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Basic income doesn't emphasize divisions between poor and working people

basicincomecanada.org

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Re: Basic income doesn't emphasize divisions between poor and working people

#3
As a Canadian entrepreneur I worry that mincome/basic income will serve to knock the wind out of the sails of many innovators and entrepreneurs who, like me, are currently DRIVEN to work hard, research, push the industry along and crank up competition.

I would much, much rather work hard, earn more money, and feed my neighbour - than have no hope of digging myself out of my situation no matter hos hard I worked, being taxed, and then myself being supported by taxes I lost after they've been spread around.

Rigt now I see a need and want to help by helping to educate entrepreneurs on how to make more money, when I see somebody trying really hard to succeed that makes me WANT to invest anything I can in their success. But the moment people want to pillage my profits Im finding greener pastures. I dont think Im alone in this - if mincome is a big tent that relies on a few strong tentpoles to hold it up and cover everybody - those tentpoles are hard working entrepreneurs. If mincome ever becomes a reality those tentpoles will leave and what was a tent sheltering and protecting people will collapse and suffocate all left inside.

Re: Basic income doesn't emphasize divisions between poor and working people

#4
post #3

As a Canadian entrepreneur I worry that mincome/basic income will serve to knock the wind out of the sails of many innovators and entrepreneurs who, like me, are currently DRIVEN to work hard, research, push the industry along and crank up competition. I would much, much rather work hard, earn more money, and feed my neighbour - than have no hope of digging myself out of my situation no matter hos hard I worked, bein…

What of the arguments that it would encourage entrepreneur by giving them more of a safety net to try new ventures? Additionally most studies suggest Basic Income won't be that much more expense and will save heavily on administration costs, so the tax aspect is minimal.

Re: Basic income doesn't emphasize divisions between poor and working people

#5
post #3

As a Canadian entrepreneur I worry that mincome/basic income will serve to knock the wind out of the sails of many innovators and entrepreneurs who, like me, are currently DRIVEN to work hard, research, push the industry along and crank up competition. I would much, much rather work hard, earn more money, and feed my neighbour - than have no hope of digging myself out of my situation no matter hos hard I worked, bein…

Most of the reports I've seen have stated that actually, it works the other way around. That the vast majority of people who go into entrepreneurship only do so if they have money to fall back on, one way or another, should their business fail. So by that logic, basic income should actually significantly increase the likelihood of entrepreneurship, because while mincome will still be low enough that people will want to work, it will be high enough to remove the barrier to entrepreneurship of: "but if this idea doesn't work out, I won't be able to eat"

Re: Basic income doesn't emphasize divisions between poor and working people

#6
post #3

As a Canadian entrepreneur I worry that mincome/basic income will serve to knock the wind out of the sails of many innovators and entrepreneurs who, like me, are currently DRIVEN to work hard, research, push the industry along and crank up competition. I would much, much rather work hard, earn more money, and feed my neighbour - than have no hope of digging myself out of my situation no matter hos hard I worked, bein…

HN has finally gone full Randian.

Re: Basic income doesn't emphasize divisions between poor and working people

#7
post #3

As a Canadian entrepreneur I worry that mincome/basic income will serve to knock the wind out of the sails of many innovators and entrepreneurs who, like me, are currently DRIVEN to work hard, research, push the industry along and crank up competition. I would much, much rather work hard, earn more money, and feed my neighbour - than have no hope of digging myself out of my situation no matter hos hard I worked, bein…

This seems to be against redistribution, not basic income. Basic income is "how" of redistribution. "How much" part is very much orthogonal.

Are you okay as long as basic income does not increase amount of redistribution, or do you have some specific objection to basic income as a method of redistribution?

Re: Basic income doesn't emphasize divisions between poor and working people

#8
post #3

As a Canadian entrepreneur I worry that mincome/basic income will serve to knock the wind out of the sails of many innovators and entrepreneurs who, like me, are currently DRIVEN to work hard, research, push the industry along and crank up competition. I would much, much rather work hard, earn more money, and feed my neighbour - than have no hope of digging myself out of my situation no matter hos hard I worked, bein…

Alright John Gault. If we're talking nation level, your startup is not a 'tentpole.' How does your market cap compare to GE, Google, Amazon, Lockheed? Those are redwoods, and there are plenty of those. You're a maple sapling, there are plenty of those too. You're doing that thing where the middle class rebels against their own interests by positioning said interests as the interests of the working class, because they see themselves as soooo much more driven, and hardworking -- get real, plenty of people living in poverty with the same hustle as you, they just grew up on the other side of Toronto without access to the same resources. Basic income doesn't come off the backs of small business, and that is a silly reason to be so afraid of it.

Re: Basic income doesn't emphasize divisions between poor and working people

#9
"If we’re interested in social policies that are resilient I think the dignity problem, or the moral aspects of these policies are worth considering more closely."

I certainly agree the moral aspects are worth considering. No matter how you arrange your basic income scheme (and the tax system to support it), it's going to split the population into two groups: those who are net recipients of government money, and those who are net contributors.

Don't let basic income advocates evade the question of who pays for their utopian scheme.

The current welfare systems are a messy parcel of compromises, but they at least acknowledge that people have to demonstrate need to be the recipients of government handouts. Once you establish that people have a permanent, inalienable right to an income, you imply that others are obligated to provide them with that income.

Re: Basic income doesn't emphasize divisions between poor and working people

#10
post #3

As a Canadian entrepreneur I worry that mincome/basic income will serve to knock the wind out of the sails of many innovators and entrepreneurs who, like me, are currently DRIVEN to work hard, research, push the industry along and crank up competition. I would much, much rather work hard, earn more money, and feed my neighbour - than have no hope of digging myself out of my situation no matter hos hard I worked, bein…

Alright John Gault. If we're talking nation level, your startup is not a 'tentpole.' How does your market cap compare to GE, Google, Amazon, Lockheed? Those are redwoods, and there are plenty of those. You're a maple sapling, there are plenty of those too. You're doing that thing where the middle class rebels against their own interests by positioning said interests as the interests of the working class, because they…

Opportunity is not evenly distributed, yes. But neither is skill.

> Basic income doesn't come off the backs of small business, and that is a silly reason to be so afraid of it.

What's the name of your business?

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