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Request For Research: Basic Income

blog.ycombinator.com

751–760 of 1001 posts

Re: Request For Research: Basic Income

#751
Abraham Maslow addressed the psychology of basic needs in the 1940's.

http://www.simplypsychology.org/maslow.html

The fear drive for basic needs is an innate motivational quality in humans that should not be artificially taken away.

Only upon overcoming the fear of basic needs can a human evolve and pursue more enriching needs.

Re: Request For Research: Basic Income

#753
post #614

Not a single comment so far has mentioned Karl Marx. This "research" proposal is merely a technocratic rehash of Marxism: the inexorable forces of materialism and technological improvements entail endless progress driven by a Hegelian spirit. This will free humans from labor and eliminate the power of capital. Thus, somehow, unlimited production will enable people to live according to the motto "from each according t…

> "basic income" divorced from free markets, see the Soviet Union, East Germany, Red China, Cuba, Cambodia, and more recently Venezuela. 1. There was no universal basic income in any of these places. 2. The proposal discussed here does not say anything about abolishing free markets. 3. Proof by analogy is fraud.

The 6th five-year plan of the Soviet Union had as one of its central aims a wage reform to guarantee a minimum income and simultaneously reduce hours required to be worked. Khrushchev held reduced working hours as a basic goal of the communist movement, which is entirely aligned with the vision of Karl Marx: to each according to his needs, regardless of ability or work.

The notion that one's income ought to be guaranteed regardless of the value of one's work, or even of its existence, has its origins in the Marxist claim that people should get whatever they need regardless of personal, intellectual, or capital differences (couched under a general denunciation of private property and of non-labor theories of value).

European socialists have been advocating for Basic Income --aka "social dividends"-- since the 60s at least.

Re: Request For Research: Basic Income

#754
Ultimately the fact we neex to talk about this issue is a sign of just how much progress we've made. We're on the cusp either of ww3 and or technofacism or a new age where most people spend their time in the arts or pure sciences all those "dont quit your day job" dreams have a chance oglf coming true.

Re: Request For Research: Basic Income

#755
post #280

Things that would help everyone, regardless of income, without depending on a radical restructuring of entitlement spending, that seem like things startups could actually do: * Equally credible alternatives to university education for professions that don't involve students shouldering $100k-$200k in debt based on decisions they have to make when they're 18 years old. * Empirical, blinded, skills-assessment based tur…

> Products that offer serious competition for incumbents in the financial sector to bid down the 7-10% of the economy taken by financial services. The limiting factor here is the regulatory regime, which makes it all but impossible to move money around without using a bank as an intermediary. That gives the banking cartel effective veto power on all new financial services. The key reform here is to separate the movem…

>separate the movement of money from the provision of credit

Debit cards?

Re: Request For Research: Basic Income

#756

Abraham Maslow addressed the psychology of basic needs in the 1940's. http://www.simplypsychology.org/maslow.html The fear drive for basic needs is an innate motivational quality in humans that should not be artificially taken away. Only upon overcoming the fear of basic needs can a human evolve and pursue more enriching needs.

>Only upon overcoming the fear of basic needs

Why not just eliminate that in the first place and proceed directly to the "more enriching needs"?

Re: Request For Research: Basic Income

#757
post #614

Not a single comment so far has mentioned Karl Marx. This "research" proposal is merely a technocratic rehash of Marxism: the inexorable forces of materialism and technological improvements entail endless progress driven by a Hegelian spirit. This will free humans from labor and eliminate the power of capital. Thus, somehow, unlimited production will enable people to live according to the motto "from each according t…

> "Marxism has been tried, and has failed, in so many places with such bloody results." This isn't Marxism, that's a lazy comparison. At its core, Marxism is about shared access to the means of production. Basic income has nothing to do with changing who owns the means of production (or at least, it could mean that, but it doesn't have to mean that). Furthermore, whilst Marx had some interesting ideas, he also had at…

Actually, at its core Marxism is about this motto: (take) from each according to his ability, (give) to each according to his needs. The abolition of private property and other horrors of Communist implementations are simply means to that redistributive goal. The notion of Basic Income is rooted in Socialist theories intended to implement the vision of Marx and Engels.

Re: Request For Research: Basic Income

#758

Earlier quoted context omitted.

The money for the basic income comes from taxation. Even though everyone would get it, higher tax rates on people with middle or high incomes would mean they were no better off, or worse off. This isn't supposed to be a way to make everyone $x per month better off, it's a way to change incentives and replace welfare.

What I'm curious about is what's stopping a large portion of the population from simply quitting their jobs to live off basic income, thus decreasing the potential pool from which taxes to pay for basic income can be extracted? If it really worked out like you say it would, where people with middle or high incomes are no better off, I wonder what they would think when suddenly large swathes of the population are able…

>thus decreasing the potential pool from which taxes to pay for basic income can be extracted.

Basic income proposals usually work something like this (numbers all made up, but close to those I've seen):

Each person gets something around the poverty level (say $10k -$15k per year). The taxes that are raised to pay for it would increase gradually based on income up so that it would be a wash for someone making $55k a year, and once you start making more than $75k a year, you start paying more.

If you look at those numbers anyone who decides they can live off of the basic income was unlikely to have been making enough to pay any federal income tax at all, much less enough to have been contributing to the extra UBI tax.

> where people with middle or high incomes are no better off, I wonder what they would think when suddenly large swathes of the population are able to live off the dole without busting their humps.

They will be living off the dole at the poverty level, not living middle class lifestyles.

Re: Request For Research: Basic Income

#759
post #578
post #44

I'm very skeptical of basic income as commonly understood. The typical basic income program I've seen goes something like this: give every person in the country $10k to live on, no strings attached. [a] 1) As defined above, this is horribly inefficient and expensive. I, a software engineer in Silicon Valley, would receive this $10k. How does this benefit society? I already make over $100k; I don't need additional inc…

> 1) As defined above, this is horribly inefficient and expensive. I, a software engineer in Silicon Valley, would receive this $10k. How does this benefit society? I already make over $100k; I don't need additional income support. So give basic income only to people doing less than the basic income, and take it away once you are doing more. That's how it's been implemented in some countries, and I don't see any reas…

The point is that determining who is worthy or not is difficult and just giving it to everyone reduces administrative costs. Tax rates for high earners can be increased so above a certain point the benefit would be outweighed by additional taxes.

Re: Request For Research: Basic Income

#760

Earlier quoted context omitted.

Sorry, but all of those sound like things that are going to help people who were already going to be successful to be even more successful. College debt, for example, is a problem for those who were successful enough to get into college into the first place, and who, simply by getting into college, are already increasing their lifetime earnings by millions of dollars. Technological services for K-12 ed is pushing a s…

I'm not a big believer in minimizing college debt. I'm a believer in minimizing college . People who grow up in wealthy families naturally find themselves on a college track that seamlessly routes them to elite schools when they're 18 years old. People who grow up in poverty aren't on that track and might not even have much agency (due to their circumstances, requirements to work young, entanglements with the law) un…

It would be helpful if white-collar employers were more willing to hiring eighteen-year-olds. Many of my twenty-something (and older) peers at $Megacorp actually started this way, with some earning a bachelor's degree part-time.
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