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Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
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Quote:
Originally Posted by World_Travel_2011
UBI has a belief that it will work in part because humans have an inherent need to do more than just the bare minimum. It assumes that people will want to work. The truth is though that if enough people feel comfortable, they wont work. They will resist working.
The fear with UBI is that it can lead to slavery. The top class of society with their billions of dollars is meant to support the masses through high taxation. Despite this, You will still need essential workers. You can only tax everyone so much. Someone will still need to be a garbage man. $2,000 a month guaranteed will make few want to do that job. Thus it would need to be highly paid or people will need to be forced to do the job.
Higher up the chain, doctors and nurses are essential jobs. Pay for those would either need to be raised to entice people to take the risk or people would be forced to go through medical school and work those jobs.
Like with everything, the question is whats the point? If you make it too comfortable, nobody will want to work. If is not comfortable enough, all it will do it raise prices for everyone through inflation.
[IThe notion of the federal government handing out free money used to be a liberal dream and a conservative nightmare. No more.
The coronavirus outbreak, which plunged the nation into an economic free fall, has created an opening for governments and nonprofits to experiment with giving money directly to Americans, with no strings attached.
...
Enacting such payouts permanently faces major obstacles, notably funding. Creating a program that is expected to cost trillions of dollars could necessitate deep cuts in other areas and a reimagining of the nation’s social safety net. Such proposals would also face criticism that they disincentivize work, as critics allege.
It is also uncertain how long bipartisan cooperation will continue once the pandemic — and the accompanying economic pain — abates.
“Everyone’s still in crisis response mode,” said Jesse Rothstein, director of the Institute for Research on Labor and Employment at UC Berkeley. “I don’t know anyone who’s done any long-term rethinking. If you asked five years ago whether they thought there would ever be any circumstance where 20% to 30% of people stop working and have government make up that income, it would have been unimaginable.”
Lawmakers will face pressure to extend these benefits, said Joshua Rauh, a Stanford University graduate school professor who served as principal chief economist on President Trump’s Council of Economic Advisors.[/i]
My problem with universal basic income is that it encourages people not to work, the government takes my money for charitable purposes when I can give charity myself, and I can give it to people I want to give it to - instead of government picking who gets the money.
Hm. That's a very interesting development.
I'd agree that it's a difficult idea to warm up to, but if you read a bit about it, you'll find that it often seems to work out pretty well.
By the way, if you don't approve of things that encourage people not to work, are you against inherited money?
I truly wonder how long it will be until working will be entirely voluntary (meaning that all food, housing, health care, and every other basic need will be provided to people by the government indefinitely if they chose to not work).
I can just imagine 50 years from now, children being incredulous that in "the olden days", most people actually worked to earn money to pay for their necessities instead of knowing that if they chose not to do, they would not suffer at all, even if they went their entire lives without earning a paycheck or having their own business. (Just as it is difficult for some children to learn that 150 years ago, many people worked seven days a week, working 10-12 hours a day, with only a half-day off on Sunday -- and that if they didn't earn their own money, there was a very real risk of them literally starving to death.)
Last edited by katharsis; 05-21-2020 at 08:16 PM..
UBI is revealed as crazy with rudimentary knowledge of how money works.
All that it will accomplish is to give people an irrevocable and inflatable blank check that will always neutralize itself through the quickened inflation that it is directly responsible for.
Which will wipe out both savings and debt, as well as the ability to save once inflation increases in rate by a significant amount. Then the bartering begins, and that's not a good thing.
My problem with universal basic income is that it encourages people not to work, the government takes my money for charitable purposes when I can give charity myself, and I can give it to people I want to give it to - instead of government picking who gets the money.
There is absolutely no basis in that statement.
A mere $1,000 a month is enough to stop people from working? I wish. That'd mean the job market is less competitive and salary will go higher.
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