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> The math doesn't work and has never worked. UBI proponents will never talk math because it doesn't add up, even with the most casual analysis. I'm happy to d
by Suncho 9y ago
> The math doesn't work and has never worked. UBI proponents will never talk math because it doesn't add up, even with the most casual analysis.
I'm happy to discuss the math with you any day of the week. One of the biggest misconceptions that many people have is that the basic income (or any government funding) must somehow be funded through taxes.
That's not how money works.
There's a limit to the amount of government spending that the economy can productively absorb and that amount has very little, if anything to do with the amount of tax revenue that the government collects.
> But just to do that in the US you are talking about 3 trillion dollars (300 million x $10k for easy math) that you have to find in the budget.
If you try to do this using conventional budget math, you're not going to get the right answer.
> Now basic income advocates will say you can make up some if not most of that by cutting welfare programs
No. This is a terrible idea and it's due to the same misconception.
I agree with you that most basic income advocates don't understand the underlying economics. But the underlying economics are nevertheless sound.
> How exactly do you convince a nation which already isn't willing to pay for healthcare to pay for basic income, too?
Yup. Politically, it would be very difficult to accomplish. That's why we have to do it ourselves.
> I'd love to be wrong, but I've never seen any numbers that are workable, especially in a political climate anything like today.
If you're interested in digging deeper on how this could work, I'm working on an economics paper that describes the economics of a basic income.
Here's an abstract:
https://drive.google.com/file/d/0B9KDLUTAOkduOXdNQWl3REw4eWc/view?usp=sharing https://drive.google.com/file/d/0B9KDLUTAOkduOXdNQWl3REw4eWc...
Email me if you're curious about reading the full thing.
> There could be a complete paradigm shift in the future, where machines literally take care of all needs in an automated way, but that's such a strange reality that welfare reform is honestly about the last problem we'd need to discuss.
We've been undergoing this paradigm shift for centuries. It won't reach its full potential without a basic income to allow people to take full advantage of the wealth we're already capable of producing.
- rev_bird 9y ago>If you try to do this using conventional budget math, you're not going to get the right answer. I'm very curious about this part, particularly in light of your comment elsewhere that "It's possible to implement basic income without any direct government support." I feel like there are very interesting answers being alluded to in your posts but none actually presented.
- Suncho 9y agoSorry. I'm scattering everything around. You can read more about my basic income project here: http://www.greshm.org http://www.greshm.org If you don't feel like clicking the link, I'm developing a USD-backed basic income system that does the equivalent of deficit spending to fund a basic income. If you think that sounds crazy, then most people agree with you.
- pault 9y agoI think it sounds crazy too but I would love to be proven wrong. :) Do you have a background in macroeconomics?
- Suncho 9y agoI'm self taught mostly from books and MOOCs and arguing with friends of mine who are actual economists. Perhaps my lack of formal economics training is another reason not to listen to me. If you're interested in going deep on this stuff, I highly recommend this MOOC: https://www.coursera.org/learn/money-banking https://www.coursera.org/learn/money-banking He doesn't talk about basic income, but this class really helped me understand the nature of money and economic policy. If you're curious about more about the economics of a deficit-funded basic income, I'm working on a paper about that. Here's the abstract: https://drive.google.com/file/d/0B9KDLUTAOkduOXdNQWl3REw4eWc/view?usp=sharing https://drive.google.com/file/d/0B9KDLUTAOkduOXdNQWl3REw4eWc... Feel free to email me if you're interested in reading the full paper. It's over 50 pages long, but it's not very mathy and should (hopefully) be accessible to non-economists.
- rev_bird 9y agoThanks for linking to this, looking forward to checking it out.