41–50 of 181 posts
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Nope landlords will just raise rents back to approximately the same level of poverty.
That would probably make a lot of new housing construction more economically viable. I’m not sure what the overall effects of UBI would be, but this seems like it would be a short term effect.
Earlier quoted context omitted.
It would probably cause price inflation. I think if my landlord knew that I was receiving an extra amount of money each month, that everyone got this extra amount of money, they would naturally raise the price of my rent. Retailers would do this for certain. Otherwise it is leaving money on the table, and successful businesses tend to be very aware of this. A UBI would only work if there were massive cost controls, w…
Would a removal of income tax not net the same result?: an increase in money supply, therefore an increase in inflation. We could always dig at the cultural issue and work towards making greed a degenerate trait to be shunned and managed out.
I don't know much about UBI. How do people generally see it being implemented? Does everyone get the exact same, flat amount? Do only people below a certain income get it? Does the amount gradually decline based on current income? Does the amount change based on cost of living? If someone remains destitute after being given UBI - is that now more clearly "on them," or do they now qualify for additional support? Genui…
There’s also the concept of “guaranteed minimum income,” which, I believe, just tops you up to the minimum income amount if you make less. In comparison, guaranteed minimum income seems much more difficult to administer (means testing and all that), and it seems like it would incentivize bad habits, in the sense that if you make less than the threshold, why not just quit your job?
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The closest thing we had to it - welfare and unemployment benefits without work requirements or onerous means testing - were dismantled on the basis of shoddy (read: nonexistent) research and amidst an atmosphere of racism and classism, and with the current status quo perpetuated by the perverse incentives of public-private "work search support" contracts. Any analysis of resistance to the implementation of UBI shoul…
> We've known for a while now that the best approach Another settled science, and it for the progressive outlook. What an amazing coincidence.
The idea of UBI, to me at least, is a mind-blowing one. It’s a shame something like this doesn’t exist on a large scale already. I know I’m probably missing something important here, but can someone outline any good reasons, if any, that it hasn’t been implemented yet?
It already does exist in some places in the form of sovereign wealth funds, such as the Alaska Permanent Fund [1]. [1]: https://en.wikipedia.org/wiki/Alaska_Permanent_Fund
My other main criticism is the fact that most of these experiments measure how “happy” or less anxious the recipients become. Which to me is obvious, yes, free money can do that. But again, they’re measuring the impact of limited free money without the downsides of higher taxes and market impact. Would any of these experiments demand that the recipients also lose access to any other government assistance they may be on? To my knowledge none of them do.
Edit: To put it more succinctly, they are measuring the impact of a stipend and not a basic income program.
Earlier quoted context omitted.
Nope landlords will just raise rents back to approximately the same level of poverty.
If you upzone and increase supply, it becomes a buyers market and landlords have to lower their prices.
If you want to reduce the cost of living you increase supply. UBI will not affect supply nor demand, it will just affect the existing demand’s ability to pay a higher price universally and knowably. As a landlord, I would be an idiot not to raise rents by $x soon after implementation. Every landlord knows this and so they’d all do it together, no coordination necessary.
The idea of UBI, to me at least, is a mind-blowing one. It’s a shame something like this doesn’t exist on a large scale already. I know I’m probably missing something important here, but can someone outline any good reasons, if any, that it hasn’t been implemented yet?
A UBI of $x/month will just yield rent increases of $x/month.