this post was submitted on 26 Jul 2023
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Good question. I'll admit that I like UBI, but I haven't done any serious reading into it. I have a break from work this month so maybe I'll try and find a book so I can answer this type of question better in the future. I don't think it's so much an issue for good jobs, but the real shit jobs might be an issue, but maybe not, and UBI in the beginning wouldn't just be for everyone it would be for selected groups.
A brief search gave this: https://www.vox.com/future-perfect/2020/2/19/21112570/universal-basic-income-ubi-map
Some gains:
I don't think anyone is thinking of the broader implications of this, they rather downvote opposing opinions. If UBI starts, where's the money come from? Higher taxes, in turn higher product cost, which just completes the cycle, making ubi not enough to live on, making an increase needed. They already tried this with minimum wage, it's still what $7? Full time work won't even pay for your apartment, let alone 80 hour weeks
couple options include taking profits gained through AI/automation that have historically gone to shareholders. The other is VAT tax targeting the wealthy. We don't need UBI for everyone all at once, so funding would be incremental. I don't think it's the largest challenge to UBI, the main one being people who oppose it for any number of reasons.
I don't think either of us should try to assume an advanced knowledge of economics. We don't know what will happen to the cycle, but the idea of UBI wouldn't be proposed at all unless that were also a consideration already answered.