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The idea that UBI alone solves anything is silly and not a realistic policy proposal. UBI is the government distributing money to people. Normally the governme
by thoughtstheseus 5y ago
The idea that UBI alone solves anything is silly and not a realistic policy proposal.
UBI is the government distributing money to people. Normally the government spends money on behalf of people who are expected to contribute toward repaying it. A simple way to reduce the cost of UBI is to have it reduced by the cost of ALL government services you elect to use.
Assuming such a UBI covers basic needs, eliminate minimum wages. Wages no longer need a lower bound as everyone has sufficient income.
The root problem is an unfavorable distribution of wealth and income toward asset holders. Stop taxing labor.
Companies need to broaden the distribution of wealth gains- the plumbing for this is still uncertain.
- nouveaux 5y agoThe government already distributes money to people in the form of subsidies. UBI is just a different form of subsidy. In the case of UBI, its the profits from automation subsidizing the poor. "The root problem is an unfavorable distribution of wealth and income toward asset holders. Stop taxing labor." The problem UBI is trying to solve is one where more and more people will become unemployed because of automation. It is not trying to level the playing field.
- josephcsible 5y agoThen the problem is that we've overdone it, relative to our current automation level. The amount of free money you can get is high enough that more people are choosing not to work than jobs have been automated away so far.