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Where is that $600/month going to come from? Is it going to be printed (i.e. causing inflation) or is it going to come from taxation? Let's try some math: if t
by agent327 2y ago
Where is that $600/month going to come from? Is it going to be printed (i.e. causing inflation) or is it going to come from taxation?
Let's try some math: if there are ten people in society, and they all get $600/month, you need to generate $6000/month of tax income. So if there are five of them working, and making an additional $1200/month, that entire sum needs to be taken by the government so it has enough money to pay all of them $600. Are you going to be working, just so someone else doesn't have to, with zero additional benefit to yourself? And I'm not talking about "I'll make myself useful doing art", I'm talking about basic jobs that are MANDATORY to keep society going at all, such as growing food, building roads, and repairing sewers.
Who will be repairing sewers, under UBI? Do you believe that people do that kind of thing for fun, and that they would continue doing that if the state takes all of their money through taxation?
Why do you think $600/month is even sufficient to live on? What about people that live in really expensive cities like San Francisco, are they also going to get $600, even though that realistically represents maybe a week's worth of rent to them?
UBI is only cheaper to administer if you look purely at administration costs. In reality administration costs are a tiny, tiny fraction of the total program cost, and reducing administration costs of existing programs would not have any meaningful impact on state finances, making the administration costs of UBI a non-argument.
There's also the matter of fairness: providing everyone with the same amount of money may sound fair, but is it really fair to give someone who has significant additional costs just to stay alive (for example, because of medical costs) the same amount of money as someone who is fully able to provide for himself already anyway?
Your appeal to authority in your last sentence does not convince, and every attempt to make the math work for UBI ends in complete failure. And don't forget: to 'try it out', we'd have to completely restructure all of society, and the opponents of UBI have highlighted the risk of complete societal collapse if it turns out that UBI is an unworkable scheme after all. Are you willing to take that risk?
Finally, UBI seems to share the incentive structure of communism wrt. human productivity. Given how communist societies throughout history have tended to result in mass starvation with millions, if not tens of millions dead, why do you believe UBI is something we should be trying?