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I like the simple argument made here about UBI enabling efficient consumption. I worry about three things with UBI though and they're more social than economic. 1. Power Divide - society will be easily divided into two groups: those who depend on the UBI to live and those who don't. The former will be absolutely at the mercy of the latter. We can see this a little bit with the coronavirus relief packages. 2. Predator…
Universal basic income is not compatible with open borders. This is the main reason the left struggles with promoting it.
Earlier quoted context omitted.
Power Divide - society will be easily divided into two groups: those who depend on the UBI to live and those who don't. The former will be absolutely at the mercy of the latter. One aspect of UBI is that poor people would be less at the mercy of the rich. If you're a poor person now you absolutely have to try to keep your horrible job else you'll lost the ability to pay rent and buy food. You have to take all the cra…
This is a weird comment to make when people are simultaneously discussing how the rich have the state do what they need - corruption, lobbying, regulatory capture, tax breaks, interest-free loans... It shifts the power from employers to the state, not to the employees, the state then merely allows the former employees to play a little.
It's perfectly possible to build in security mechanisms.
Earlier quoted context omitted.
On the other hand, there's me. I hate not working. I would appreciate a UBI, as it would let me get out of a not so great place, and let me focus on working on what I like to do, but I would definitely still be doing useful work.
If the work your going to be doing is useful, then why don't you do it? Or is it objectively not as useful as your current occupation? In general the market compensates based on how much it is wanted by others. It's amazing what an individual will think is useful when doing the work, vs what a customer who pay for.
You can make $500k+, but you have to spend your time building things that are not only useless, but a net negative to the world.
Or you can choose to spend your time building things that actually benefit individuals as well as humanity and large. But if you want to do that, you have to do it for free.
I like the simple argument made here about UBI enabling efficient consumption. I worry about three things with UBI though and they're more social than economic. 1. Power Divide - society will be easily divided into two groups: those who depend on the UBI to live and those who don't. The former will be absolutely at the mercy of the latter. We can see this a little bit with the coronavirus relief packages. 2. Predator…
> 1. Power Divide - society will be easily divided into two groups: those who depend on the UBI to live and those who don't. The former will be absolutely at the mercy of the latter. We can see this a little bit with the coronavirus relief packages.
The world is already divided like this.
I like the simple argument made here about UBI enabling efficient consumption. I worry about three things with UBI though and they're more social than economic. 1. Power Divide - society will be easily divided into two groups: those who depend on the UBI to live and those who don't. The former will be absolutely at the mercy of the latter. We can see this a little bit with the coronavirus relief packages. 2. Predator…
Suppliers always price their goods as high as they can for the specific values of supply, demand and competition, and none of those things will change. The customers will just have more money to pay for the right to live under a roof.
I like the simple argument made here about UBI enabling efficient consumption. I worry about three things with UBI though and they're more social than economic. 1. Power Divide - society will be easily divided into two groups: those who depend on the UBI to live and those who don't. The former will be absolutely at the mercy of the latter. We can see this a little bit with the coronavirus relief packages. 2. Predator…
I'm also wondering about how the amount will be set in practice. Assume UBI is introduced now and set at $1000 per month. In 20 years, $1000 per month will probably not be enough for a basic income, so the amount would have to be raised somehow. Will it be rules-based? Or will it be subject to the same political fights as the minimum wage currently?
Earlier quoted context omitted.
Power Divide - society will be easily divided into two groups: those who depend on the UBI to live and those who don't. The former will be absolutely at the mercy of the latter. One aspect of UBI is that poor people would be less at the mercy of the rich. If you're a poor person now you absolutely have to try to keep your horrible job else you'll lost the ability to pay rent and buy food. You have to take all the cra…
This is a weird comment to make when people are simultaneously discussing how the rich have the state do what they need - corruption, lobbying, regulatory capture, tax breaks, interest-free loans... It shifts the power from employers to the state, not to the employees, the state then merely allows the former employees to play a little.
Like proportional representation, approval voting, banning corporate money from politics, etc.
I like the simple argument made here about UBI enabling efficient consumption. I worry about three things with UBI though and they're more social than economic. 1. Power Divide - society will be easily divided into two groups: those who depend on the UBI to live and those who don't. The former will be absolutely at the mercy of the latter. We can see this a little bit with the coronavirus relief packages. 2. Predator…
Power Divide - society will be easily divided into two groups: those who depend on the UBI to live and those who don't. The former will be absolutely at the mercy of the latter. One aspect of UBI is that poor people would be less at the mercy of the rich. If you're a poor person now you absolutely have to try to keep your horrible job else you'll lost the ability to pay rent and buy food. You have to take all the cra…