Universal Basic Income, huh?

[Ghost Utmost]

Where's that one Breh at who keeps talking about this shyt

https://nyti.ms/2HpHmQE

They scrapped it

(EDIT: attempt to fix link)

 

[newworldafro]

So if this experiment didn't work in Finland (there are other countries experimenting as well) one of the highest taxed countries on earth..............and if the robots take away so many tens millions of jobs currently being done by humans.........then.....

 

[kevm3]

universal basic income is garbage. It's pretty much welfare on steroids and gives the government massive control over vast portions of the populace. Where are these checks going to come from? The government. How can you realistically criticize the entity that is providing your only source of sustenance?

How about these corporations actually pay workers decent wages and stop trying to create mass unemployment through robotics?

 

[Take It In Blood]

Worker owned co-ops where the owner doesn't take millions off the top of a company for simply owning the name is a better alternative imo. At the end of the day corporate greed is the problem.

 

[Ethnic Vagina Finder]

Worker owned co-ops where the owner doesn't take millions off the top of a company for simply owning the name is a better alternative imo. At the end of the day corporate greed is the problem.

That won't work on a large scale. The people who make the most capital investment will get the biggest return. If all the employees buy shares then I would understand. But normally, regular employees don't have the capital.

Facebook is a prime example. Most startups habe 2 goals.

1. Became big enough to attract millions from investors so they can grow.

2. Become big enough to get bought out.

 

[GnauzBookOfRhymes]

So because the govt decided not to extend an initial trial, with results of the plan not yet having been released, that means the underlying premise is faulty?

*Ghost fires up laptop to catch up on latest news...accidentally types “ nytttimes.com” and gets error page*

“I knew this shyt was pointless...don’t even know why I bother staying informed!”


*Ghost strikes match to light up candle for baby’s birthday cake*

*match burns out before candle lit*

“fukk this shyt...birthday party is over, everyone get the fuk out!”


*It’s 1899 and Ghost is about to test his first air flying machine prototype*

*engine turns, machine picks up speed, thrust doesn’t kick in*

“Well that’s that...utterly pointless, we humans are destined to remain earth bound”



Ol’ one and done azz nicca

 

[Ghost Utmost]

So because the govt decided not to extend an initial trial, with results of the plan not yet having been released, that means the underlying premise is faulty?

*Ghost fires up laptop to catch up on latest news...accidentally types “ nytttimes.com” and gets error page*

“I knew this shyt was pointless...don’t even know why I bother staying informed!”


*Ghost strikes match to light up candle for baby’s birthday cake*

*match burns out before candle lit*

“fukk this shyt...birthday party is over, everyone get the fuk out!”


*It’s 1899 and Ghost is about to test his first air flying machine prototype*

*engine turns, machine picks up speed, thrust doesn’t kick in*

“Well that’s that...utterly pointless, we humans are destined to remain earth bound”



Ol’ one and done azz nicca

The point is: it's illogical

No amount of thinking will turn $10 into $100. For that people have to add value by

Working

Money is a high concept embodiment of the "wealth" of the country that issues it. Goods and services. And now information.

People sitting at home are not generating wealth. They are sucking the teat dry.

Why is Greece broke and Germany rich?

The people the people the people people the people

 

[MeachTheMonster]

I think a universal income would work better than the social safety net programs we have now.

We spend billions managing those programs. If we could remove the need for any of that and just give a basic income to help people meet their needs I think we'd save money and help people better.

 

[PoorAndDangerous]

They haven't even released the findings yet. How can you draw any conclusions? Ubi is inevitable.

 

[GnauzBookOfRhymes]

The point is: it's illogical

No amount of thinking will turn $10 into $100. For that people have to add value by

Working

Money is a high concept embodiment of the "wealth" of the country that issues it. Goods and services. And now information.

People sitting at home are not generating wealth. They are sucking the teat dry.

Why is Greece broke and Germany rich?

The people the people the people people the people

It's obvious you're completely missing the point. If you're not trolling, I'd recommend you really study up on the current economic situation and how/why UBI fits into the policy prescriptions for the issues that our technological advances will create.

