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Is giving people cash working? Six months of Denver's Basic Income Project

denverite.com

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Re: Is giving people cash working? Six months of Denver's Basic Income Project

#121
post #47

[flagged]

> reducing reproduction amongst the population that cannot raise children to a standard that is contributing to society How would one predict who is going to have children that contribute to society and who is not? If the idea is to stop them reproducing then you have predict ahead of time, after all.

it's less about children that will ultimately contribute and more about parents that are incapable of providing for their children

Re: Is giving people cash working? Six months of Denver's Basic Income Project

#122
A control group would be people tracked without having received any money. The $50/month group doing nearly as well as the $1000/month group implies to me the overall situation in the city changed, and that's the majority of the improvement. Maybe $50 really was enough to flip over the edge, but we can't tell for sure because they don't have a real control group.

Re: Is giving people cash working? Six months of Denver's Basic Income Project

#123

[flagged]

> I don't see a path where citizens come together to agree on a UBI. In a convoluted, bureaucratic way, we have many of the pieces of UBI (welfare, unemployment, social security, minimum wage). We just lack the "universal" part. I agree that UBI is contentious, but I wouldn't be surprised if UBI dressed up in some definitely-not-socialism clothing eventually reaches critical mass of support. > fixing the hard things…

that's why I said it's hard

Re: Is giving people cash working? Six months of Denver's Basic Income Project

#124
post #79

Earlier quoted context omitted.

> Why's that ridiculous? Because drawing conclusions about what happens if you guarantee income to everyone , based on studying a project that only guaranteed income to homeless people, is ridiculous. > a small scale trial Is not what this is. You can't have a "small scale trial" of universal basic income. That's the whole point.

No, what's ridiculous is claiming that conclusions from this study cannot apply to UBI. Nobody is claiming the study models inflation, it's about homelessness. Basic Income is part of Universal Basic Income, and I think it's pretty reasonable to expect some conclusions apply to each.

No, you still misunderstand: "Basic Income" for some small groups of people works on a totally different principle than "Universal Basic Income" that applies to everyone. One is about giving a break to some unfortunate people, and helping them make a living in the current economic environment. The other is a complete overhaul of the economic reality we live in.

Re: Is giving people cash working? Six months of Denver's Basic Income Project

#125

[flagged]

Fixing education? What does education have to do with this? Are we really still pretending in this day and age that education is some magical panacea to fix even a fraction of the ills? A populace with a lot of education and a poor means to earn a living wage just means you'll end up with a lot of educated poor people. The current way of things is an anomaly in human history. You can't have a continuous consolidation…

education prevents people from doing a lot of dumb things, yes

Re: Is giving people cash working? Six months of Denver's Basic Income Project

#126

Earlier quoted context omitted.

No, what's ridiculous is claiming that conclusions from this study cannot apply to UBI. Nobody is claiming the study models inflation, it's about homelessness. Basic Income is part of Universal Basic Income, and I think it's pretty reasonable to expect some conclusions apply to each.

No, you still misunderstand: "Basic Income" for some small groups of people works on a totally different principle than "Universal Basic Income" that applies to everyone. One is about giving a break to some unfortunate people, and helping them make a living in the current economic environment. The other is a complete overhaul of the economic reality we live in.

Where's the breakdown? How does Basic Income for the middle class invalidate Basic Income for the destitute?

Re: Is giving people cash working? Six months of Denver's Basic Income Project

#127
post #55

Earlier quoted context omitted.

I don't think UBI is a politically stable idea. It will be diluted by different initiatives to favour certain groups over others, and the actual UBI income will soon be eaten by inflation. Fast forward 10 years and the same problems will remain.

i imagine if we tried to introduce this there would be a huge campaign by companies like food delivery apps against it.

The price of low skilled labour will increase a lot, and that will drive inflation. Perhaps some think it will be for the better, and I can see the argument. But it will mean that many companies will not be able to afford the labour they need to operate, and will need to shut down. Perhaps still no problem? But if the economy stagnates, there will be less taxes paid, and harder to finance the whole UBI thing. It will have assymmetric effects. I think it is a kind of singularity thing. The effects will be difficult to predict, but I think it will cause new problems to a degree that other better policies will not.

Re: Is giving people cash working? Six months of Denver's Basic Income Project

#128
post #47

Earlier quoted context omitted.

> reducing reproduction amongst the population that cannot raise children to a standard that is contributing to society How would one predict who is going to have children that contribute to society and who is not? If the idea is to stop them reproducing then you have predict ahead of time, after all.

it's less about children that will ultimately contribute and more about parents that are incapable of providing for their children

Right but how will you know ahead of time which parents will be incapable of providing for their children?

Re: Is giving people cash working? Six months of Denver's Basic Income Project

#129

Earlier quoted context omitted.

I don't think you can have a $0 control group just because you have to pay the controls to fill out your surveys and such, otherwise their stats will be very out of whack.

Wouldn't it make more sense to compare to existing welfare programs (if there are any?). A bit like new drugs often are not tested against placebo, but against existing drugs which already treat the same condition.

I imagine that would introduce way more sources of error you can't control for, especially since ethically you can't incentivize follow-ups using welfare services they would otherwise already be entitled to.

Re: Is giving people cash working? Six months of Denver's Basic Income Project

#130

Earlier quoted context omitted.

What's a scenario in which adding $20K to my income results in more than $20K in additional taxes? The highest marginal tax rate in the U.S. for 2023 is 37%, and it kicks in after about $578K for a single filer. So increasing my income by $20K increases my tax bill by at most 37% of $20K.

We can't give everyone $20K without raising taxes. The money has to come from somewhere. Taxes would go up to pay for it. You can't have both UBI and the current tax rates.

Realistically you may be correct - however, it is within the realms of possibility that enabling poor people to take part in the economy will drive value creation, and that this increase to the tax base could fund UBI.

Stock buy-backs don't create any value, or, if they do, it is obscure to me. You may get a one-time bump in capital gains tax, but it's nothing to build an economy on.

A million new dishwashers, though - that's taxable profit and increased emploment. Could UBI drive a virtuous cycle in which everyone gets richer? It certainly looks from here like inequality fundamentally shrinks the pie, even if it works out nicely for some eaters.

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