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Universal Basic Income is Capitalism 2.0
11–20 of 1001 posts
Re: Universal Basic Income is Capitalism 2.0
#12I can’t help but think that UBI would distort job markets. Let’s pick an example of a “sucky job” (and I say this as just an example, I realize these guys work hard and are vital). A garbage man. He get’s paid $42k a year because they have to find people who would be willing to do this sucky job and need to pay higher than minimum wage to do so. At some point of income, people would be willing to accept the suckiness.
Now let’s throw UBI into the world. Everyone is getting $2k a month. Now a garbage man says “I’m not gonna be a garbage man anymore, I can do something I love now, like a music teacher that pays $30k”. Now we have no garbage man and the wage would need to increase to find new people. To cover that, taxes go up. Higher taxes are a regressive solution to giving people more money.
Re: Universal Basic Income is Capitalism 2.0
#13Won’t it just be negated with increased cost of living? If people get 1000 a month free, you better believe that rent starts at 1000.
The free money will never do what it’s supposed to do in the long run. It’s better to just give the actual service for free (healthcare, college, transportation).
Re: Universal Basic Income is Capitalism 2.0
#14No, a land value tax is Capitalism 2.0 - deriving tax revenues from people who don't work instead of people who do work.
That’s a really regressive tax and would punish poor people, who have a much greater portion of their net worth tied up on land than a rich person.
Re: Universal Basic Income is Capitalism 2.0
#15most of the middle eastern countries have UBI. Hasnt really done anything for them
Re: Universal Basic Income is Capitalism 2.0
#16Won’t it just be negated with increased cost of living? If people get 1000 a month free, you better believe that rent starts at 1000. The free money will never do what it’s supposed to do in the long run. It’s better to just give the actual service for free (healthcare, college, transportation).
And it will obviously never just sit at $1000.
There will be a riot every other week to change the UBI payments.
"Too high!" "Too low!"
Re: Universal Basic Income is Capitalism 2.0
#17I can’t help but think that UBI would distort job markets. Let’s pick an example of a “sucky job” (and I say this as just an example, I realize these guys work hard and are vital). A garbage man. He get’s paid $42k a year because they have to find people who would be willing to do this sucky job and need to pay higher than minimum wage to do so. At some point of income, people would be willing to accept the suckiness…
UBI frees people from economic coercion.
poverty is like having a gun to your head. you do what you’ve gotta do.
if salaries for essential, dirty jobs must go up, i am all for it.
Re: Universal Basic Income is Capitalism 2.0
#18No, a land value tax is Capitalism 2.0 - deriving tax revenues from people who don't work instead of people who do work.
That’s a really regressive tax and would punish poor people, who have a much greater portion of their net worth tied up on land than a rich person.
At least where I'm from, poor people typically don't own land. They rent. I guess the argument can be made that the landlords would put the rent up to compensate.
Re: Universal Basic Income is Capitalism 2.0
#19I can’t help but think that UBI would distort job markets. Let’s pick an example of a “sucky job” (and I say this as just an example, I realize these guys work hard and are vital). A garbage man. He get’s paid $42k a year because they have to find people who would be willing to do this sucky job and need to pay higher than minimum wage to do so. At some point of income, people would be willing to accept the suckiness…
Or you just need to pay more for garbage disposal. In Zurich for example you pay per bag of garbage.
Re: Universal Basic Income is Capitalism 2.0
#20GDP is a bad metric. The planet does not have unlimited resources to fuel unlimited growth.