A minimum to live
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- ukit20
Scrap the Welfare State and Give People Free Money
A guaranteed income would reduce the humiliations of the current welfare system while promoting individual responsibility.
- murry's plan sounds really bad. miltons key is the percentage to provide a incentivedeathboy
- ... and of course the majority of comments base their opinions on the false idea that the poor are just unproductive, lazy drug addicts.IRNlun6
- addicts.IRNlun6
- its matter of self worth... maybe. some people just depressed and self destructive.yurimon
- the people running the world are pure psychopaths..yurimon
- ukit20
@ _niko
I don't think prices would go up just because you give people money. If you gave everyone a million dollars, the cost of a loaf of bread would not increase by a million dollars, canceling out the payment. The way I understand it (caveat: also not an economist :) prices go up because of either increased labor costs, or in some cases increased demand. It's arguable whether basic income would lead to either of these happening. In terms of labor cost, it's potentially a net positive for businesses since usually basic income would be tied to more flexible labor practices (since people have more security).
- no but the breadman might increase it by 25¢ figuring that people have more disposable income and wouldn't mind._niko
- multiply that by all the grocery stores, gas stations, coffee shops, restaurants ect and it becomes a wash._niko
- I notice this phenomenon with real-estate, interest rates go down and drive the house prices up, and the inverse happens when the interest rate goes up._niko
- ...happens when the interest rate goes up._niko
- but, the flip side is that with more disposable income, there might be more breadmakers, thus adding competition and keeping prices low._niko
- ...keeping prices low._niko
- The breadman can try to do that but what happens when the other business down the street doesn'tukit2
- You're basically describing a system of collusion where companies arbitrarily set prices however they wantukit2
- Your RE example is purely supply and demand - lower interest rates = more demand, inflating pricesformed
- Part of the inflation equation in fiat currency system is also demand and supply of money.yurimon
- uan0
Milton Friedman
Negative income tax http://en.wikipedia.org/wiki/Neg…- Milton Bradley and Stanton Friedman got hitched... hijo de putaZOOP
- _niko0
not an economist but wouldn't this be cancelled out by inflation?
if everyone has an extra 3k/month income, then everything goes up accordingly no? Landlords raise prices a little, gas is a bit more, coffee is a bit more ect, essentially cancelling out the benefit and being back at square 1?
- yurimon0
Over all older systems of community life, For the most part people were taken care of, especially the elderly. the fact that you have to legislate what normally would have been called acts of compassion and what was considered normal duty of a human is disturbing.
There are other species of animals who have minimal to live.
- This is more like slavery, if we're comparing to economic modelsukit2
- uan0
this film from 2008 explains everything, and how it work.
didn't found an english version, this version has english subtitles:
http://dotsub.com/view/26520150-…
- cannonball19780
This is a horrible idea. Currency is there to abstract and translate value people have created. For a healthy vibrant economy you need people producing. With a minimum to live you have removed the incentive to act to survive.
- ukit20
Switzerland is going to hold a referendum on this
- ukit20
What's interesting if you read the article is that he's actually questioning the idea of whether full employment is still realistic because of technology and automation making companies more efficient. Everyone always talks about how we need jobs but what if its just not possible or efficient to employ everyone anymore?
- Full employments is never reachable anyhow. As you approach it, wages costs skyrocket (supply and demand),monNom
- Yeah but the point is that the world is changing because of technology, globalization etcukit2
- "Imagine a point in the future when robots do more of our physical labour, computers do more of our mental labour, and our mechanized-digitized economy is ten times more efficient."ukit2
- our mechanized-digitized economy is ten times more efficient. Between now and then two things can happen, either we do 90% less work, or we demand ten times more goods and services, or a bit of both."ukit2
- either we do 90% less work, or we demand ten times more goods and services, or a bit of both."ukit2
- formed0
Sure seems like it'd make for a lot of people sleeping in.
Why don't we just start with free health care? That'd take a burden off businesses and eliminate the billions wasted in lawsuits, over billing, etc.
Just giving people a check, imho, would make for Samsung's and Apple's (probably Sony's and MS for games too) stocks sky rocketing. Most people have no comprehension of saving or spending responsibly.
- ESKEMA0
I wonder who will volunteer to clean toilets.
- Frosty_spl0
We don't need an enabler society more than what is already in place.
Most lower class people with shitty jobs will all quit in droves and just live off the government.
- GeorgesIV0
Am I the only one thinking that for this to actually work,
we'll need to decrease the world's population by kinda a lot?
this can't work if you include everyone on the planet,
can anyone explain it to me like I'm five..- Computer says you must not live because you produce to much carbon. your existence exceeds world carbon quota.yurimon
- drgs0
already on test in germany
- shaft0
Give everyone a piece of gold, every month.
Question: is gold going to go up or down in value? Is it going to be worth anything if people get it in exchange for nothing?
- +1monospaced
- tbf social welfare is not money for nothing, it's baksheesh for not pillaging middle and wealthier classes.shaft
- it's a perception thing, it might seem like leveling the field, but it doesn'tmonospaced
- doesnotexist0
goes against capitalism