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It’s supposed to be paid for by people who’d rather work to earn just a bit more than UBI than do nothing and get paid, obviously. The fundamental problem with
by xienze 2y ago
It’s supposed to be paid for by people who’d rather work to earn just a bit more than UBI than do nothing and get paid, obviously.
The fundamental problem with UBI, like every other feel-good economic initiative, is that its proponents make poor assumptions about how the people who stand to benefit will behave — see all the predictions that the folks currently working in fast food or Walmart will magically turn into entrepreneurs or usher in a golden age of art if they simply had $1000 per month in cash. It’s noble to think the best of others, but they just kind of hand wave away the reality that there’s a non-trivial population that aspires to do nothing more than consume drugs and/or play video games for their entire lives. It’s not everyone obviously, but it’s enough to be a problem. Doubly so when you consider they could become a sizable voting bloc that will continue to vote for whoever promises to increase UBI.
When people dismiss UBI studies that last for just a few years and target a small slice of the population, it’s precisely because these long term negative effects take time and people to play out.