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The largest complaint against basic income or government social programs generally is that most people will not use the income productively, and that it would l
by SubiculumCode 9y ago
The largest complaint against basic income or government social programs generally is that most people will not use the income productively, and that it would lead to increases in vice and decreases in productivity. This, not being a closed system, does mean that the local economies are getting outside money injected into circulation, but it is a stretch to think that people would act differently (i.e. become less productive) in a closed system. In terms of rights or wrongs of income redistribution, I'd note that a lot of laws (laws that allow rentiers) and taxes (corporate tax cuts) are designed to redistribute wealth upwards too.
- AdrianB1 9y agoCan you explain how corporate tax cuts redistribute wealth upwards? Such a redistribution would imply that someone is paying taxes and some wealthy guys would receive those money, which does not happen anywhere, at any time.
- SubiculumCode 9y agoWell usually when building these kind of tax structures, governments think on how much "revenue" they want to generate, and who to tax to get it. If lowering the taxes for one guy, another guy gets to pay more in taxes.
- exabrial 9y agoSo, that's a long way of saying no, not a closed system, but an artificial economy