2 ms·
I would like to see basic income treated as a sort of 'trickle-up' scheme, ensuring two things: 1) eliminate poverty, wherever the cost of living isn't over-in
by Applejinx 9y ago
I would like to see basic income treated as a sort of 'trickle-up' scheme, ensuring two things:
1) eliminate poverty, wherever the cost of living isn't over-inflated. I'm okay with 'SV has to robotize everything because no humans can afford to work menial jobs there, so they move away', but we're looking at a world where no humans can afford to be other than rich, anywhere.
2) guarantee a customer base for anyone and everyone who does choose to start a business or enterprise. I have studied my own sole-proprietorship business over more than a decade, and my prosperity has been TIGHTLY linked to the FED labor share of income. To put it bluntly, as my business is not in the FIRE sector, I do well when 'people have money to spend', and when they don't it's like trying to squeeze water from a stone.
We do not have a capitalist economy without a broad consumer class, and in the era of the FIRE sector and automation, without something like a basic income we don't have a consumer class at all, and everything dries up from the roots up. Playing games with financial instruments can only mask this for a very short time.
Basic income isn't just a social justice thing: it's the only way a free-market capitalist system can continue to be the 'blind arbiter' of what goods and services prevail. Either you switch over to a centrally governed assigner of who does what work, or you continue to have a free market through feeding it with money at the consumer level, literally paying people to function as your 'free market' and thus not having to give that function to the government (public or private).
The time where this system naturally turned business employment into wages producing a social class system that was stable, was back when worker efficiency was orders of magnitude less than it is now. That was when humans had to do sums on paper, dig ditches with shovels, to get anything done! It's still within living memory of some older humans.
Those days are gone. There will never be a class system in a modern automated, mechanized, solar-powered world, that can support a capitalist free market, without basic income. I would stake my life on that proposition.