Earlier quoted context omitted.
>people will spend their time working on things to improve everyone's life Some people will. I have met many plenty of people though that don't care about other people regardless of their income.
But those people will always be a net negative for society, basic income or not. Empowering those who would make a positive difference if they had enough time/money sounds like a good idea to me.
A Dutch city is giving money away to test the basic income theory
381–390 of 552 posts
Re: A Dutch city is giving money away to test the basic income theory
#382Earlier quoted context omitted.
IANAE and would like to hear an expert's answer as well. But as far as I can see, the demand for basic food and shelter is not elastic, people need roof and bread always. And the capital is mostly reallocated from existing subsidies, not created. With UBI, prices for non-essential goods and services would maybe increase a little, and there would be a revolution in employment market, but my guess is that potatoes and…
I think basic income is a bad idea, but if you liberated people from seeking jobs, many of them wouldn't live in overcrowded cities. If rent is too high in the bay area, you'd go live in Madison, Wisconsin. Or in a pre-fab house in the middle of nowhere.
However, I suspect a lot of the people who are championing basic income are implicitly envisioning living in a relatively comfortable apartment in the Bay area from which they can follow their muse--not public housing in Detroit.
Re: A Dutch city is giving money away to test the basic income theory
#383I wonder how much you'd need to save and to own in order to conduct this experiment on yourself? I've wondered about what I would do day to day if I didn't 'have to work to live'. I honestly think I'd be doing very similar things. I'd still be programming, and I'd be wanting to make things that'd help people do their jobs better, but I wouldn't feel like I 'had to'. That alone would improve my sanity immensely (I thi…
The problem there is that you have a cushy programming job. The bigger question is what about the gas station clerks? Or cleaning people? Or wait staff? Or any of the people working the millions of other jobs that just totally suck. Having done it in the past, I'm 100% sure nobody wakes up totally stoked to go bus tables or wash dishes. So, maybe people who have awesome jobs will just keep doing what they're doing, b…
Re: A Dutch city is giving money away to test the basic income theory
#384The more I think about it, the more I really like the idea of a basic income. One of the great things about universal healthcare is that you just never worry about it. I never have to think about what would happen to myself or my spouse or my kids if they get cancer after I quit or lose my job. Whether my insurance will fight me on some treatment, or if it covers the rights things. It's nice. Basic income seems like…
You're describing non contributory Social Security not a basic income. The difference is that those systems usually make everyone but the retired look for work or be in education etc.
Re: A Dutch city is giving money away to test the basic income theory
#385How about a guaranteed job rather then a free paycheck.
Re: A Dutch city is giving money away to test the basic income theory
#386Earlier quoted context omitted.
You don't mention the fact it's completely unworkable mathematically. In the UK I believe it'd cost £240 billion a year. Where the hell would anyone be able to find that money from? (Tackling tax avoidance from Starbucks isn't a credible answer). Just to put it in context, that's twice the entire NHS's budget, or 5 times our defence spending.
We wouldn't need money for most benefits any more (pensions, income support, etc) so that's about £120bn of the £240bn found immediately. You mention the NHS - we'd be able to spend a lot less on that if people didn't have poverty-induced health problems, so there's another £35bn (assuming a 30% reduction of the £110bn). It's not unreasonable to assume that the difference of £85bn would essentially pay for itself by…
A basic income doesn't remove the potential for poverty.
Re: A Dutch city is giving money away to test the basic income theory
#387Re: A Dutch city is giving money away to test the basic income theory
#388One of the first pieces of advice I had when my company landed its investment was to pay ourselves a decent (not extravagant) wage so that my time went on worrying about the company rather than how I was going to afford to do things in my personal life. The same is true for employees - if they're paid a good living they will spend more time on thinking about problems in their job instead. If a government were to do t…
This assumes everyone is motivated, wants to improve their lives and do well in their jobs or in society.
Liberals assume "everyone is motivated, wants to improve their lives and do well in their jobs or in society" given the right system.
Conservatives basically assume the opposite.
I'll let him explain: https://www.youtube.com/watch?v=5KHdhrNhh88&feature=youtu.be...
Re: A Dutch city is giving money away to test the basic income theory
#389Earlier quoted context omitted.
Inflation doesn't necessarily follow. If everyone was given a 10% raise then you would get inflation, but a fixed distribution results in a very different effect. One possibility is that people would purchase roughly the same amount with the lower classes having free time to educate themselves rather than working minimum wage jobs. I mean, I can't imagine somebody throwing their lives away just to buy another loaf of…
What incentive do they have to educate themselves? After all they currently had an incentive to educate themselves during their period of compulsory education yet still ended up working in a minimum wage job they value so little they'd quit if they were given a minimum wage. You don't see masses of low waged workers in countries with maximum working hours (and thus some leisure time) educating themselves.
I don't think comparing how a 15 year old treated mandatory education and how a 25 might treat the opportunity to educate themselves to better their lives is very fair.
I'd assume the maximum working hours in those countries are above 0. When you have to take an hour long bus each way from an exhausting minimum wage job there's not a lot of time to make significant progress in education.
Re: A Dutch city is giving money away to test the basic income theory
#390Having lived under a communist regime and also in the ghettos of NYC decades ago, I can tell you just how idiotic this is. But I guess there's no shortage of idiotic ideas when you are playing with other people's money.
What was it about living in NYC ghettos that suggests basic income is a bad idea?
I believe the best way to spend the money is to help people who work hard to improve themselves, regardless of their income level. The money is given according to the impact of the money. So people with low income would benefit proportionally more because the before and after difference is larger percentage wise.
Edit: The thing that should redistributed is not wealth, but opportunity.