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> UBI I'm skeptical of UBI. The idea doesn't include any kind of automatic stabilization system to set the UBI at a sustainable level. Because UBI is not marke

> UBI I'm skeptical of UBI. The idea doesn't include any kind of automatic stabilization system to set the UBI at a sustainable level. Because UBI is not market-based, there's little information that flows into the process that sets of level of UBI and other redistribution systems. In a market system, a distributed consensus algorithm governs both wages and prices and adjusts both continuously to account for changes in scarcity and utility. Who decides how much UBI is enough? What procedure will that person or body use? What is the algorithm that prevents UBI increasing without bound? After all, the public voting itself unsustainable transfers from the state is one of the classic failure modes of democracy. No matter the initial level of UBI, there will be someone who's able to gain political advantage by claiming that the UBI is insufficient for a dignified existence and that human rights demand an increase. Proposing a decrease in UBI will be political suicide. What prevents UBI increasing to the point that it captures all excess value production from all of society and redistributes it evenly? Wouldn't that system be tantamount to the planned economies of the 20th century?

meatspaceping 6y ago
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage.” ― Alexander Fraser Tytler
- pbourke 6y ago
  Give me a break. Some of the world’s most stable democracies have both a high level of taxation and a significant social benefit system. In America, in 2017, there was a group who decided that they could “vote themselves largesse from the public treasury” and it was not “voters”. The end result is referred to as the Tax Cuts and Jobs Act.
- withPurpose9973 6y ago
  Dead man who knew nothing of science and modern technology once pulled uninformed philosophy out of rear. Film @ 11 There are just as many quotes from the dead that say the opposite. Rather denigrating, low effort attempt to manipulate people today with the brain fart of a much lesser educated 200 year old corpse.
yellowapple 6y ago
> The idea doesn't include any kind of automatic stabilization system to set the UBI at a sustainable level. Except it does: land value. This right here is the basis of geolibertarianism, which calls for a minimal government that exists solely to collect LVT and redistribute it directly as UBI. The UBI distributed should be equal to the opportunity cost externalized by private/exclusive land use. The cap would be a 100% LVT, where all land is leased from society as a whole (or more precisely, this minimal government representing said society). So: > Who decides how much UBI is enough? The land market. > What procedure will that person or body use? The appraisal of the market value of land (sans the improvements upon it, like buildings). > What is the algorithm that prevents UBI increasing without bound? Supply and demand of land.

meatspaceping 6y ago

“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage.” ― Alexander Fraser Tytler

pbourke 6y ago
Give me a break. Some of the world’s most stable democracies have both a high level of taxation and a significant social benefit system. In America, in 2017, there was a group who decided that they could “vote themselves largesse from the public treasury” and it was not “voters”. The end result is referred to as the Tax Cuts and Jobs Act.
withPurpose9973 6y ago
Dead man who knew nothing of science and modern technology once pulled uninformed philosophy out of rear. Film @ 11 There are just as many quotes from the dead that say the opposite. Rather denigrating, low effort attempt to manipulate people today with the brain fart of a much lesser educated 200 year old corpse.

yellowapple 6y ago

> The idea doesn't include any kind of automatic stabilization system to set the UBI at a sustainable level. Except it does: land value. This right here is the basis of geolibertarianism, which calls for a minimal government that exists solely to collect LVT and redistribute it directly as UBI. The UBI distributed should be equal to the opportunity cost externalized by private/exclusive land use. The cap would be a 100% LVT, where all land is leased from society as a whole (or more precisely, this minimal government representing said society). So: > Who decides how much UBI is enough? The land market. > What procedure will that person or body use? The appraisal of the market value of land (sans the improvements upon it, like buildings). > What is the algorithm that prevents UBI increasing without bound? Supply and demand of land.