Time to rethink the meaning of work?

Post by i_dont_know_ » Sat, Feb 24, 2018, 10:14 AM UTC

lootsauce wrote: post #6

I used to be very excited about Universal Basic Income. Then I thought about what might actually happen. UBI will cause dramatic price inflation in response to everyone knowing that everyone is getting x amount of money. This will quickly neutralize the intended effect of UBI. It might sound great to get 10,20,40k automatically for everyone but this will have an immediate inflationary effect especially on rents and h…

So, think of it this way.

If UBI was 40k/yr, and your current job gives you 80k/yr, suddenly you're... still making 80k/yr.

Only 40k of that is from your job and 40k is from just existing. Do you still want do your job with that much of a paycut? No? You're probably not alone there.

Tons of people would rather not do their job for such little money.

Suddenly, it falls on society to create meaningful jobs without coercing people with bankruptcy or starvation.

Post by DougN7 » Mon, Feb 26, 2018, 5:50 PM UTC

jlarsen wrote: post #8

lootsauce wrote: post #6

I used to be very excited about Universal Basic Income. Then I thought about what might actually happen. UBI will cause dramatic price inflation in response to everyone knowing that everyone is getting x amount of money. This will quickly neutralize the intended effect of UBI. It might sound great to get 10,20,40k automatically for everyone but this will have an immediate inflationary effect especially on rents and h…

If you want to get excited about UBI again , consider the opposite action: Take the US, and instead of giving everyone in the country 10,000 USD/year in UBI, take 10,000 USD away: add a new 10,000 USD/year flat tax. Do you still think all prices will re-stabilize, and everyone will end up _exactly_ the same as before? Or, isn't likely that taking 10,000 away from a poor man will hurt more than taking 10,000 away from…

Except this has already happened. The poor today have $10K more than they did 50-100 years ago. I don’t think inequality has improved. And prices have all gone up.

Until we have unlimited resources, resources will, by definition, be limited, and they’ll be distributed by some form of money/credits/whatever.

Re: Time to rethink the meaning of work?

Re: Time to rethink the meaning of work?