2 ms·
Basic Income Experiment is in the title of the first link, so no, what I said is not something entirely different that has never been tried. Giving it to every
by wallace_f 9y ago
Basic Income Experiment is in the title of the first link, so no, what I said is not something entirely different that has never been tried.
Giving it to everyone elsE besides those in need would just be like a progressive tax break.
If your concern is it will disincentivize work: it is true there will be some drop in the labor participation rate. However, that drop is unappreciably small in comparison to the amount of corruption and number of total jobs in the economy that do not add any value to society. If your concern is that "people won't produce things we need," you should be focused on bankers, healthcare lobbyists and insurance companies, a significant part of corporate America, academia, government, teacher's unions(see: 1), etc.
In fact, removing the above corruption in the labor market and replacing with BI may actually increase incentive to work by opening up opportunities for innovation, and creating good faith in governance within the labor market.
1-https://m.youtube.com/watch?v=VObBmEBSTXU https://m.youtube.com/watch?v=VObBmEBSTXU