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"In addition, higher taxes are discouraging to innovation and businesses, which may be prompted to move elsewhere, outside a UBI zone." - unsupported assertion.
by noir-york 12y ago
"In addition, higher taxes are discouraging to innovation and businesses, which may be prompted to move elsewhere, outside a UBI zone." - unsupported assertion.
"if a UBI payment were to be small enough to be financed by existing tax rates, it could lead to mass starvation and poverty" - really?
"Few supporters of basic income have been able to prove it would be less costly for states to implement than existing welfare offerings" - the point is not that it is less costly - UBI is a replacement, so the cost would be equal or maybe more. If less, that's a bonus
"What’s more, a basic income could have a detrimental impact on inflation." - economic illiteracy.
"Conversely, a universal basic income free of sanctions and restrictions would push wages upwards, and have an inflationary effect." - any inflationary impact would be one-time. Also, what you call wage inflation, others would call deacreasing inequality. US wages have remained static in real-terms for decades.
"An unconditional basic income discourages career progression and innovation, could potentially have detrimental economic effects" - pure conjecture, or just plain wrong. Innovation happens because it is driven by intellectual curiosity and passion - by not having to worry about financial security, people are freer to innovate. Up till a few centuries ago, only the rich could afford to be scientists, vide Newton.
This is not a serious exploration of UBI - its a cheap hatchet job.
- Justsignedup 12y agoA BI also means that one can stop working and focus on innovation, without the worry of starvation. I cannot quit my day job and work 100% on a brand new startup I want to make because I have mouths to feed. I literally can't afford to make a startup. Had I been 23, no child, living with parents, eating ramen, and healthy as an ox, sure no problem. So yeah, lots of the statements in the article seem unfounded. I do get the feeling that BI opponents have this "fairness" attitude: You didn't work for your cash, I did, why should you have money. It's the same thing as "your happiness makes mine lesser".