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Let's say my basic income is $1000. All my expenses are paid every month, and I have $100 disposable income. I can work 10 hours at $10/hour, and all of a sud
by Mikeb85 11y ago
Let's say my basic income is $1000. All my expenses are paid every month, and I have $100 disposable income. I can work 10 hours at $10/hour, and all of a sudden my total income goes up 10%, my disposable income goes up 100%. Work 40 hours my income goes up 40%, and disposable income goes up 400%. And so on.
Not to mention, it'll encourage going to school or starting a business as basic needs can be met in the event of failure.
The point at which earning extra money no longer brings utility/happiness is well beyond the income of most poor people...
- baddox 11y agoThat's not an example of BI encouraging someone to work. If they didn't have the $1000 BI, they would be at least just as incentivized to work.
- Armisael16 11y agoThat statement is always made in comparison to traditional unemployment or welfare services, which give you fewer benefits once you start making more money.
- Mikeb85 11y agoAs welfare and min wage stand today, often working does not increase your standard of living or even basic ability to live.
- jschwartzi 11y agoWhat would they work at? Just because we can all find jobs for ourselves, it doesn't mean that everyone in the world will be the same. Incentivizing someone to do something that is impossible is cruel.