Most extant forms of welfare exist because at the time of their creation they allowed some group of politicans to buy the votes of some subset of the population. In order to reliably capture those votes, the welfare system has to represent a substantive transfer of wealth from whoever is getting screwed to whoever is selling their vote. From this angle, the problem with UBI is it doesn't really represent a clear win…
I am worried about how cost of living would explode to untenable levels. Low skilled labor prices would get out of control I am guessing since it is a basic supply/demand issue - when you put a floor with UBI, minimum wage to take up manual labor jobs would rise dramatically. It is actually incredible how much of our society depands on manual labor. Most people on HN are out of touch with this reality. The world runs…
Attempts to shape markets tend to do this.