this post was submitted on 11 Dec 2024
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Hello, I'm not that informed about UBI, but here is my arguement:

Everyone gets some sort of income, but wouldn't companies just subside the income by raising their prices? Also, do you believe capatilism can co-exist with UBI?

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[–] [email protected] 6 points 1 week ago (2 children)

I am a moderate supporter of UBI. Strongly support "negative income taxing" which is a bit more techy but essentially your income is topped up if it falls below a certain level as opposed to everyone getting a lump sum each month whether they need it or not.

[–] [email protected] 4 points 1 week ago

I think this is a good place to start as the initial recipients are those most in need.

[–] [email protected] 3 points 1 week ago (1 children)

The advantage of a straightforward UBI over NIT is that voters are selfish and stupid. If everyone gets a check, they are far more likely to support maintaining and increasing the benefit. It also removes the stigma that would be present for those receiving NIT payments.

[–] [email protected] 2 points 1 week ago* (last edited 1 week ago)

Never considered the "voters are stupid and greedy" angle... but they are so you might be right here.

The main argument against NIT which I'd always heard was that you were losing the savings on administration that UBI has. In theory with UBI you can get rid of all disabilities and public pensions beaurocracy and means-testing since everyone gets the same lump sum.

NIT has some form of means-testing since you need to catalog who earns what to find those in need.

[–] [email protected] 6 points 1 week ago

I don't like the idea of of subsidizing demand, but i'll take anything at this point

[–] [email protected] 5 points 1 week ago* (last edited 1 week ago) (1 children)

Are you in support of UBI?

I don't think that it's a terribly interesting question as a yes-or-no question for all UBI policies.

The thing about UBI is that the devil is in the details: UBI covers a broad range of policies. You really need to know the specifics of a proposal to know what it entails; UBI policies may be very different.

For example, there are a number of left-wing groups who like the idea of UBI, because they see it as a way to redistribute wealth. Normally, they tend to want something like keeping spending policy more-or-less where it is, adding UBI, and increasing taxes on some groups that they'd like to shift wealth from.

There are also a number of small-government right-wing groups who like the idea of UBI, because they see it as a way to reduce the role of government in setting purchasing decisions. Normally, they tend to want something more like a revenue-neutral form of UBI; there, one does something like cutting spending policy (on various forms of subsidy, say, like for food or housing) by $N and then shifting that $N to UBI so people can choose how to spend it. Here's a right-libertarian take on UBI:

https://www.libertarianism.org/columns/libertarian-case-basic-income

Of course, as with any policy proposal, the details matter a lot. And the Swiss proposal is problematic in a number of ways. For starters, 2,800 USD a month means that a married couple could get $67,200 per year for doing nothing. And while it’s true that Switzerland is one of the richest countries in the world in terms of per capita income, that’s still an awful lot of money. Furthermore, the Swiss proposal seems to involve implementing a basic income in addition to their currently existing welfare system. Few libertarians would be willing to sign up for that deal. But as a replacement for traditional welfare programs, there is a lot for libertarians to like about a basic income.

So, okay, both our wealth-redistribution guys on the left and our small-government guys on the right are talking about UBI policies...but they are talking about policies with very different implications due to the specifics of the policy. The left-wing guy probably isn't especially excited about the form of UBI that the right-wing guy wants, and the right-wing guy probably doesn't like the form of UBI that the left-wing guy wants. So I'd really need to know the specifics of a given UBI policy before I could say whether I think it's a good idea; I wouldn't just be across-the-board in favor of or against any UBI implementation, but would need to see a specific UBI proposal and consider it individually.

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[–] [email protected] 4 points 1 week ago
[–] [email protected] 4 points 1 week ago (1 children)

I feel like it's less about whether the process will go up or if capitalism can survive with it. I in feel that it's going to be necessary for humans to function. With population increasing, and jobs actually decreasing from technology for the first time in human history, from businesses automating stuff or self check out counters, we're just not going to have a job for every single person out there.

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[–] [email protected] 4 points 1 week ago
[–] [email protected] 4 points 1 week ago

I heard an idea once about making minimum wage 0$ and giving everyone a liveabke UBI. That would mean that nobody is required to participate in the workforce, meaning that employers who can't afford to pay their workers a good wage would be priced out of the market rather than being able to prey upon peoples need for, y'know, money (which can be exchanged for goods and services). A very appealing idea for a 16 year old boy, and the only issue I see with it now is extreme specialisation in the workforce leading to less competition between different workplaces for similar jobs.

[–] [email protected] 4 points 1 week ago

Yes, if it is a tax on speculation, investments, and gambling. I can get behind it being a trickle down system that the wealthy can't opt out of.

[–] [email protected] 3 points 1 week ago (2 children)

It's an interesting idea but I'd like to see it tried somewhere else on a large scale first.

You could cut down or outright remove various government assistance programs so there would not necessarily be more money for the poor, just not a bureaucracy to figure out if you qualify for this and that assistance.

Yes, it could coexist. Not sure why you'd think it would not. I still want more than a cubicle apartment and cheapest food.

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[–] [email protected] 3 points 1 week ago
[–] [email protected] 3 points 1 week ago (1 children)

Well I’m on Lenny so sure I’ll pick a fight.

No.

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[–] [email protected] 3 points 1 week ago

Here's what I say about UBI. We may not need it today, but we better figure it out because we'll need it someday. As an example, take a look at America in 1800. 95%+ of people worked in agriculture. With tractors, the cotton gin, etc. all those careers will be eliminated. The cotton gin of tomorrow is autonomous vehicles, robots and/or drones. Jobs like delivery driver, cashier, etc are all on borrowed time. If we don't figure out some new economic framework before that time, our society is toast. All the "unskilled" jobs that served as on-ramps to more advanced employment will literally be wiped off the face of the Earth.

Of course, America being America, we'll treat this like climate change. Deny deny deny, even when it starts actively harming you. By the time someone tries to solve it, we'll all be screwed.

[–] [email protected] 2 points 1 week ago

I'm going to wait and see - there are always unintended consequences and sometime those are bad enough to kill and otherwise good idea. Other times they mean you need to tweak with the simple program to make it work. And as always politicians will have their hand in the whole thing and might completely mess up the implementation until it looks nothing like the name.

[–] [email protected] 2 points 1 week ago

Yes, I am in support of UBI.

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