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Thought experiments are useful for people not versed in Economics -- Einstein's Relativity writings are pretty much just thought experiments. Kuwait dished out
by stazz1 7y ago
Thought experiments are useful for people not versed in Economics -- Einstein's Relativity writings are pretty much just thought experiments.
Kuwait dished out the grant for only a year, right? That's different than adding new money to the supply every year.
Thanks for providing data, I'm always interested in taking a look. Everything I have read so far further supports my claims in my original post.
For one, the example in Mexico only gives the fund to a small portion of the population, which is consistent with PGI, and inconsistent with UBI. "PGI is welfare" is an oversimplification in my opinion, that's like saying this beet and poppyseed salad is food, yes it's true, but the nuance and most of the useful information is lost.
So again, the number of people being given the B.I. and the cyclicality of the grant have not been inspected thoroughly, but if problems emerge in isolation like the ones described, why would they not be exacerbated at scale. Most people think some sort of multiplier effect will cause advances across all disciplines, but putting fuel in every car whether empty or full is not the most efficient way to get the whole fleet going.
Do I think people should be working rather than getting BI? Not exactly -- my personal view is that automation will likely wipeout many jobs and humans will have to be more and more creative for employment. Do I think rich people who have factories and make money off of robot labor should also get UBI? No. Giving to the haves creates all these inflationary, distributionary issues effectively shooting UBI in its foot. At one point it was unclear, now it is obvious. I think that's how science works.
Kuwait is small and a 10% spike in food prices is probably a big deal, don't you agree? UBI for one year or a short term or a tiny population is not actual cyclically persistent-full population UBI. The leap between "I can whittle a chess piece out of wood" and "let's play all the grandmasters blindfolded" is quite a leap.
How often is your mind changed by a study?