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I do wonder if it would be easier and cheaper to bite the bullet and move to a universal basic income. This situation cold be going on for years.
by crucio 7y ago
I do wonder if it would be easier and cheaper to bite the bullet and move to a universal basic income. This situation cold be going on for years.
- Ididntdothis 7y agoYou need a UBI on a level that allows people to live. That’s a lot of money. Better to extend unemployment benefits for a limited time.
- pjc50 7y agoThis is 80% of pre-existing wages! And, even though it's an employer subsidy, this is more beneficial in the long run if the economy recovers, because employers don't have to go through the fire/hire destruction and deadweight loss.
- deleted 7y ago[deleted]
- Ididntdothis 7y agoI will retire immediately if I can get a 80% UBI.
- dlkf 7y agoWhile I'm generally pretty receptive to the idea of a UBI, it is wholly incomprehensible implementing one would be "easier" or "cheaper" than directly addressing COVID-related wage loss. Additionally, something as pivotal as a UBI is exactly the kind of thing that you _wouldn't_ want to implement as a reaction to a temporary crisis. You're likely to create the wrong abstraction based on contingencies of the situation.
- bluedino 7y agoPeople have different incomes right now so that wouldn't work for anyone making more than the minimum
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- cm2187 7y agoDude. This is to make up for the economy being shut down. i.e. no trade happening, no revenues. How are you going to finance UBI in those condition? No economy = no one paying for UBI. This is going to be financed by borrowing.
- tonyedgecombe 7y agoThey want to keep the businesses going ready for when we come out of the other side of this.