no, we fucking don't.
Universal Basic Income is Capitalism 2.0
21–30 of 1001 posts
Re: Universal Basic Income is Capitalism 2.0
#22No, 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
#23No, 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
#24I 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…
Re: Universal Basic Income is Capitalism 2.0
#25I 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…
You're taking this as a given. Why? Remember that we are living in a time of record profits for many industries.
Re: Universal Basic Income is Capitalism 2.0
#26I 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
#27I 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.
Because you need food and shelter to survive. There's been no point in time where we didn't have to acquire it. We're just now getting to the point where the production of it requires nominal effort.
These are unprecedented times.
Re: Universal Basic Income is Capitalism 2.0
#28Re: Universal Basic Income is Capitalism 2.0
#29[flagged]
- no mention whatsoever of any existential threats e.g. climate change. full faith and credit in Mr. Market to get us out of that rut, i guess
- some definitions of "efficient" involve avoiding policies in one country (say worker and environmental protections) by moving to other countries where those same protections don't apply. so efficient seems to also mean unlawful, to some extent
- we'll trust these UBI recipients to "do the right thing" and goose up the economy immediately, instead of say, investing in infrastructure (education, health, science) that we know is a far better investment in the long term future of the country (but can't really be done by a couple grand per month, more like... i dunno... a government thing)
Re: Universal Basic Income is Capitalism 2.0
#30Won’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).