Spain moving to establish permanent basic income in the wake of the COVID-19 pandemic (expenses, taxes)

[djsuperfly]

Originally Posted by Mircea

Yeah, because when we replace three welders with three robotic welders we create 4 jobs instead of losing 3 jobs.



That's a gain of +1 jobs just in case you couldn't figure it out.

: smack:

Holy, what the what??????

Thx fr edcatn us all in Merica. We so dum, u so smrt.

(P.S. You realize most people don't read those page-long posts you love to throw out there, right?)

[djsuperfly]

Originally Posted by Jon998877

Lets go UBI of $1500 a month to everyone, with the stipulation that random drug tests are required to qualify..

How would the US Government finance those payments, then, at that point?

[Jon998877]

Originally Posted by djsuperfly

How would the US Government finance those payments, then, at that point?

By cutting other social programs, minus the idiots that can't pass a drug test, probably won't be that much more

[djsuperfly]

Originally Posted by Jon998877

By cutting other social programs, minus the idiots that can't pass a drug test, probably won't be that much more

My point was the US Government gets rich off the trafficking of illegal drugs. Guess that went over your head.

[EDS_]

Originally Posted by Mircea

Wow. And here I thought Herr Josef Göbbels was dead.

Apparently, he's alive and well.

For the record, Milton Friedman never supported Universal Basic Income.

What Friedman advocated was a Negative Income Tax, which is a form of Universal Basic Income (there are many forms of Universal Basic Income that the ignorant are apparently too stupid to understand).

The arrangement that recommends itself on purely mechanical grounds is a negative income tax.

Source: Capitalism and Freedom, Friedman, Milton, The University of Chicago Press, 1962, page 158.

Friedman opposed Universal Basic Income for the reason stated:

The advantages of this arrangement [the negative income tax] are clear. It is directed specifically at the problem of poverty. It gives help in the form most useful to the individual, namely, cash. It is general and could be substituted for the host of special measures now in effect. It makes explicit the cost borne by society. It operates outside the market. Like any other measures to alleviate poverty, it reduces the incentives of those helped to help themselves, but it does not eliminate that incentive entirely, as a system of supplementing incomes up to some fixed minimum would. An extra dollar earned always means more money available for expenditure.

[emphasis mine]

Source: Capitalism and Freedom, Friedman, Milton, The University of Chicago Press, 1962, page 158.

1. Yea. In other words MF supported a UBI.
2. MF did not die in '62.
3. I'm likely the only one here who actually met and set for lectures under the guy so I'll go with my recollections over your sputtering.

[Tencent]

I worked in Spain in 2007.

This was a loooooooongggg time coming and it's already unofficially happened. They have a Japanese style zombie Economy minus the national reserves.

[skeddy]

Originally Posted by BornintheSprings

Finland did not have UBI. It created a welfare program.

"Finland’s basic income experiment didn’t test the removal of the work disincentive which conditional benefits create. It only slightly reduced them." https://medium.com/basic-income/what...l-54b8e5051f60

package it any way you want, they were given money taken from someone who worked for it.

[Tall Traveler]

Can Spain arbitrarily start giving UBI without approval of the EU body that controls the Euro? I would think not unless the government of Spain bought Euros which they would have to borrow to get. I think it's a pretty good idea but I think they would need approval from their bosses at the EU.

[lieqiang]

Originally Posted by PamelaIamela

$12k per year is not enough.
I think $4000 per month is more realistic

So a young unmarried couple in Mississippi sharing an apartment need $8,000/month to have a dignified existence?

[jonesg]

Originally Posted by lieqiang

So a young unmarried couple in Mississippi sharing an apartment need $8,000/month to have a dignified existence?

The rising prices of heroin hurt everyone.