4 ms·

You built a passive income business. You were living off your own entrepreneurship. You chose to live off your previous work, and not work as much. It was your

by zpeti 6y ago

You built a passive income business. You were living off your own entrepreneurship. You chose to live off your previous work, and not work as much. It was your achievement and you should be proud that you achieved it. In the back of your mind you also knew that you’re the one who did it and you could possibly do it again. This is not UBI and it’s certainly not the long term mental state of someone on UBI.

drdeadringer 6y ago
> the long term mental state of someone on UBI What is? Some form or variation of learned helplessness? Something else?
- hellotomyrars 6y ago
  Had the same thought. Too bad we can't ask all the UBI recipients their long term mental state(Because there are none) so instead we'll have to go with this persons gut instinct.
  - AsyncAwait 6y ago
    On the other hand, we do know that many working 9-5 or longer hours suffer from burnout and depression, so a fair comparison should account for that.
    - drdeadringer 6y ago
      As I tend to complicate things more than necessary before making them simple [maybe some techo-twisted Churchill quote about Americans], I shall find it interesting to include additional findings against fulltime "with nothing to do", parttime with wanting more [or less], and so forth. Mega-Meta comprehensive, so to speak ... but maybe we need an AI assist for that or something. I don't know.
nicbou 6y ago
I got massively lucky. It's a personal project that grew bigger. If I could do it again, I'd already have another website up and running. I've been thinking about it, but I'm coming to terms with being a one-hit wonder. I get paid a living wage for very little work. The reasons are irrelevant. The most important aspect here is the outcome, which was quite similar to UBI. Give anyone the humble monthly income I'm given, and they'll find a way to have fun. I just wanted to confirm that it's indeed quite nice. One thing I didn't mention is that my revenue could plunge at any moment. It did because of COVID-19, for example. This is not the case with UBI.
- prewett 6y ago
  I'm sure most people would have fun if someone financed their vacation. The difference between your situation and basic income is that your income is because you are providing enough value to people that they pay you money, while basic income is other people paying you money (taxpayers) with no expectation of providing any value. "I really enjoyed my vacation paid for by my automated business and therefore basic income will improve people's well-being" is not a good argument for UBI. Of course people will have a good time when someone else is paying for them. But how does society afford to do that?
  - eesmith 6y ago
    The evidence from this trial is that people who received UBI did not treat it as a vacation. Indeed, "The employment rate for basic income recipients improved slightly more during this period than for the control group."
- lonelappde 6y ago
  Why would you expect UBI to survive covid-19? Who would go to work with a virus if they had free money? And what would they do with all that money when nobody wanted to work at a grocery store meat packing plant? At best, inflation would destroy the UBI value.

by zpeti 6y ago

drdeadringer 6y ago

> the long term mental state of someone on UBI What is? Some form or variation of learned helplessness? Something else?

hellotomyrars 6y ago
Had the same thought. Too bad we can't ask all the UBI recipients their long term mental state(Because there are none) so instead we'll have to go with this persons gut instinct.
- AsyncAwait 6y ago
  On the other hand, we do know that many working 9-5 or longer hours suffer from burnout and depression, so a fair comparison should account for that.
  - drdeadringer 6y ago
    As I tend to complicate things more than necessary before making them simple [maybe some techo-twisted Churchill quote about Americans], I shall find it interesting to include additional findings against fulltime "with nothing to do", parttime with wanting more [or less], and so forth. Mega-Meta comprehensive, so to speak ... but maybe we need an AI assist for that or something. I don't know.

nicbou 6y ago

I got massively lucky. It's a personal project that grew bigger. If I could do it again, I'd already have another website up and running. I've been thinking about it, but I'm coming to terms with being a one-hit wonder. I get paid a living wage for very little work. The reasons are irrelevant. The most important aspect here is the outcome, which was quite similar to UBI. Give anyone the humble monthly income I'm given, and they'll find a way to have fun. I just wanted to confirm that it's indeed quite nice. One thing I didn't mention is that my revenue could plunge at any moment. It did because of COVID-19, for example. This is not the case with UBI.

prewett 6y ago
I'm sure most people would have fun if someone financed their vacation. The difference between your situation and basic income is that your income is because you are providing enough value to people that they pay you money, while basic income is other people paying you money (taxpayers) with no expectation of providing any value. "I really enjoyed my vacation paid for by my automated business and therefore basic income will improve people's well-being" is not a good argument for UBI. Of course people will have a good time when someone else is paying for them. But how does society afford to do that?
- eesmith 6y ago
  The evidence from this trial is that people who received UBI did not treat it as a vacation. Indeed, "The employment rate for basic income recipients improved slightly more during this period than for the control group."
lonelappde 6y ago
Why would you expect UBI to survive covid-19? Who would go to work with a virus if they had free money? And what would they do with all that money when nobody wanted to work at a grocery store meat packing plant? At best, inflation would destroy the UBI value.