5 ms·
UBI needs to be framed more as a dividend. It isn't the safety net. It is profit sharing.
by hotgoldminer 6y ago
UBI needs to be framed more as a dividend. It isn't the safety net. It is profit sharing.
- jm4 6y agoWhat profit sharing when we run a deficit every year?
- jerrysievert 6y agoand when we're not running a deficit, we're suddenly running a deficit. I'm in favor of basic income, but tying it to "profit sharing" is just silly.
- deleted 6y ago[deleted]
- istorical 6y agowho is? the human race or national governments? those two are not the same. wealth and GDP is growing faster than the cost of living in absolute terms.
- sthomas1618 6y agoAs long as the GDP grows faster then the deficit/interest, we’re good.
- keeganpoppen 6y agohas that been happening? i guess so, in some sense, because the interest rate is "0"...
- Reedx 6y agoAndrew Yang had the right idea with the Freedom Dividend. That's a smart way to frame it, and Alaska is an example of it working with an annual payout to residents ("Permanent Fund Dividend"). https://en.wikipedia.org/wiki/Alaska_Permanent_Fund#Permanent_Fund_Dividend https://en.wikipedia.org/wiki/Alaska_Permanent_Fund#Permanen...
- chrisco255 6y agoBased on what profit? The U.S. economy is on life support and its printing $3+ trillion deficits with massive incoming unfunded liabilities and a shrunken worldwide economy. We are due for a world of hurt and economic pain for the next decade.