Andrew Yang $5M to build the case for a basic income

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Re: Jack Dorsey is giving Andrew Yang $5M to build the case for a basic income

#101

Post by drunkonpappy »

Ididntdothis wrote: post #76
JoeAltmaier wrote: post #73

Earlier quoted context omitted.

Not clear. They build new houses. Health care hires and expands. New schools open all the time. And volume decreases cost in those areas too. Now they may be over-regulated and broken; no argument there.

Are you saying that housing, education and health care haven’t seen massive price increases over the last few decades?

He didn't say that at all

He alluded to how those systems being over-regulated and broken prevent the usual economic factors from working. E.g. if you don't allow people to build new houses in certain places then that makes it quite easy for housing prices to go up in those areas

Re: Jack Dorsey is giving Andrew Yang $5M to build the case for a basic income

#102

Post by LAMike »

ricefield wrote: post #90
LAMike wrote: post #85

Earlier quoted context omitted.

> because they effectively own their oil industry Why can't we, as a society, come together and take ownership of our data, and sell it back to the companies using our data for profit?

It's not really your data though, how can you control / monetize it?

Are Google, Amazon and Facebook selling ads to robots?

I'm pretty sure we are the product, not the customer.

Think about what that means... advertisers spend money to get in front of people based on the data they think is important for their business, right?

It's derived from all of our data, which we are not getting paid for. Do you think these companies would be worth trillions if they weren't profiting off data we give them for free?

Re: Jack Dorsey is giving Andrew Yang $5M to build the case for a basic income

#103

Post by tomjakubowski »

jimbob45 wrote: post #98
throwaway_jobs wrote: post #5

I don’t think there is any good way to test UBI at any small scale, I think there needs to be a critical mass of people who can pay their housing and food costs how society and economic activity would be reshaped under such a system.

Were the US Coronavirus payouts not a small-scale test of UBI in themselves?

No more so than the 2008 stimulus checks. Both programs were non-universal and under both the number of dollars sent to eligible recipients depended on their incomes.

Re: Jack Dorsey is giving Andrew Yang $5M to build the case for a basic income

#105

Post by gpm »

mc32 wrote: post #93
throwaway_jobs wrote: post #5

I don’t think there is any good way to test UBI at any small scale, I think there needs to be a critical mass of people who can pay their housing and food costs how society and economic activity would be reshaped under such a system.

Maybe a small economy somewhere. There are small city-sized nation-states here and there around the world --both in industrialized areas and not so industrialized areas. They could try it in both and see what's what. $5MM isn't enough though.

So... let's say 500k people, 10k a year, 10 years, that's 50 billion dollars.

That's... not a small test. That's a small city deciding to go all in on trying it.

Re: Jack Dorsey is giving Andrew Yang $5M to build the case for a basic income

#106

Post by lukemichals »

Announced on https://open.spotify.com/episode/1xb2GYUPxoGAprDj3G4Idz?si=A...

I've got to say, I've moved almost entirely to consuming information via podcasts and Yang Speaks is one of my top ones.

1. Find some smart people/organizations you trust 2. Listen to them daily

Re: Jack Dorsey is giving Andrew Yang $5M to build the case for a basic income

#107

Post by Ericson2314 »

throwaway_jobs wrote: post #5

I don’t think there is any good way to test UBI at any small scale, I think there needs to be a critical mass of people who can pay their housing and food costs how society and economic activity would be reshaped under such a system.

You cannot test it at small scale, but it also works at small scale, so that's a nice bonus to dupe naysayers with.

Re: Jack Dorsey is giving Andrew Yang $5M to build the case for a basic income

#108

Post by WC3w6pXxgGd »

Giving †free money to people is exactly the opposite of what money exists to do. Money is a representation of value that you produce. It makes no sense when given for nothing.

† The money isn't free. By stealing money from productive people, you're laying claim to someone else's labor, which is literally the definition of slavery.

If the solution is to print the money, then you're imposing a tax on everybody through inflation (and future taxation).

Re: Jack Dorsey is giving Andrew Yang $5M to build the case for a basic income

#109

Post by mc32 »

gpm wrote: post #105
mc32 wrote: post #93

Earlier quoted context omitted.

Maybe a small economy somewhere. There are small city-sized nation-states here and there around the world --both in industrialized areas and not so industrialized areas. They could try it in both and see what's what. $5MM isn't enough though.

So... let's say 500k people, 10k a year, 10 years, that's 50 billion dollars. That's... not a small test. That's a small city deciding to go all in on trying it.

Yes, but you need a self-contained economy to test and prove things out.
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