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With basic needs met, how many people will strive for more? Will we see an increase or a reduction in the workforce? Many people seem to have no idea how a fr
by anonymousiam 10y ago
With basic needs met, how many people will strive for more? Will we see an increase or a reduction in the workforce? Many people seem to have no idea how a free market economy works, or what is the role of government.
I believe that most people are in favor of the concept of "no taxation without representation". In other words, people want to have a say in how their government spends the taxes collected from them. How would this work out in the "basic income" system? Government taxes would be collected from those who were earning money (leaving out the fact that a large percentage of them may work for their government and thus are not actually adding value to the economy). The taxes then get distributed to the non-working, non-contributing people collecting their "basic income". As fewer people see the need to work, the economy collapses. (See "The Economic Collapse of the Soviet Union.") Aside from the honorable egalitarian intentions, how is this a good thing?