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

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601–610 of 746 posts

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

#601

UBI is meant to be a gambit to distract us from seeing that the playing field is so heavily tilted against everyone but the very rich and fortunate. the rich buy this diversion by periodically sliding some pennies down to the rest of us on the other end, while patting themselves on the back for doing such a magnanimous thing. what we really need to do is bring transparency and fairness to labor markets, and squeeze r…

This argument gets made over and over, never with any logic attached to it.

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

#602
post #157

UBI only makes sense in the science fiction world that Andrew Yang and other non-technical journalists think is somehow imminent. We still need people to make things. There are still guys hanging off the side of garbage trucks every day and people still pick fruits by hand. If no one does these things, you will starve and die. We cannot survive forever on financial engineering by bureaucrats and importing all our nec…

Thanks for your opinion. I for one fully support UBI. Maybe because the amount of homeless people in SF is insane.

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

#604

If the government starts giving me enough money each month to subsist while drastically raising taxes on my earnings from employment then I'll simply stop working. I would imagine most people would do the same.

Then you're lazy and have no sense of dignity, congrats!

Now give all these poor people a chance to prove that they're not like you, and many will.

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

#605
post #590

Earlier quoted context omitted.

There would still be markets and competition. There would be some baseline price increase when people stop being exploited. At a certain point equilibrium will be met and someone will come along with cheaper toilet paper. The difference will be there are more consumers in a safe position to make purchasing decisions.

You don't get it. The cost of labor would rise. You would have to pay paper factory workers more when they could just not work at all. The truck driver also needs to get paid more. The shelf stocker also needs to get paid more. The security guard needs to get paid more. Eventually you get $100 toilet rolls. > At a certain point equilibrium will be met and someone will come along with cheaper toilet paper. Yes, from o…

What amount of UBI gets us to $100 toilet rolls?

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

#606
post #411

Earlier quoted context omitted.

Bob needs to work because Bob wants to buy nicer things and lead a fuller life than sitting around playing video games in a dirty shack like Fred. Bob's work isn't subsidizing Fred's lifestyle unfairly (at least under Yang's proposal) because the UBI is paid for by a tax on consumption (the VAT)

I suggest you and Andrew Yang start giving Surfer Fred a cut of your paychecks every month. I bet the idea palls after you pass Fred hurrying to the beach with his surfboard as you drive to work.

Did your wife run off with a surfer?

People are trying to express this idea that the "people will be lazy and content themselves with a meager UBI" is not an accurate one, and nearly every reply you've made has been a nonsequitor about how we should presumably be resentful at paying surfers to surf.

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

#607
post #477

UBI should cover government-regulated and government-provided essentials to living. Ex.: * Government housing: $500 * Government basic food package - daily (1500kcal): $300 * x kJ electricity, x m3 water, x m3 gas, x bps internet connection: $500 * Clothing, hygiene, cleaning supplies: $50 * Universal healthcare: free (and free condoms) * Free education (from abc to PHD) This is not a comprehensive list, or even the…

I tend to agree - it should be Universal Basic Stuff (UBS). Particularly if housing is in a low cost of living area, then everything should get cheaper through automation. High End Manufactured housing [1], MOOCs, Telemedicine, Consumer Products will all get cheaper. Entrepreneurs in SV can create robots to automate the production of these things so even more UBS categories can be added. UBS assurances will avoid the…

who gets to live in more attractive areas? How different will it be from the current 'projects' living which subsidizes as well?

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

#608
post #477

UBI should cover government-regulated and government-provided essentials to living. Ex.: * Government housing: $500 * Government basic food package - daily (1500kcal): $300 * x kJ electricity, x m3 water, x m3 gas, x bps internet connection: $500 * Clothing, hygiene, cleaning supplies: $50 * Universal healthcare: free (and free condoms) * Free education (from abc to PHD) This is not a comprehensive list, or even the…

I tend to agree - it should be Universal Basic Stuff (UBS). Particularly if housing is in a low cost of living area, then everything should get cheaper through automation. High End Manufactured housing [1], MOOCs, Telemedicine, Consumer Products will all get cheaper. Entrepreneurs in SV can create robots to automate the production of these things so even more UBS categories can be added. UBS assurances will avoid the…

Housing has been made artificially scarce by the small property owners (homeowners) who have the most to gain from the situation. The government could make housing 3x-5x cheaper in the space of a decade by greatly curtailing the authority of local zoning boards.

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

#609
post #407

Earlier quoted context omitted.

Even universal has winners and losers. How do you deal with different cost of livings between Bay Area and Mississippi? If the UBI is not adjusted and covers living expenses in cheap areas but not expensive areas, then people might decide to live cheaply without a job. That risks creating slums. If it's adjusted to locality, then areas will grow and dwindle based on accuracy of those adjustment tables. Which would tu…

If you’re treating people wanting to live cheaply without a job as a negative situation that should be avoided, then I don’t think you’re in a mindset to be evaluating UBI specifics correctly. You should just be wholesale against it. The whole point is to free people from wage slavery. You’re worried that it will work! On an even broader level though, location caused cost of living differences being taken in to accou…

I'm for UBI. I'm just suggesting it should be implemented in a way that doesn't causes jobless people to group up into ghettos. Those areas would have high unemployment and little opportunity, putting those people in a dead-end. Even with UBI you want social mobility.

It's one extreme that could worsen class divide. The other extreme is making UBI too comfortable, which you highlight. It's a balance, and I don't know how to do it across different COL.

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

#610
post #598
post #595

Earlier quoted context omitted.

you've cleverly argued in a way to make hidden the major point i wanted to make - which is that insurance companies making a profit is a loss to the payer. I'm purely talking about the insurance system, and not the medical provider system (hospitals/doctors etc). > The large majority of the money isn't going to the insurance company, it's going to healthcare providers. Any money going into insurance as profit is a lo…

It's really even worse than that. The amount of money spent on medical billing is just obscene. It isn't "profit" for anyone, but it's vast inefficiency.

Extreme inefficiency. Extreme amounts of money spent simply on accounting and legal teams to keep track of all the plans, in companies which often have at least a dozen different plans per state. And every doctors' office and hospital and urgent care must hire or contract these services. Before beginning to serve a patient they and/or the patient must do paperwork to look up in-network specifics and insurance coverage terms.

It really is obscene and totally a waste, and it doesn't have to be this way. The notion that the free market does things more efficiently isn't always true, particularly in captive-market situations like healthcare, particularly in purely middleman industries like insurance which are actually incentivized to poorly allocate money to the alleged business purpose (covering medical services for people) because it increases their own profit margins.

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