Comment by dgfitz
Comment by dgfitz a day ago
So, when hundreds of millions of people got checks because covid, that wasn't inflationary? Sure feels like it was. UBI is the same thing.
Comment by dgfitz a day ago
So, when hundreds of millions of people got checks because covid, that wasn't inflationary? Sure feels like it was. UBI is the same thing.
You're also not listening. It won't work. There is no reality where it works. We all know this and pretend otherwise.
Everyone on this forum with hundreds of thousands to millions of dollars in the bank will just stop working. Who pays for the UBI?
It just will not work, there is no path forward where it can.
The main effect of UBI getting people to not work is that it raises the bar for working from “I don’t want to live outdoors and starve” to “you are paying me more than my time is worth”.
People that use ubi to quit their jobs mostly end up investing their time in things like additional education, higher paying (per hour) part time positions or entrepreneurship.
>"Everyone on this forum with hundreds of thousands to millions of dollars in the bank will just stop working."
Why would UBI stop the category from working? From my personal perspective - I am an independent, make good money, have savings and work on my own terms and schedule. I just can't imagine stopping doing what I do and loose the income and freedom it gives me for some meager $1000 or so a month.
> There is no reality where it works.
except for all the trials already done that show that it _does_ work
"Trials" by true believers who don't understand their own proposal?
We don't need trials to know if UBI can work or not. Basic economic literacy is all you need. It's like saying there's a bunch of trials that show 2+2=5. No review of the trials is required, all the statement means is the trials were incorrectly designed/run.
The concept of UBI boils down to "something for nothing", which is incoherent, practically a violation of the laws of physics. Money is not wealth. You cannot simply pass a law that magics wealth into existence. The only way to give everyone a minimum standard of wealth is via the already heavily used strategy of taking wealth away from other people who are creating it, and then hoping it doesn't bum them out so much they stop working.
I don't think there has been a trial that shows what happens if you do it, permanently, for everyone, and raise taxes enough to pay for it.
I don't agree with dgfitz's dogmatic "it will not work". But I don't agree with your claim, either. There has never been a city- or state-wide trial, let alone a national one, that increased taxes to pay for it. So under actual conditions, no, we don't have evidence that it works.
That's a different claim than the one you made in reply to hedora. There, you claimed post-Covid inflation as evidence, despite the fact that it didn't disprove hedora's position at all. Here, you claim (without any proof) that everyone will stop working. Even people with millions in the bank, who are working now, will stop working... because they get an extra $1000 a month?
You could be right, but I'd like more than a bald statement that "it is so" before I believe you...
You're not listening. During Covid, we did not do what the GP said. So no, UBI (implemented the way the GP said) is not the same thing.