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We should also have a voluntary charitable UBI. Encourage a culture where everybody contributes what they can to the fund, and then all donations are split equa

by pc2g4d 7y ago

We should also have a voluntary charitable UBI. Encourage a culture where everybody contributes what they can to the fund, and then all donations are split equally among all citizens. That money won't be subject to the same political pressures; people who donate will feel good about themselves; and the bureaucracy needed to do this would be minimal.

tonyedgecombe 7y ago
I consider myself a fairly generous person but in a crisis like this my overwhelming concern is my close family. Charitable donations aren't on my radar right now.
alexirobbins 7y ago
amounts to a tax on conscience: https://youtu.be/m2q-Csk-ktc https://youtu.be/m2q-Csk-ktc
frobozz 7y ago
You can't rely on voluntary donations to produce a stable income. A charity doing this would have to vary the amount paid out based on receipts. In hard times, donations and payments will reduce. This will reduce the effectiveness of a UBI in smoothing out recessions. It will also suffer a death spiral because every donor will know how much every recipient gets. If I put in 500 each month and get 200, then I'm going to look for a better place to put my donation. Not because the 200 is a bad RoI for me, but because 200 seems like such a pointless sum for everyone to be getting. I'd rather have that money funding cancer research or more pertinently, I'd rather give all 500 of it to people who need it. Everyone will have their thresholds for what seems "worth it". The lower the payment gets, the fewer donors there will be, and the proportion of the income used for admin will rise.
- SuoDuanDao 7y ago
  Well hang on, not necessarily. The donations could be to a sovereign wealth fund of some kind, so long as invested money produces a somewhat reliable income, it could be seen as an investment in the eventual utopia UBI fans envision happening once the fund's large enough. Not a terrible way to implement it privately if the state doesn't get around to it now I think of it.

by pc2g4d 7y ago

tonyedgecombe 7y ago

I consider myself a fairly generous person but in a crisis like this my overwhelming concern is my close family. Charitable donations aren't on my radar right now.

alexirobbins 7y ago

amounts to a tax on conscience: https://youtu.be/m2q-Csk-ktc https://youtu.be/m2q-Csk-ktc

frobozz 7y ago

You can't rely on voluntary donations to produce a stable income. A charity doing this would have to vary the amount paid out based on receipts. In hard times, donations and payments will reduce. This will reduce the effectiveness of a UBI in smoothing out recessions. It will also suffer a death spiral because every donor will know how much every recipient gets. If I put in 500 each month and get 200, then I'm going to look for a better place to put my donation. Not because the 200 is a bad RoI for me, but because 200 seems like such a pointless sum for everyone to be getting. I'd rather have that money funding cancer research or more pertinently, I'd rather give all 500 of it to people who need it. Everyone will have their thresholds for what seems "worth it". The lower the payment gets, the fewer donors there will be, and the proportion of the income used for admin will rise.

SuoDuanDao 7y ago
Well hang on, not necessarily. The donations could be to a sovereign wealth fund of some kind, so long as invested money produces a somewhat reliable income, it could be seen as an investment in the eventual utopia UBI fans envision happening once the fund's large enough. Not a terrible way to implement it privately if the state doesn't get around to it now I think of it.