Canada essentially tried this over the past several months with the (expected) result of running a MASSIVE deficit and increasing total debt. Low income workers would not return to work as they would have to take a PAY CUT weening off the benefits.
UBI is just the government declaring a reversal on inflation without changing anything.
All UBI does is create inflation identical to the extra magic money thrown at the market. In the end, nobody's better or worse off than they were before.
No, but if everyone is receiving government $$$.. look at post secondary schooling, housing, healthcare, and just about anything they get involved with.
Another reason why UBI is a pipe dream. Lefties will never allow a dime of benefits, even a nominal tax cut, to go to middle class white people. By middle I mean actual middle class. They are somewhat ok with benefits for the impoverished.
That's really not socialism, that's just how they try to trick people into voting for socialism.
Socialism (communism) is a dehumanizing system that squashes individuality and applies value to a person based solely on how they fit into the collective.
If you add up every time your money cycles through the government, it becomes hard to calculate, but I'm sure many people are well above 50%. 50% would cover federal and state taxes on a high earner in a high tax state. Then you have to add in payroll, sales, excise, etc.
we need to control our deficit. If the govenment eliminates the national debt and there is excess tax revenue, I think a distribution of the excess to people would be fine.
That picture won't age well. Automation and weak AI will be able to take 90% of current jobs over a few decades, and continue to take 90% of new jobs invented. There won't be paid positions for most people who do want to work, unless that turns out to only be the top 10%. Denial won't change anything.
Illegal immigration should be stopped, obviously, or the law changed to legalize the immigration you want.
Legal immigration of unskilled workers on the idea that they'll be needed is pure nonsense.
Immigration of high IQ / highly skilled workers is always a benefit to the host nation, a long as they integrate.
Of course there are more than the utilitarian factors to immigration, but that's out of scope.
Oh no all those out of work file clerks are just littering the streets after digital filing systems were created. Dish washers and clothes washers have been on unemployment for 100 years now. How will we ever recover.
Simple mechanical jobs have gradually been replaced with simple thinking-jobs. Now we are replacing the simple thinking-jobs. What do we have left to separate us from the automation? Warm bodies?
Yes this is true, there will be new jobs. But not the kinds of mechanical ones that started being phased out last generation, and not the simple thinking-jobs what didn't exist one generation ago that we are now starting to phase out. That leaves only tasks where we value that it's a real person doing them. So the entertainment industry will continue to provide jobs for celebrities, as the audience demands it, despite it becoming faster and cheaper to just "do them" with software - and software will be so good that the crew behind the scene will shrink to a fraction of what it is today. At the other end of the scale, some people will want to pay a premium to go to a restaurant and have a real human wait on them. Other than that, I don't think we'll suddenly find a massive source of jobs that don't involve doing physical work or intellectual work.
Canada essentially tried this over the past several months with the (expected) result of running a MASSIVE deficit and increasing total debt. Low income workers would not return to work as they would have to take a PAY CUT weening off the benefits.
I don't know what Canada did, but you wouldn't lose UBI by working.
I'm not for it at all to be clear.
UBI is just the government declaring a reversal on inflation without changing anything.
All UBI does is create inflation identical to the extra magic money thrown at the market. In the end, nobody's better or worse off than they were before.
No, but if everyone is receiving government $$$.. look at post secondary schooling, housing, healthcare, and just about anything they get involved with.
Another reason why UBI is a pipe dream. Lefties will never allow a dime of benefits, even a nominal tax cut, to go to middle class white people. By middle I mean actual middle class. They are somewhat ok with benefits for the impoverished.
The USA just did the same thing with the Covid bonus. I can't find people who want to work because they make more money staying at home doing nothing.
Thank goodness that those stimulus checks are temporary. We’d be bankrupt otherwise
That's really not socialism, that's just how they try to trick people into voting for socialism.
Socialism (communism) is a dehumanizing system that squashes individuality and applies value to a person based solely on how they fit into the collective.
Taxation is theft
Which taxation, Direct or indirect?
What they don't tell you is that the "free stuff" is shitty stuff you had to make yourself.
Ha, you think they would stop at 50% tax? More like "hard work, keep a third."
If you add up every time your money cycles through the government, it becomes hard to calculate, but I'm sure many people are well above 50%. 50% would cover federal and state taxes on a high earner in a high tax state. Then you have to add in payroll, sales, excise, etc.
If this is the definition of socialism then the US is already socialist because my tax rate is through the fucking roof
Should show the back of the building where directly behind the socialism door is a sheer cliff.
I have always said, if we become socialist, the first thing I'm going to do is quit my job. I aint paying for your crap with my hard work.
Actually, the first thing I'm going to do is lose me guns in a boating accident.
‘Socialism: You have two cows. You keep one and give one to your neighbor.
Communism: You have two cows. The government takes them both and provides you with milk.
Capitalism: You have two cows. You sell one and buy a bull to have more cows.’
Keep half?
So you're saying UBI will lower my taxes?
Hell NO! DemocRATs have never seen a tax they didn’t love.
Id love free shit for nothing. Who wouldn't? We just know its BS.
we need to control our deficit. If the govenment eliminates the national debt and there is excess tax revenue, I think a distribution of the excess to people would be fine.
That picture won't age well. Automation and weak AI will be able to take 90% of current jobs over a few decades, and continue to take 90% of new jobs invented. There won't be paid positions for most people who do want to work, unless that turns out to only be the top 10%. Denial won't change anything.
Yes it will take jobs. But it will also create jobs that we can’t even comprehend yet.
What are your thoughts on immigration? Legal/illegal
Illegal immigration should be stopped, obviously, or the law changed to legalize the immigration you want. Legal immigration of unskilled workers on the idea that they'll be needed is pure nonsense. Immigration of high IQ / highly skilled workers is always a benefit to the host nation, a long as they integrate. Of course there are more than the utilitarian factors to immigration, but that's out of scope.
Good points, appreciate it!
Oh no all those out of work file clerks are just littering the streets after digital filing systems were created. Dish washers and clothes washers have been on unemployment for 100 years now. How will we ever recover.
Simple mechanical jobs have gradually been replaced with simple thinking-jobs. Now we are replacing the simple thinking-jobs. What do we have left to separate us from the automation? Warm bodies?
Gosh, am I back in 1995 because people were saying the same exact thing then.
Why didn't it happen yet?
But we have also shifted to service based economies. People still like interacting with other people.
Plus, there will be new jobs which we can’t imagine yet. Twitch streamer, SEO specialist, app developer etc didn’t exist one generation ago.
Yes this is true, there will be new jobs. But not the kinds of mechanical ones that started being phased out last generation, and not the simple thinking-jobs what didn't exist one generation ago that we are now starting to phase out. That leaves only tasks where we value that it's a real person doing them. So the entertainment industry will continue to provide jobs for celebrities, as the audience demands it, despite it becoming faster and cheaper to just "do them" with software - and software will be so good that the crew behind the scene will shrink to a fraction of what it is today. At the other end of the scale, some people will want to pay a premium to go to a restaurant and have a real human wait on them. Other than that, I don't think we'll suddenly find a massive source of jobs that don't involve doing physical work or intellectual work.