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> A) People need to buy groceries. What will you do when they're at your door with pitchforks, pissed because you told them to "go eat cake"? It's a good thing

> A) People need to buy groceries. What will you do when they're at your door with pitchforks, pissed because you told them to "go eat cake"? It's a good thing I have the police and military under my thumb to quell all uprisings. If I were smart, I would elevate them to the upper class and remove their current class loyalties. But a more practical answer: What's stopping those with (economic resources) from continuing their views that those without aren't human. That they're causing upheaval in society and their plight is baseless. That they should be locked away, or worse. > If you just give people money to spend, that will drive the economy at the bottom. It's basically like the opposite of trickle-down economics and I think it's much more sustainable. This goes against your first point. Basic income is assumed to mean "just enough income to buy vital products, services, and utilities." Commodities don't drive the economy and innovation. Unless, you propose a "workless wage" where the average person gets something like 70k just for being alive. Which then, why work? The average joe doesn't care about the same things most HN users do. They'll simply stop producing the labor that serves as the foundation for so many "innovative" and "cool" companies. So on and so forth, the economy crashes. > Also, there's growing awareness that sociopaths aren't good for society, so arguments along the lines of "oh quit whining and suck it up you pussies" are starting to get a lot more pushback. I fear it's a similar situation to drug addicts. Crack-down hard on the, relatively, low-level crime, instead of starting from the top. Similarly here, crack down on the most obvious, and less intelligent, of the pack and you're just strengthening the sociopath's genome.

dragonwriter 10y ago
> Unless, you propose a "workless wage" where the average person gets something like 70k just for being alive. > Which then, why work? The same reason people already making 70K working a certain number of hours with a certain degree of effort expend additional effort to make more if they can do so: because wants are unlimited. Of course the level of universal income an economy support varies by the degree of automation and other factors (including cultural factors), so it's best to start small, and set it up so it scales smoothly and naturally with the capacity of the system to support it rather than simply targeting a particular (basic or otherwise) level.
- stagbeetle 10y ago
  > The same reason people already making 70K working a certain number of hours with a certain degree of effort expend additional effort to make more if they can do so: because wants are unlimited. Wants are theoretically unlimited, however in practice people have a few set of wants they need to have fulfilled to be "content." See: new video games, new computer specs, new car, etc. You don't have a majority of spendthrifts among the labor-producing class.
dave_sullivan 10y ago
> It's a good thing I have the police and military under my thumb to quell all uprisings. Famous last words! > If I were smart, I would elevate them to the upper class and remove their current class loyalties. Until they realize they don't need you, kill you, and take control. See history of the Praetorian Guard. Or KGB. > Basic income is assumed to mean "just enough income to buy vital products, services, and utilities." It means a lot of things. Notice I said "expand welfare" because that's a lot easier and clearer than "introduce basic income". Basically financial security is high and will continue to increase, so the question is about solutions to that. > Commodities don't drive the economy and innovation. Actually, they kind of do because you have to look at b2b startups and how they really represent most of the interesting companies (and value) being generated by startups these days; if you're innovative and an entrepreneur and all that, odds are high that you might find yourself starting something in the b2b space. You'll be trying to sell to large enterprises that sell stuff like electricity, cell phones, food, etc. Commodities. The commodities that drive the economy. You know who the biggest ad buyers in the US are? Procter and Gamble. AT&T. Comcast. Verizon. Commodities. And every ad agency is a b2b startup. Not to mention "ad tech". Enterprise margins/profits are up now because of gains from automation, and they're driving the startup boom (plus an unhealthy amount of free money pumped into the top--instead of bottom which is what I'm proposing). Eventually, that will run out because bottom up consumer demand will drop (and free money will stop). That will cause a crash. Unless measures are introduced to give people money to spend so they can jumpstart the economy from the bottom up. > Which then, why work? The average joe doesn't care about the same things most HN users do. They'll simply stop producing the labor that serves as the foundation for so many "innovative" and "cool" companies. You can still get rich with a cool innovative company. But yeah, if you're not doing something interesting, why work? My answer to that is, "You shouldn't, and the cheapest solution to your resulting financial insecurity is for the government to give you money to go buy things." > Similarly here, crack down on the most obvious, and less intelligent, of the pack and you're just strengthening the sociopath's genome. Yeah, people have been doing that for generations and are starting to see the problem, therefore looking to the top.
- stagbeetle 10y ago
  > Until they realize they don't need you, kill you, and take control. See history of the Praetorian Guard. Or KGB. Keep them at arm's reach and content, and their greed will keep them loyal. I've known of the Praetorian to assassinate emperors, but only those unwieldy that didn't indulge them. > Actually, they kind of do because you have to look at b2b startups and how they really represent most of the interesting companies (and value) being generated by startups these days; if you're innovative and an entrepreneur and all that, odds are high that you might find yourself starting something in the b2b space. You're conflating B2B startups with B2B businesses. One is a Remora fish and the other is a Shark. The first, aides the second and gets a little in return. The second, takes the lions-share (or should I say sharks-share?) of profits. > You'll be trying to sell to large enterprises that sell stuff like electricity, cell phones, food, etc. Commodities. The commodities that drive the economy. They do not drive the economy. They keep it running. The basic electricity, cell phone, food, etc. are just that: basic. > You know who the biggest ad buyers in the US are? Procter and Gamble. AT&T. Comcast. Verizon. Commodities. And every ad agency is a b2b startup. Not to mention "ad tech". You're stretching the term commodity too much here. AT&T, Comcast, and Verizon are not commodities companies. > Enterprise margins/profits are up now because of gains from automation, and they're driving the startup boom To be blunt, this is another leap of logic that isn't true. Enterprise profits may be up, but they're not funneled directly back into VC cash (or equivalent) for startups. > Eventually, that will run out because bottom up consumer demand will drop Why do you suppose this? > That will cause a crash. Unless measures are introduced to give people money to spend so they can jumpstart the economy from the bottom up. I'm not quick to insult, but this flies in the face of all economic theory (all the above as well) and is exhausting to refute. The economy does not need a jumpstart via cash infusion. The economy will not crash because of perpetual deflation (which you are arguing will happen via "cash running out"). > "You shouldn't, and the cheapest solution to your resulting financial insecurity is for the government to give you money to go buy things." Where do you suppose this money will come from? What plane of the astral aether will this money come from? Value is perpetually created and destroyed everyday, if you implement a "workless wage" you will crash the economy by devaluing your currency.

