4 ms·

Only if money were to be printed out of thin air for the program, isn't it? If the money comes from a defined budget, I don't see why that would lead to inflat

Only if money were to be printed out of thin air for the program, isn't it? If the money comes from a defined budget, I don't see why that would lead to inflation.

easytiger 4y ago
So where will the money come from?
- doliveira 4y ago
  Taxes, oil revenue, even private entities...
  - easytiger 4y ago
    So you don't know?
    - doliveira 4y ago
      That's a very weird response. I'm obviously just talking about the inflation claim you brought up, pointing out possible sources of income for the program without "printing money". Not sure how "you don't know exactly so I'm right" fits here. There's probably even a named fallacy for what you're doing here.
      - easytiger 4y ago
        Because I believe you have not thought this through and are using incredibly vague hand waving to justify a policy which can't be afforded. A ubi would be required such that it would fulfill the entirety of the persons need thus eliminating other benefits such as housing costs.(that being the main argument put forth in its favour) Do some basic arithmetic and tell me how you come up with that money please.
        doliveira 4y ago
        I was quite explicit in my comment about what particular scenario I was addressing: that inflation would rise as result of redirecting already existing money. That's literally all of my main point. Whether or not it can fit a government budget is a separate discussion. But I'll just say I'm very weary of these "destroying entire fields of research with basic arithmetic".
        easytiger 4y ago
        So, in short, you cannot even postulate regarding how a UBI could possibly be funded with any concrete data, but are clearly a fan of the concept?
        doliveira 4y ago
        I'm not really gonna continue, feel free to have the last word if that's so important to you emotionally to the point of completely ignoring your interlocutor.
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        Rury 4y ago
        >A ubi would be required such that it would fulfill the entirety of the persons need This is an incorrect view, perhaps you've been mislead or misunderstand? UBI is a government program in which every adult citizen receives a set amount of money regularly. That's it. The goals of a basic income system are to help alleviate poverty, not necessarily guarantee everyone's needs are fulfilled. Look. Here's one way UBI could be done: 1) Create a tax on someone/something 2) From the money gained from said tax, redistribute it equally to everyone in society Everyone now has a basic income. That's what universal basic income is. Social security is essentially basic income, it's just not universal, as it's only given to old folks who previously paid into it. No ones arguing (or they at least shouldn't be) that it will guarantee everyone with enough money for everything they need (just as social security doesn't). But it can be done, and it can help alleviate poverty, particularly in the case for people who have absolutely 0 income.
- Johnythree 4y ago
  From the existing Welfare, including the extra welfare required by future automation. Plus by correctly taxing resource extraction.
  - easytiger 4y ago
    You would need significant multiples of "existing welfare" for a bi let alone a ubi. So you haven't provided an answer

Only if money were to be printed out of thin air for the program, isn't it? If the money comes from a defined budget, I don't see why that would lead to inflation.

easytiger 4y ago

So where will the money come from?

doliveira 4y ago
Taxes, oil revenue, even private entities...
- easytiger 4y ago
  So you don't know?
  - doliveira 4y ago
    That's a very weird response. I'm obviously just talking about the inflation claim you brought up, pointing out possible sources of income for the program without "printing money". Not sure how "you don't know exactly so I'm right" fits here. There's probably even a named fallacy for what you're doing here.
    - easytiger 4y ago
      Because I believe you have not thought this through and are using incredibly vague hand waving to justify a policy which can't be afforded. A ubi would be required such that it would fulfill the entirety of the persons need thus eliminating other benefits such as housing costs.(that being the main argument put forth in its favour) Do some basic arithmetic and tell me how you come up with that money please.
      - doliveira 4y ago
        I was quite explicit in my comment about what particular scenario I was addressing: that inflation would rise as result of redirecting already existing money. That's literally all of my main point. Whether or not it can fit a government budget is a separate discussion. But I'll just say I'm very weary of these "destroying entire fields of research with basic arithmetic".
        easytiger 4y ago
        So, in short, you cannot even postulate regarding how a UBI could possibly be funded with any concrete data, but are clearly a fan of the concept?
        doliveira 4y ago
        I'm not really gonna continue, feel free to have the last word if that's so important to you emotionally to the point of completely ignoring your interlocutor.
        deleted 4y ago
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        deleted 4y ago
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      - Rury 4y ago
        >A ubi would be required such that it would fulfill the entirety of the persons need This is an incorrect view, perhaps you've been mislead or misunderstand? UBI is a government program in which every adult citizen receives a set amount of money regularly. That's it. The goals of a basic income system are to help alleviate poverty, not necessarily guarantee everyone's needs are fulfilled. Look. Here's one way UBI could be done: 1) Create a tax on someone/something 2) From the money gained from said tax, redistribute it equally to everyone in society Everyone now has a basic income. That's what universal basic income is. Social security is essentially basic income, it's just not universal, as it's only given to old folks who previously paid into it. No ones arguing (or they at least shouldn't be) that it will guarantee everyone with enough money for everything they need (just as social security doesn't). But it can be done, and it can help alleviate poverty, particularly in the case for people who have absolutely 0 income.
Johnythree 4y ago
From the existing Welfare, including the extra welfare required by future automation. Plus by correctly taxing resource extraction.
- easytiger 4y ago
  You would need significant multiples of "existing welfare" for a bi let alone a ubi. So you haven't provided an answer