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re: Silicon Valley billionaire admits that it's time for Universal Basic Income
Posted on 8/18/17 at 8:11 pm to Dale51
Posted on 8/18/17 at 8:11 pm to Dale51
quote:I believe Norway has instituted it, and Y-Combinator is finding a study. I like the idea of studying it before any large scale attempt. But some of the validity is based on the theoretical application of proxy type data, just the flaws of entitlement programs, and the inevitable nature of technology.
What was the study group?
But when I say there is validity, I don't mean it's a definitive answer but it's a valid measure to look into.
Posted on 8/18/17 at 8:11 pm to Iosh
The idea that paying people to do nothing, in THIS country, would motivate them to get educated and start businesses is asinine and you know it.
Posted on 8/18/17 at 8:12 pm to Bench McElroy
quote:
He went on to suggest that the billions spent on university education around the world each year would be put to better use if given directly to individuals as a an unconditional payment.
Considering what everybody going to college has done to the value of a bachelors degree and the spending spree higher ed institutions have been on, I have a hard time arguing.
Posted on 8/18/17 at 8:13 pm to gthog61
quote:Yet we have more free time than we did when crime was higher, so maybe people who commit crimes tend to choose lifestyles with more free time. Or maybe your comment is not true.
Awesome people with too much time their hands commit most of the crimes
Posted on 8/18/17 at 8:15 pm to Vacherie Saint
quote:Actually the opposite is one basis. When people don't have to work to survive, they study and work in things they enjoy, and can do more productively.
The idea that paying people to do nothing, in THIS country, would motivate them to get educated and start businesses is asinine and you know it.
There is a Freakonomics podcast on it, and there are some interesting and compelling arguments.
BUT the main thing is that they have to get rid of the welfare state in its entirety, which is near impossible task.
Posted on 8/18/17 at 8:16 pm to Bench McElroy
This is going to be a pragmatism vs. principle debate.
I'd like to see some studies on how it would be done. Isn't there a developed country that recently tried out something similar??
I'd like to see some studies on how it would be done. Isn't there a developed country that recently tried out something similar??
Posted on 8/18/17 at 8:19 pm to Bench McElroy
We already fricking do this.
Poor in America are given:
Free house
Free food
Free healthcare
Free education
Free phone
Free spending money
Free childcare
What the frick else do they want?
Poor in America are given:
Free house
Free food
Free healthcare
Free education
Free phone
Free spending money
Free childcare
What the frick else do they want?
This post was edited on 8/18/17 at 8:21 pm
Posted on 8/18/17 at 8:21 pm to buckeye_vol
quote:
When people don't have to work to survive, they study and work in things they enjoy, and can do more productively.
Yes the projects and ghettos of this county are running over with studying and productivity.
Posted on 8/18/17 at 8:22 pm to buckeye_vol
quote:
When people don't have to work to survive, they study and work in things they enjoy, and can do more productively.
And write poetry. Nancy Pelosi, is that you?!
Posted on 8/18/17 at 8:23 pm to buckeye_vol
quote:
Actually the opposite is one basis. When people don't have to work to survive, they study and work in things they enjoy, and can do more productively.
Posted on 8/18/17 at 8:31 pm to Breesus
quote:That's the problem though. And why Friedman argued for it. Entitlements incentivize not working--this would not so that.
Yes the projects and ghettos of this county are running over with studying and productivity.
Posted on 8/18/17 at 8:32 pm to Bench McElroy
quote:as if he had something to hide.
Silicon Valley billionaire admits that it's time for Universal Basic Income
quote:.... I stand corrected. He should be hiding a lot. You should learn a bit more about Butterfield.
Stewart Butterfield
quote:Did he say this in Forrest Gump voice?
He added: “Plenty of people are happy and successful without any college, whereas all dead people are just dead”.
Posted on 8/18/17 at 8:33 pm to rintintin
quote:
If you have enough foresight you'll see that eventually a universal basic income is going to be necessary at some point in time. Are we there yet? No. It'll be when robots and automation do the majority of the labor in the country. The real question is how far are we from it?
The steam engine, cars and trucks, electrical distribution, the mainframe computers, personal computers, and hundreds of other technological advances were supposed to destroy the need for labor, never happened will likely never happen. When one job becomes obsolete another need is created, and the labor force adapts.
Mainframe computer.
The PC, etc.
Posted on 8/18/17 at 8:35 pm to Iosh
quote:You quoted it.
Show me the lie
quote:If these people were responsible with their money, and could convert public assistance into succes--they would have already done so.
would be put to better use if given directly to individuals as a an unconditional payment.
If one cannot work the current system of assistance, benefits, and gimmies into some sort of self-sufficiency, the odds of doing it with straight cash payment wouldn't seem to be any better
This post was edited on 8/18/17 at 8:37 pm
Posted on 8/18/17 at 8:38 pm to rintintin
quote:Like how we are massive poverty because of tractors, trucks, and omg just look at all of the buggy whip makers in the unemployment line.
If you have enough foresight you'll see that eventually a universal basic income is going to be necessary at some point in time.
This post was edited on 8/18/17 at 8:40 pm
Posted on 8/18/17 at 8:40 pm to Bench McElroy
I'm coming around to the idea. The idea is that everyone gets a basic income, and all welfare is wiped out completely.
It does make some sense. The government would actually spend less money providing everyone a basic income and eliminating the welfare state than they do now.
The worry I have is that people will keep wanting more and more money and/or bring back welfare also, thus making it way more expensive than it was originally meant to be.
But the idea of UBI itself is actually accepted by even conservative and libertarian economists as being preferred to the welfare state.
It does make some sense. The government would actually spend less money providing everyone a basic income and eliminating the welfare state than they do now.
The worry I have is that people will keep wanting more and more money and/or bring back welfare also, thus making it way more expensive than it was originally meant to be.
But the idea of UBI itself is actually accepted by even conservative and libertarian economists as being preferred to the welfare state.
Posted on 8/18/17 at 8:48 pm to EA6B
quote:
The steam engine, cars and trucks, electrical distribution, the mainframe computers, personal computers, and hundreds of other technological advances were supposed to destroy the need for labor, never happened will likely never happen. When one job becomes obsolete another need is created, and the labor force adapts.
Mainframe computer.
The PC, etc.
That's a fair assessment, but there comes a tipping point IMO. Are we there yet? I said no. I don't think we're even close. We won't see it in our lifetime.
But yes, eventually technology will make all manual labor cease. When that happens low IQ people will have nothing productive to contribute.
Posted on 8/18/17 at 8:59 pm to buckeye_vol
quote:
That's the problem though. And why Friedman argued for it. Entitlements incentivize not working--this would not so that.
The idea that education can only be found on a liberal college campus, and that there is nothing to be learned from work is offensive.
Posted on 8/18/17 at 9:00 pm to Vacherie Saint
quote:Who is arguing this?
The idea that education can only be found on a liberal college campus, and that there is nothing to be learned from work is offensive.
Posted on 8/18/17 at 9:05 pm to PrimeTime Money
quote:Are you prepared to see people starving in the streets? The only way it works is if we truly cut everything else off. When they irresponsible spend all their UBI on hookers and blow, then waste the rest of it instead of buying groceries for their kids and paying their rent... what happens?
I'm coming around to the idea. The idea is that everyone gets a basic income, and all welfare is wiped out completely.
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