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The precautionary principle seems to be thrown to the wind here. The unintended consequences of such a policy are far-reaching and poorly understood. UBI has s
by mech1234 7y ago
The precautionary principle seems to be thrown to the wind here.
The unintended consequences of such a policy are far-reaching and poorly understood. UBI has seen a lot of coverage in the media recently and gets a lot of people excited on social media. Most coverage of it is shallow, but even the most in-depth studies of it that have been performed have been too small scale to have any bearing on the reality of transforming an entire state's economy.
It would be nice if we lived in a post-scarcity (or sufficiently close) economy where we could afford these things. I doubt we do.
- paulgb 7y agoAlthough both a smaller payout and a smaller state, the Alaska Permanent Fund is interesting precedent. https://en.m.wikipedia.org/wiki/Alaska_Permanent_Fund https://en.m.wikipedia.org/wiki/Alaska_Permanent_Fund I agree that the CA proposal feels reckless, though.