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Don't think of it as a free handout. Think of it as a dividend on your citizenship. Every person a shareholder of the nation.
by anonporridge 5y ago
Don't think of it as a free handout.
Think of it as a dividend on your citizenship.
Every person a shareholder of the nation.
- alistairSH 5y agoWhich is pretty much Alaska.
- CMCDragonkai 5y agoWouldn't that mean UBI should divided a proportion of annual GDP?
- anonporridge 5y agoSure, pegging it to GDP sounds like not a bad idea. As the nation gets more productive, everyone's effective UBI goes up. If the real value of the UBI gets to be too high and too many people stop working in balance with automated labor, then GDP starts to decline and people start getting worse off and increasingly incentivized to find some productive work to do. Seems like it could end up being a self balancing system.
- tacitusarc 5y agoIn fact instead of lending Fed inflation dollars to big banks, we could partially fund a UBI with those same dollars!
- wyager 5y agoThe US isn't a corporation, it doesn't own my productive output, and random UBI recipients never paid for their shares. If you set up a country with this idea from the start (a profit-seeking corporation with transferable shares), it might be a good idea, but probably no net beneficiaries of UBI would have shareholder status.
- tastyfreeze 5y agoThat analogy only works if we get UBI paid by profit of weapons sales, not taxes. Otherwise UBI is like your employer keeping half your paycheck and distributing 30% of the money to everybody, whether they earned it or not, while keeping 20% to administer the redistribution.