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?
Your theory about companies raising prices to offset UBI is actually undercut by historical and present evidence.
There was a time when the United States had welfare. The United States still has food stamps. But nobody is seriously pretending that these things did or do drive up grocery prices.
Similarly, over time various states have raised minimum wage, and if your argument were accurate, then the prices in those states would have immediately risen to match minimum wage, but they didn’t.
In other words, you’re repeating a conservative talking point that has been repeatedly debunked by reality. I think you could try to improve your argument by arguing that inflation happens across the board, to everything, and therefore it would also happen to UBI. But what we’ve actually seen is that’s not true.
Well I’m on Lenny so sure I’ll pick a fight.
No.
I support it. It’s an insanely expensive policy though and should be implemented carefully and be based on income. An example would be:
- No income $1000 a month
- Min wage $500 a month
Combined with better tax policies that don’t tax poor people. Health, education and other basic services should be almost free while having a strong social housing programme.
This way nobody gets priced out of living and there’s still plenty of incentive to get a job while having some funds to invest in hygiene and clothing to land the job.
This amount and threshold should be increased in the future.
I really support UBI since you can better model the demand curve with externalities instead of making things free while having it accessible to poor people. Free school might be too low of a cost when calculating benefits to the individual and society so giving people money to afford a heavily subsidised cost would allow for more accurate economics.
No, I don’t support UBI, but I support UBS - Universal basic services. Food, housing, water, education, etc should be free at a basic level. Basic level for housing for example will be ‘Housing First’ concept in Finland.
Those basic services all have a cost associated with them… that’s why people support UBI to cover those basic services…
Why are you under the impression that UBS will not pay for those services?
The US Post service is the biggest UBS that most Americans pay with taxes. Those who can’t afford or can’t make money to pay taxes or otherwise still benefit from it as “free”
You seem to think it doesn’t exist or will not work. Yet it does. Libraries exist, public transportation exists. People needs can be met.
I agree, and I think the best service we have but is being overshadowed by Amazon is the US Post service. It really needs a push to modernize.
I also think instead of UBI, anything that is a basic need will be taxed based on a progressive schedule instead of a flat percentage. That way if they try to make it more expensive then it will be taxed too much to be viable. We need to combat this inflation and make it so that a lower priced item is more profitable!
I’d be in favor of both. Universal services and some income.
A little bit of basic income would allow some flexibility just in case there’s something that UBS doesn’t cover on an individual level.
UBI that’s big enough to cover housing, food, clothing, education, etc would almost certainly get abused and exploited in every way possible to not be used on housing, food, clothing, and education…
My stance on this is that if a machine can do the work of a hundred men, then ninety-nine men should be able to retire early with pay. Anything else is theft.
So, yes, I support UBI, and no, I don’t think it would break capitalism. It’s the same amount of money being put into circulation, just for less work.
I don’t like the idea of of subsidizing demand, but i’ll take anything at this point
USA needs universal healthcare first
While I agree, I personally think we should get rid of the existing support like food stamps, unemployment and replace with UBI.
Reasoning being with the current system it’s too easy to work and be worse off. Example being if you make $20 over the income bracket you might lose $100 in food stamps. With UBI there’s less administrative costs because everyone is eligible, less fraud and most important any effort you make to work will always improve your financial situation.
Never considered this, it sounds quite reasonable to me.
I assume you don’t believe in capitalism then. Because you suggestion is that the companies set the prices rather than the market. Anyway im for it because if done properly to should cover just needs. food and housing essentially. and it should replace all forms of cash assitance. welfare, disability, social security, unemployment. since anyone doing well would pay as much additional tax as they get or more then it just becomes something that helps when you need it. Lose your job and you immediately look for work not muck around with applying for unemployment because its always there. Get injured and you immediately have it. Can’t work due to age and its there. work part time and its there to help if you can’t handle 40 hours for whatever reason. have a kid, go back to school. Go to college and you have the funds to pay for the dorms and just need to worry about actual tuition.
Yes.
The whole competition for who has more money because that means they are more successful and thus far be superior over others is… Stupid
Let’s say 50k is average income
Basic income is 10k
The average person would get 10k in UBI but pay 10k more in taxes
They will have 50k dollars
Someone that makes 100k would get the 10k in UBI but would have to pay 20k more in taxes.
They will have 90k dollars
Someone making 15k (federal min wage) would get 10k in UBI and pay nothing in taxes
They will have 25k dollars
This is simplified, but the idea is that all three people still made 165k combined. Just the person at the bottom got some help.