dragonwriter 10y ago

> Unless, you propose a "workless wage" where the average person gets something like 70k just for being alive. > Which then, why work? The same reason people already making 70K working a certain number of hours with a certain degree of effort expend additional effort to make more if they can do so: because wants are unlimited. Of course the level of universal income an economy support varies by the degree of automation and other factors (including cultural factors), so it's best to start small, and set it up so it scales smoothly and naturally with the capacity of the system to support it rather than simply targeting a particular (basic or otherwise) level.

stagbeetle 10y ago
> The same reason people already making 70K working a certain number of hours with a certain degree of effort expend additional effort to make more if they can do so: because wants are unlimited. Wants are theoretically unlimited, however in practice people have a few set of wants they need to have fulfilled to be "content." See: new video games, new computer specs, new car, etc. You don't have a majority of spendthrifts among the labor-producing class.

dave_sullivan 10y ago

> It's a good thing I have the police and military under my thumb to quell all uprisings. Famous last words! > If I were smart, I would elevate them to the upper class and remove their current class loyalties. Until they realize they don't need you, kill you, and take control. See history of the Praetorian Guard. Or KGB. > Basic income is assumed to mean "just enough income to buy vital products, services, and utilities." It means a lot of things. Notice I said "expand welfare" because that's a lot easier and clearer than "introduce basic income". Basically financial security is high and will continue to increase, so the question is about solutions to that. > Commodities don't drive the economy and innovation. Actually, they kind of do because you have to look at b2b startups and how they really represent most of the interesting companies (and value) being generated by startups these days; if you're innovative and an entrepreneur and all that, odds are high that you might find yourself starting something in the b2b space. You'll be trying to sell to large enterprises that sell stuff like electricity, cell phones, food, etc. Commodities. The commodities that drive the economy. You know who the biggest ad buyers in the US are? Procter and Gamble. AT&T. Comcast. Verizon. Commodities. And every ad agency is a b2b startup. Not to mention "ad tech". Enterprise margins/profits are up now because of gains from automation, and they're driving the startup boom (plus an unhealthy amount of free money pumped into the top--instead of bottom which is what I'm proposing). Eventually, that will run out because bottom up consumer demand will drop (and free money will stop). That will cause a crash. Unless measures are introduced to give people money to spend so they can jumpstart the economy from the bottom up. > Which then, why work? The average joe doesn't care about the same things most HN users do. They'll simply stop producing the labor that serves as the foundation for so many "innovative" and "cool" companies. You can still get rich with a cool innovative company. But yeah, if you're not doing something interesting, why work? My answer to that is, "You shouldn't, and the cheapest solution to your resulting financial insecurity is for the government to give you money to go buy things." > Similarly here, crack down on the most obvious, and less intelligent, of the pack and you're just strengthening the sociopath's genome. Yeah, people have been doing that for generations and are starting to see the problem, therefore looking to the top.

stagbeetle 10y ago
> Until they realize they don't need you, kill you, and take control. See history of the Praetorian Guard. Or KGB. Keep them at arm's reach and content, and their greed will keep them loyal. I've known of the Praetorian to assassinate emperors, but only those unwieldy that didn't indulge them. > Actually, they kind of do because you have to look at b2b startups and how they really represent most of the interesting companies (and value) being generated by startups these days; if you're innovative and an entrepreneur and all that, odds are high that you might find yourself starting something in the b2b space. You're conflating B2B startups with B2B businesses. One is a Remora fish and the other is a Shark. The first, aides the second and gets a little in return. The second, takes the lions-share (or should I say sharks-share?) of profits. > You'll be trying to sell to large enterprises that sell stuff like electricity, cell phones, food, etc. Commodities. The commodities that drive the economy. They do not drive the economy. They keep it running. The basic electricity, cell phone, food, etc. are just that: basic. > You know who the biggest ad buyers in the US are? Procter and Gamble. AT&T. Comcast. Verizon. Commodities. And every ad agency is a b2b startup. Not to mention "ad tech". You're stretching the term commodity too much here. AT&T, Comcast, and Verizon are not commodities companies. > Enterprise margins/profits are up now because of gains from automation, and they're driving the startup boom To be blunt, this is another leap of logic that isn't true. Enterprise profits may be up, but they're not funneled directly back into VC cash (or equivalent) for startups. > Eventually, that will run out because bottom up consumer demand will drop Why do you suppose this? > That will cause a crash. Unless measures are introduced to give people money to spend so they can jumpstart the economy from the bottom up. I'm not quick to insult, but this flies in the face of all economic theory (all the above as well) and is exhausting to refute. The economy does not need a jumpstart via cash infusion. The economy will not crash because of perpetual deflation (which you are arguing will happen via "cash running out"). > "You shouldn't, and the cheapest solution to your resulting financial insecurity is for the government to give you money to go buy things." Where do you suppose this money will come from? What plane of the astral aether will this money come from? Value is perpetually created and destroyed everyday, if you implement a "workless wage" you will crash the economy by devaluing your currency.