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Sorry to break it to all of you folks: Free money is just like free energy, it doesn't exist. You can't get more out of the system than you put in.
The idea is that everyone will put in their small part for the basic income, everyone. This will cause goods and services to cost more which will void the basic income. And actually the poors won't pay into the system. The fact of life is you have to work for what you deserve.
If sixty million people, ages 25 to 64 are out of work (for argument's sake) and zuck wants to give everyone of them ... a living wage, I see two or three potential problems!
Let's just take $30,000 as a hypothetical starting place.
One problem is: A living wage in New York is not the same as a living wage in, let's say Middle Tennessee!
That leads to the next problem: sixty million x thirty thousand= ONE TRILLION eight hundred thousand a year!
And finally, where will this living wage come from when a majority of folks realize that it is easier (and much more fun) to sit on your @ss and collect almost $600.00 a week for ... sitting on your @ss?
The government produces nothing and must get this new 'distributive wealth' from somewhere?
If no one is working or producing ... are the present super wealthy going to support us all?
For how long?
Won't they eventually be joining the rest of us for a handout?
Zuckerberg's money wouldn't get us through the first week!
Last edited by claymoore; 05-28-2017 at 02:36 AM..
If sixty million people, ages 25 to 64 are out of work (just an arguing point) and zuck wants to give every one of them ... a living wage, I see two or three problems!
One problem is: A living wage in New York is not the same as a living wage in, let's say Middle Tennessee!
Let's just take $30,000 as a starting place.
That leads to the next problem: sixty million x thirty thousand= ONE TRILLION eight hundred thousand a year!
And finally, where will this living wage come from when a majority of folks realize that it is easier (and much more fun) to sit on your @ss and collect almost $600.00 a week for ... sitting on your @ss?
The government produces nothing and must get this new 'distributive wealth' from somewhere?
If no one is working or producing ... are the present super wealthy going to support us all?
For how long?
Won't they eventually be joining the rest of us for a handout?
Zuckerberg's money wouldn't get us through the first week!
Again, WHY are those people out of work? Because simply put, automation has replaced them, and productivity is at such a level that the cost really isnt relevant as much. But their spending IS.
And why do you assume no one is working? I'd still be there. In fact most anyone wanting to work would be. And we'd be doing better then a basic income.
Reality is, we have one now. Its called Welfare, social security, food stamps, unemployment, section 8, etc etc etc. And it has massive overhead, and isnt remotely fair in many ways.
This is better,and would be viable only when automation forced unemployment up to require it.
I swear, people truly do not understand what technology is about to do to them.
70% of our GDP is from domestic spending. Once we hit a certain level of unemployment, its basic income or complete collapse. This absolutely should be discussed, and looked at for implementation if expectations of future massive unemployment and increased output come about.
Agreed, we need to start thinking about when automation will make this happen. Lots of discussion already in Silicon Valley.
Pure foolishness! Donald Trump has the right answer ...quit impeding job creation and economic growth with over-burdensome regulations and taxes. Those are the things that kill entrepreneurship and corporate expansion, the two most critical ingredients of job creation; i.e., employment.
Again, WHY are those people out of work? Because simply put, automation has replaced them, and productivity is at such a level that the cost really isnt relevant as much. But their spending IS.
And why do you assume no one is working? I'd still be there. In fact most anyone wanting to work would be. And we'd be doing better then a basic income.
Reality is, we have one now. Its called Welfare, social security, food stamps, unemployment, section 8, etc etc etc. And it has massive overhead, and isnt remotely fair in many ways.
This is better,and would be viable only when automation forced unemployment up to require it.
I swear, people truly do not understand what technology is about to do to them.
If unemployment is up to 20% and GDP is growing at 3% then let's go with basic income. It ain't happening. Once again, there is no limit on demand for goods.
Well it's either this or a systematic reduction of the human population, otherwise known as genocide.
AI will take over 99% of jobs. I don't think people understand the impact it will have, even on existing industry incumbents.
Seriously, you people need to educate yourself. The over population argument was shown to be BS.
We are not overpopulated, that whole mantra from the 60-70's was shown to be idiocy.
Also, to claim AI will take over 99% of the jobs is an example of how ignorant people are who know nothing about computer technology and what it means concerning AI.
You people sound like the guy going on when industrialization began. It is ignorant fear mongering.
Some say private ownership of cars will go away. Just a self driving Uber type taxi that will take to work or wherever and then pick up the next person. No need to have a car parked in the driveway.
Interesting. I never thought of that. Sounds kinda nice actually - no more insurance; car payments; cost of maintaining a vehicle; purchasing a vehicle; or worrying about driving after that glass of wine with dinner.
Hmmm.
But then millions unemployed.
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