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2nd paragraph of the article states, "Employment insecurity and the rising cost of living are also taking a toll and expanding the profile of those at risk of h

2nd paragraph of the article states, "Employment insecurity and the rising cost of living are also taking a toll and expanding the profile of those at risk of homelessness. " Yet, UBI would drive prices up more, as its simple monetary creation. Rising costs are part of the problem, let's not use UBI to make them rise faster. (Unless of course one were to simultaneously destroy the same amount if money as the UBI from someone else's savings. But that amounts to theft---unmasking the real morality of UBI. And I've never heard UBI proponents argue that we should steal from the rich to fund it.)

viknesh 4y ago
What? Have you not heard of progessive income taxes? If you're in the US, medicaid, food stamps... your comment makes no sense if your only complaint is UBI.
savingsPossible 4y ago
We should take money from the rich to fund it. I would not say steal because I do not consider taxation to be stealing. We absolutely should not increase the money suply
- jonhohle 4y ago
  Say UBI is $10k a year. In the US that would add about $4T to required tax revenue. That’s double what’s currently collected each year. That wouldn’t even be enough to qualify as basic.
  - dagw 4y ago
    UBI would replace other programs, like social security and food stamps so it's not as bad as you make it out. Also you can use the tax code to claw back some or all of that UBI from higher income individuals, again lowering the total necessary revenue.
    - NovemberWhiskey 4y ago
      >UBI would replace other programs, like social security and food stamps So UBI will take money away from the poor and the elderly? Median Social Security is already $15K based on numbers a few years old and will inevitably be higher with inflationary effects 2021-2022. And that's not including Medicare, which is another huge program that targets the elderly. In fact, something like 45% of Federal spending is targeted at the retired (who only represent something like 15% of the population). You can't fund UBI by having it replace other programs without asking people already benefiting from those programs to take gigantic haircuts.
      - dagw 4y ago
        No you will replace what they get in social security, food stamps etc. with UBI.
        NovemberWhiskey 4y ago
        That just means "UBI for people who are not already old, infirm or poor [call it the top four quintiles of income for the working age population] will have to be funded from incremental taxation" ...
        dagw 4y ago
        Well yes, obviously (although you can structure your tax scheme to target the quintiles you prefer). UBI is not about giving everybody free money, but providing a universal safety net and removing the absolute need for people to work to survive. If it where me designing UBI, effectively only people in the bottom 2 quintiles would get to keep 100% of their UBI after tax, and people in the top would get to keep 0% of their UBI after tax.
        jonhohle 4y ago
        So not universal, then?
jonhohle 4y ago
I don’t understand why this isn’t obvious? Are people blinded by the idea of either charity or receiving handouts that they ignore what _inflating_ the currency supply has just recently done to prices?

viknesh 4y ago

What? Have you not heard of progessive income taxes? If you're in the US, medicaid, food stamps... your comment makes no sense if your only complaint is UBI.

savingsPossible 4y ago

We should take money from the rich to fund it. I would not say steal because I do not consider taxation to be stealing. We absolutely should not increase the money suply

jonhohle 4y ago
Say UBI is $10k a year. In the US that would add about $4T to required tax revenue. That’s double what’s currently collected each year. That wouldn’t even be enough to qualify as basic.
- dagw 4y ago
  UBI would replace other programs, like social security and food stamps so it's not as bad as you make it out. Also you can use the tax code to claw back some or all of that UBI from higher income individuals, again lowering the total necessary revenue.
  - NovemberWhiskey 4y ago
    >UBI would replace other programs, like social security and food stamps So UBI will take money away from the poor and the elderly? Median Social Security is already $15K based on numbers a few years old and will inevitably be higher with inflationary effects 2021-2022. And that's not including Medicare, which is another huge program that targets the elderly. In fact, something like 45% of Federal spending is targeted at the retired (who only represent something like 15% of the population). You can't fund UBI by having it replace other programs without asking people already benefiting from those programs to take gigantic haircuts.
    - dagw 4y ago
      No you will replace what they get in social security, food stamps etc. with UBI.
      - NovemberWhiskey 4y ago
        That just means "UBI for people who are not already old, infirm or poor [call it the top four quintiles of income for the working age population] will have to be funded from incremental taxation" ...
        dagw 4y ago
        Well yes, obviously (although you can structure your tax scheme to target the quintiles you prefer). UBI is not about giving everybody free money, but providing a universal safety net and removing the absolute need for people to work to survive. If it where me designing UBI, effectively only people in the bottom 2 quintiles would get to keep 100% of their UBI after tax, and people in the top would get to keep 0% of their UBI after tax.
        jonhohle 4y ago
        So not universal, then?

jonhohle 4y ago

I don’t understand why this isn’t obvious? Are people blinded by the idea of either charity or receiving handouts that they ignore what _inflating_ the currency supply has just recently done to prices?