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Nice article. The most interesting point is the question posed for proponents of UBI: what do you do if it doesn’t work out as planned? Extending that, if it tu
by docdeek 9y ago
Nice article. The most interesting point is the question posed for proponents of UBI: what do you do if it doesn’t work out as planned? Extending that, if it turns out UBI is a bad idea, how do you get out of it? One thing that governments find hard to do is take back something that they have started giving away to people. It seems to me that, despite the obvious challenges, it is going to be far easier to launch UBI than it would be to close it down and move onto something else. If anyone knows of a UBI supporter that has explained how to ‘exit’ UBI if it isn’t working, I’d be interested in the link.
- tromp 9y agoYou could introduce it gradually. First it's only available to those of age 65+, then one year later, if all goes well, it becomes available at age 64, etc. When it turns out a bad idea, you similarly roll it back, one year at a time.
- AstralStorm 9y agoYou mean make UBI start as an actual state pension not tired to years worked?
- RestlessMind 9y agoThen most of the advanced countries already have this sort of system in terms of pensions or social security in the US. And based on discussions around strengthening social security, the solutions which are politically feasible seem to revolve around: increasing retirement age, reducing the benefits (by limiting COLAs), increasing taxes (by removing caps on salaries subject to SS taxes). Any final proposal to improve SS budgets would be a combination of all three, but I don't see reducing retirement age on the table. So how would your proposal work in this political climate?