UBI does not increase the total amount of money in the economy. Just moves it from the rich to the poor.
The average person is still going to have the same spending power
UBI only exists to solve a problem of capitalism. Other systems could have a UI like communism. But it’s the flaws of capitalism that needs it to correct itself.
Social programs exist in capitalism and have existed for years. They are just a complex way of solving a basic problem. “How do we get poor people money?”
Personally, I’d be for UBMI (Universal Bare Minimum Income). Everyone should be provided bare minimum from the society. Food, water, shelter, etc. If you can afford to pay it back, great, if you can’t, that’s fine too. But when people talk about UBI it’s always “how much??”. And it should be the bare minimum to survive and not be forced to run the capitalism rat race. If you’re content to sit in a small shelter and eat 3 meals a day, the government should give it to you. The government gives it to people who break the law and are no where near as deserving
UBI only exists to solve a problem of capitalism […] moves it from the rich to the poor.
I’m not sure I agree that UBI is the best way to solve this, but we are in agreement about the massive flaw in capitalism. When the richest man extracts the final dollar from his rival, capitalism is over. Money has no meaning because no one has any except for that one guy. That’s an impossible extreme, but it demonstrates the fundamental flaw that without money circulating, there is no economy.
Putting money into the hands of the poor stimulates the economy. It gives them some ability to participate beyond the simple need for shelter and sustenance. Anyone with no discretionary income has no role other than demand for basic necessities (that’s not intended as an insult, that’s the reality of a wealth-based society)
That being said, handing money out to everyone has an inflationary effect, so there would have to be some thought put into countering that. And I guarantee payday loan places would find a way to keep the poor impoverished.
Anyway yours was a good comment I thought I’d piggyback into. There are flaws with UBI, but unfettered capitalism is unsustainable and it certainly one way to address the issue.
Would this communism have money? If so, what’s the purpose of the money?
If people are choosing to buy things, that’s a free market and it’s not communism. If people are forced to buy specific things, it’s not really buying.
If people are free to buy certain things but new people aren’t allowed to enter the market with new products, that’s just worse than capitalism.
If so, what’s the purpose of the money?
Barter and trade will always be part of humanity unless we somehow manage post-scarcity. Money is so far the best way we’ve found to manage and track the value of things for that system.
If people are choosing to buy things, that’s a free market
No, it’s just a market, and even then that’s not a guarantee at all. It could be that people just trade money for valuables amongst themselves, or other systems I’m too stupid to conceive of
If people are forced to buy specific things, it’s not really buying
Yes, it is? Its only not buying if you don’t trade money for it, ie the government sending it to everyone for free
If people are free to buy certain things but new people aren’t allowed to enter the market with new products, that’s just worse than capitalism.
Good thing that’s not anyone’s suggestion
Yes I’m in favor of UBI.
I think capitalism would survive just fine with UBI.
I don’t think prices would automatically cancel out the money, because prices are still subject to competition.
As for whether people would still work after their basic needs are met, obviously. The evidence is people who are beyond subsistence and still seeking more money.
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.
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.
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.
I think this is a good place to start as the initial recipients are those most in need.
only if that income is required for basic necessities and everyone will need in their lives. for a generalization, there are three things I can think of the top of my head that everyone needs. It is to have housing, healthcare, and food. There are many more basic needs people should have fulfilled but I digress.
Currently in many first world and third world countries/classes are reliant on funding to fulfill most if not all basic needs. That is when it should be mandatory for UBI. How is something like that funded? like everything else. we all pay for it. Call it taxes, call it charity, call it whatever you want.
Yet, Why would someone need UBI for basic needs? well mostly because the general public is more divided and distrustful of centralized sources/authorities. Yet the only way UBI would be able to occur is with that kind of system.
So in all I don’t think UBI would be supported by me. I like federated services and decentralization. I don’t like the current state of all basic needs being behind paywalls. It is disappointing. I don’t know what would help us the most, but moving into this direction is just not what I can see would be kind to people who are low on economic scales or helpful for most who are barely scraping by. Even if I live more or less comfortably right now, I see many basic needs in my life that I would still want to improve substantially or become available for me to act on.
While I’d prefer to fully dismantle the whole capitalist system, I can accept UBI as the most realistic compromise we’re likely to get in our lifetimes.
I’d be happy to see our kids get it in their lifetime - I lost hope to see it myself with how backwards my country is
Yes.