 

[GnauzBookOfRhymes]

The irony of this is that UBI = the "free market" view.

Capitalism/free market ideology tells us that economic/business decisions need to be made based on a cost/benefit analysis. For example, as a business owner I'm not going to spend 100K on a machine if it's only going to give me 85K in added benefits over the lifetime of its use. As time progresses businesses will continue to invest more in automated technology because it leads ultimately to higher profits. The government will not be able to shoulder the added burden of the millions of people whose jobs will be lost due to this transition. Long term unemployment has been linked to a wide variety of negative effects/consequences (poorer health, increased depression/anxiety, lower quality of life for family, decreased educational attainment in children). It will make more financial "sense" to pay people an amount that will satisfy their basic economic needs, than to continue to try and force people into a pernicious cycle of un/underemployment.

Think about it.

 

[Rekkapryde]

Worker owned co-ops where the owner doesn't take millions off the top of a company for simply owning the name is a better alternative imo. At the end of the day corporate greed is the problem.

100% agree. When profit sharing was prominent between the owners and workers, that was great. But now everything is all about stock holders with employees being last.

 

[rapbeats]

universal basic income is garbage. It's pretty much welfare on steroids and gives the government massive control over vast portions of the populace. Where are these checks going to come from? The government. How can you realistically criticize the entity that is providing your only source of sustenance?

How about these corporations actually pay workers decent wages and stop trying to create mass unemployment through robotics?

The top part you have a point. But their are quite a few people employed by the government who right now have said negative things about the government. so there's no guarantee what you're saying would actually be the case just cause we're getting our money from the govvy.

now to part 2. it's not about them paying workers a decent wage and not using robots. it's about whats the most efficient way to build 1000's of these things that we sell? is that a human or a robot?

What is the most efficient way to by, sell, and trade stock? using a person or an algorithm?

once you do the math and the statistics. you realize the robot is better and so is the AI/algorithm

So to your point we dont have to have the government issue the money. the companies could. but we know how shady companies can be without oversight and regulation.

The truth is, at this rate we will have to have some sort of a basic income.

 

[Ghost Utmost]

It's obvious you're completely missing the point. If you're not trolling, I'd recommend you really study up on the current economic situation and how/why UBI fits into the policy prescriptions for the issues that our technological advances will create.

I read something about it

I posted it in the OP

Something like:

A foreign country tried it and now they don't think it's working

If trolling is people saying things they don't mean online, that's never me. I mean everything I type.

 

[kevm3]

The top part you have a point. But their are quite a few people employed by the government who right now have said negative things about the government. so there's no guarantee what you're saying would actually be the case just cause we're getting our money from the govvy.

now to part 2. it's not about them paying workers a decent wage and not using robots. it's about whats the most efficient way to build 1000's of these things that we sell? is that a human or a robot?

What is the most efficient way to by, sell, and trade stock? using a person or an algorithm?

once you do the math and the statistics. you realize the robot is better and so is the AI/algorithm

So to your point we dont have to have the government issue the money. the companies could. but we know how shady companies can be without oversight and regulation.

The truth is, at this rate we will have to have some sort of a basic income.

The problem is that although you might find a super efficient way to produce these items, nobody can purchase the items you have because nobody has money to purchase these goods.

This universal basic income only works in a world where you didn't have devious, ultra greedy people running things. If we all got a $1000 paycheck, the only thing that would happen is companies would immediately raise the prices of things to absorb that paycheck, so we'd end up right in the same position... Actually we'd be worse off since the masses wouldn't have a job and these corporations have made everything so expensive that people are barely getting by if at all. Efficiency might be important to a single business, but it's not so business that it will essentially destroy the whole economic system that nobody can actually buy the things that a business produces because they are unemployed.

Another huge problem is paying for this universal basic income. We can say, hey we'll just tax these companies a superhigh rate, but all they'd do is move their companies overseas and ship the product back here. We can raise the taxes on individuals, but the masses wouldn't have a job, so there is nothing there to tax, and if the rich felt like they were being taxed too much, they'll up and flee to some other country or try to create their own island nations, which they've actually tried to do before.

Libertarian Island: A billionaire's utopia