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Most people misunderstand basic income. What they're thinking is "basic income means that everyone will get enough money to fulfill their basic needs". But you
by RivieraKid 9y ago
Most people misunderstand basic income. What they're thinking is "basic income means that everyone will get enough money to fulfill their basic needs". But you can achieve that in the current system, by transferring more money from taxpayers to the unemployed. (Assuming Europe, where unemployed are eligible to small amount of money.)
Basic income is not more welfare, it's a relatively small change to the structure of the welfare system:
1. Simplification, everyone gets a constant amount of money. It has some advantages but some of the current complexity has good justifications. It allows us to give more to those who need more.
2. Bigger pay jump when you decide to work. I think this is the strongest argument for BI.
3. You get the money automatically, no need for paperwork.
4. Cultural and mindset change.
- kobeya 9y ago5. It ignores entirely the macroeconomic results of printing tons of money, which doesn’t end well for society even if widely and directly distributed.
- jhgjklj 9y agoPrinting tons of money is what is happening even without basic income, BI is the way forward to free human from boring labor. Probably no one has a macroeconomic plan. But the basic idea is simple and powerful. Robots do the menial and boring job of humans and they are taxed that is distributed to people and people spend on robots for services and the cycle continues.