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> My second problem with this is those who mismanage their > money. There will absolutely be people who abuse the > system and use this money to not cover
by jt2190 12y ago
> My second problem with this is those who mismanage their
> money. There will absolutely be people who abuse the
> system and use this money to not cover their required
> expenses and use it for a variety of things they don't
> need.
The problem that basic income tries to address is that the super rich can't possibly spend enough on stuff that they don't need to generate the kind of economic activity that's required to keep large parts of the population in business and employed. Basic income's solution is to create more consumers. Even those who mismanage their basic income are generating economic activity.
- Paul_Dessert 12y agoThis is one of the most insane and backwards things I've heard all day. Edit (added my thoughts): Person A works long hard hours to achieve something. Person B does not. Person A subsidizes person B. I don't agree with that. It's called robbery. It's that simple.
- xnxn 12y agoI downvoted you. I'm interested in reading counterarguments rather than comments like this.
- Paul_Dessert 12y agoThanks for owning up to it. I figured I'd get a few ;) More "detail" added above.
- selectodude 12y agoWay to back that up with an actual reason.
- jt2190 12y ago> Person A works long hard hours to achieve something. > Person B does not. Person A subsidizes person B. I'll leave aside whether there's a direct coorelation between hard work and income... Your example presumes that Person A has the opportunity to do hard work in exchange for a financial reward. The worry is that there's no work for Person A at all, because there's not enough consumer demand to employ him, because nobody else has a job either, because the few people who do have money are quite comfortable with what they have already and don't spend enough to keep many employed.