I strongly believe the root of modern economic malaise and inequality is the fact that our antiquated system is purely production driven.
This is a curious thought, can you explain further?
Universal Basic Income is Capitalism 2.0
101–110 of 1001 posts
Re: Universal Basic Income is Capitalism 2.0
#102I understand and agree with how a UBI will benefit those that are currently falling between the cracks and not receiving any assistance. I can also see the benefits of greatly simplifying the social security system. (If it was implemented in a way that was actually simple. i.e. no distinction between sick, unemployed, old, lazy) But I don't understand why people don't believe the UBI will just become the new definiti…
Exactly. The key to making people happier is not to give them money, but create more jobs that give people meaning and purpose in their lives.
Exactly. And to ensure people have the freedom to pursue the training and development, search time, or simply freedom to explore, a UBI would be immensely and wonderfully beneficial. Many folks will end up pursuing that which makes them the most happy, not solely the options on the table (which for many in current society is crumbs).
Re: Universal Basic Income is Capitalism 2.0
#103[deleted]
Re: Universal Basic Income is Capitalism 2.0
#104People don’t need money. People need basics like housing, food, and medical care. No UBI scheme is going to work in an economic system like the one in the U.S. that isn’t capable of providing those things. It’s not like there’s a shortage of food or shelter now and yet we still have homeless people while homes sit empty. We still have hungry people while farmers are destroying their crops. The economic system is the…
Our economic system isn't what limits housing supply in the USA, it is NIMBY local government policies.
Re: Universal Basic Income is Capitalism 2.0
#105A single land tax that pays its surplus out to the citizens is my vote for Capitalism 2.0:
Some libertarians advocate land value capture as a consistently
ethical and non-distortionary means to fund the essential operations
of government, the surplus rent being distributed as a type of
guaranteed basic income, traditionally called the citizen's dividend,
to compensate those members of society who by legal title have been
deprived of an equal share of the earth's spatial value and equal
access to natural opportunities. (See geolibertarianism)[1]
Re: Universal Basic Income is Capitalism 2.0
#106> just a few century’s ago. When an academic makes such an egregious error on spelling (centuries?!?), I just have to stop reading at that point. It casts doubt on the veracity of the arguments in the paper.
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Re: Universal Basic Income is Capitalism 2.0
#107I feel like this is the perfect example why everyone should at some point be required to start a business. Because some of these ideas stem from to many people not understand the economy in a real sense because they are always workers and see the world through that lens.
Maybe more people would start businesses if they had UBI as a safety net.
Re: Universal Basic Income is Capitalism 2.0
#108I can get paid to write code nobody uses?! Sign me up! Zero users and loving it!
You can already do that in most places by just applying for welfare payments and making a fake effort to get a job. The thing is that working a real programming job pays a lot more.
Not if you genuinely don't care about impressing anyone. A real programming job involves convincing someone your work is valuable enough to pay for. A welfare scam involves convincing someone you deserve free money. Both are too much social involvement if you prefer a hikikomori lifestyle of writing code nobody will ever use.
Zero users and loving it! is not necessarily hyperbole.
Re: Universal Basic Income is Capitalism 2.0
#109> just a few century’s ago. When an academic makes such an egregious error on spelling (centuries?!?), I just have to stop reading at that point. It casts doubt on the veracity of the arguments in the paper.
This assumes academics are selected by competence, and not their performative utility.
Re: Universal Basic Income is Capitalism 2.0
#110I understand and agree with how a UBI will benefit those that are currently falling between the cracks and not receiving any assistance. I can also see the benefits of greatly simplifying the social security system. (If it was implemented in a way that was actually simple. i.e. no distinction between sick, unemployed, old, lazy) But I don't understand why people don't believe the UBI will just become the new definiti…
Exactly. The key to making people happier is not to give them money, but create more jobs that give people meaning and purpose in their lives.
I always hear the argument that UBI will essentially subsidize people's ability to pursue work that gives them meaning/purpose, particularly if it isn't highly valued (economically) by their local market.
What does HN think about that?