“This is why I wonder, to this day, why a coalition of entrepreneurs do not support a basic income. It is the ultimate hedge against failure in a capitalistic s

“This is why I wonder, to this day, why a coalition of entrepreneurs do not support a basic income. It is the ultimate hedge against failure in a capitalistic society, and would severely curtail the risks of failed ventures for every individual.” Doesn’t that kind of sound like “privatize the gains, socialize the losses”? I don‘t really see how entrepreneurs would benefit overall from a basic income; successful individuals would have to pay for this through higher taxes, which would probably disincentivize risk-taking overall. Intuitively, it seems to me that any sort of scheme that tries to cheat the free market by subsidizing people who take risks and fail at the expense of those who either succeed or avoid risks probably overincentivizes risk-taking. Why should someone who doesn’t think their idea is good enough to put their own money at risk and can’t find anyone else who wants to invest and put their money at risk either get a taxpayer subsidy? This makes especially little sense in Silicon Valley: “OK, I quit my well-paying tech job with health insurance and free food because I thought I could successfully bootstrap the next big social media blogging platform with my entire life savings, and now I’m somehow unemployable, bankrupt, and homeless, I deserve a bailout!” Obviously, there needs to be some amount of risk-taking, but I’m extremely doubtful that it makes sense in general for the government to subsidize starting tech companies, especially when there are so many willing private investors. I agree that having health insurance be largely the employer’s responsibility does complicate switching jobs and starting companies.