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Existing welfare schemes do a lot to approximate a UBI scheme, just with a lot more overhead, paperwork, moral grandstanding, various other inefficiencies that
by Jach 2y ago
Existing welfare schemes do a lot to approximate a UBI scheme, just with a lot more overhead, paperwork, moral grandstanding, various other inefficiencies that lower the useful amounts, and stress for all involved. Still, if a UBI scheme were implemented today instead, I don't think much would change from the current status quo. It would probably provide for living comfortably enough, but not enough to buy whatever desired luxury or experience at any given moment. That's sufficient for a market to form. Whether labor activities like fixing toilets or cleaning yachts survive depends on the market price for such labor. Some activities will go away (like a well-swept shop) because the price floor is too high and automation hasn't caught up or been made cheap enough, some will just become more expensive, more and more will get automated over time.
- Wytwwww 2y ago> It would probably provide for living comfortably Not if we increase the amount of money compared to what's currently spent on welfare by several times. Or if we don't and just replace current targeted welfare schemes with UBI the people who can't actually work will just be reduced to extreme poverty. e.g. US Federal revenue is ~$13k and spending $18k per capita and that includes everything. Even if it were somehow possible to double tax revenue with no negative outcomes it would hardly be sufficient.