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Well clearly I'd have to work twice as hard to wind up eating the same Wonderbread that I'm purchasing for the folks who are incentivized to remain the stay-at-home dependents of such a system.
Well clearly I'd have to work twice as hard to wind up eating the same Wonderbread that I'm purchasing for the folks who are incentivized to remain the stay-at-home dependents of such a system.
With your $1,000 per month windfall, you could splurge on good bread.
Cash, Gold & Bitcoin Only
No Checks or Credit/Debt Cards
Then it becomes real.
You find out just how much value you have in your community, or industry without government control, or oversight.
When you are far and above the only game in town, with talent beyond any competition, you can set you own price.
after further thought, I'd still work, but I'd actually have less. Int he first year or two, it would be slightly more, like $200 or so per month, but the inflationary effects of just printing more of the money supply, even that extra would end up buying less, so I'd be worse off than before they did it, meaning I'd have to work, maybe even work more.
I also sort of wonder what kind of 'ripple effect' this could have on society at large.
For example, would employers have to be a bit more competitive in terms of work environment, because instead of staying in a rotten environment, employees could leave more freely, knowing they had the UBI to cushion them until they find something else? (Most people won't leave a blatantly horrible position due to they can't afford to lose the income.)
Would we see more stay-at-home parents? Or parents working fewer hours? Say mom and dad both work, and they make the same amount of money, but a UBI would make it possible for one to quit outright, or reduce their hours,or for both to reduce their hours.
If more people could afford to reduce their hours and wanted to, would that open up more jobs (since the work would still need to be done?)
Or think long term by staying on the workforce and putting that UBI into a 529 or an IRA. Who knows how long this golden age of “free money” will last?
Nothing. Just like everyone else would. Until nothing got done and society tanked. Then I would likely starve to death as everyone else would. If there is no incentive to work, there will be no work.
Now, that is unless you are a hunter gatherer in the back country hills somewhere. Your growling stomach would be incentive to get up off your buns and pick some berries. But for the rest of us, what to do? None of us know how to do much of anything besides what we have specialized training to do. And what's the point of doing what we are trained to do if we can sit on our asses and be paid to do nothing?
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