3 ms·
Many currently receiving benefits might gladly give them up in exchange for $1k/mo, cash in hand, with no risk of losing benefits due to higher income or fillin
by lukifer 7y ago
Many currently receiving benefits might gladly give them up in exchange for $1k/mo, cash in hand, with no risk of losing benefits due to higher income or filling out a form incorrectly.
But even if not, I think there's a case that giving everyone else UBI has ancillary benefits:
- More cash in the hand of your neighbors means more customers, which means more economic activity, which potentially means better employment prospects, in a virtuous cycle [0].
- Strain on existing benefit-granting institutions is greatly reduced, as those who opt for cash exit the system, meaning faster response times and more assistance with forms/approvals/etc.
- The working class tend to be more economically interdependent by necessity; someone who declines UBI still comes ahead from a spouse, relative, grown child, etc. who requires less economic support.
- Yang has spoken at length about the effects of economic anxiety; even someone who declines UBI may experience less anxiety (and therefore greater executive function and capacity for long-term planning), simply from knowing they have a "Plan B" for basic necessities.
In addition to offsetting costs, I think one of the motivations for the "either/or" strategy is political viability with libertarians and moderate Republicans, whose exaggerated fears of "socialism" can be assuaged by the opportunity to shrink bloated federal bureaucracies. (I'm somewhat sympathetic here: the most efficient charity is usually to write a check to the poor [1], and I suspect UBI or negative income tax has greater efficacy than most means-tested federal programs, with possibly the exception of health care.)
[0] https://en.wikipedia.org/wiki/Demand-side_economics https://en.wikipedia.org/wiki/Demand-side_economics
[1] https://www.givewell.org/charities/give-directly https://www.givewell.org/charities/give-directly