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Also, we can predict a lot of the major impacts something like UBI will have, however part of the plan must be to implement plans and strategy to manage for the
by loceng 9y ago
Also, we can predict a lot of the major impacts something like UBI will have, however part of the plan must be to implement plans and strategy to manage for these - in particular, whenever new money is introduced into a system, many for-profit systems will increase their pricing, which then trickles down into every other system requiring to increase their pricing. There has to be a floor created, and there needs to be management of otherwise unmanaged wild west economics.
- alkonaut 9y agoI think it's also important to remember that the effects would be wildly different between countries with big social safety nets (such as Finland), and countries withouot. For countries with lots of extensive welfare programs, a small UBI is shifting money from various programs into UBI, thereby removing administrative overhead - rather than "new money". For example: every parent in sweden gets $160 child allowance ($320 for a single parent), regardless of income, and with no application required. We don't have dental included in the universal health plan - instead there is a subsidy of $70 per person per year. Students get an allowance of nearly $400 a month (allowance, not loans) And so on and so forth. There are lots of these allowances and subsidies that under a UBI system would just disappear and be part of the UBI in the nordic countries. That's why I don't see it as such a massive step. First you go to an enormous welfare state, then you change that to a UBI system. It's then less of a leap.
- loceng 9y agoYou can balance out a UBI program with other programs, it would be better anyhow, as an example, you can incentivize more people to be a student.