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People that champion UBI don't understand market incentives. It won't work without price controls, and we know that price controls don't work. Let's go crazy
by linuxftw 6y ago
People that champion UBI don't understand market incentives. It won't work without price controls, and we know that price controls don't work.
Let's go crazy though, and say price controls will work. How universal is universal? Is it $600 for every person alive, including children? How is that going to incentivize people's behavior? If it's not for children, how is that going to incentivize people's behavior?
Are you expected to pay housing costs out of this amount, or is that granted separately? Would a family of 5 splitting a single family residence be building wealth faster than a someone living in an apartment?
If you want to wreck the economy, UBI is the best way to do it.
- chillacy 6y agoThe answers to those questions vary by UBI proposal. Here's a proposal from a conservative economist who might understand market incentives and how the existing welfare programs completely distort them: https://www.wsj.com/articles/a-guaranteed-income-for-every-american-1464969586 https://www.wsj.com/articles/a-guaranteed-income-for-every-a...