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This seems inevitable given the widespread economic devastation that COVID-19 has wrought. Nobody really knows what the long-term economic outlook is, or effect
by save_ferris 7y ago
This seems inevitable given the widespread economic devastation that COVID-19 has wrought. Nobody really knows what the long-term economic outlook is, or effective the recovery is going to be, but it's going to have to be orders of magnitude more effective than the early coronavirus response was in order to get us anywhere close to what "normal" looked like before the virus.
This animated graph of historical unemployment claims data from the 60's through March 2020 really emphasized how big of an impact this disease has had in the US, and it's unsettling.[0]
0: https://twitter.com/SteveStuWill/status/1246577148220989440?s=20 https://twitter.com/SteveStuWill/status/1246577148220989440?...
- Someone 7y agoI would think neither the “universal” nor the “permanent” parts would be inevitable. Some problems with the “universal” in universal basic income are: a) the money must come from somewhere. Realistically, certainly the top half, income-wise, will have to pay more in taxes than they receive in UBI. So, a lot of it will just be pumping around money; to those paying those taxes, that may feel like they’re worse of than when there’s ‘just’ social security. b) if you want to go for “UBI replaces all of social security”, it will have to be high. If you don’t want to do that, you can’t have the cost savings of doing away with the whole apparatus of determining who should get how much in social security.