I won’t hide this, I was kindly asked by a friend to take a look at this thread. I have to admit that I was surprised and taken aback from the fact that the discussion focused not on whether this will restore dignity and give independence and a new lease on life to those not-so-well-off for whatever reason, and the reduction of inequality (after all, from what I hear, the US is one of the most unequal societies in the developed world), but rather gave me the impression that it was concerning itself too much with minutiae. From the evidence and the history, as this article points out: https://en.wikipedia.org/wiki/Universal_basic_income , it seems that the idea is a) not new at all and that it has quite a venerable and ‘universal’ history (from Julius Caesar’s Rome to Ahmadinejad’s Iran) and that b) it has worked well in various settings (not everywhere admittedly).
So with all due respect I would kindly ask you to see the forest and miss it for the tree, in other words consider whether UBI can help alleviate poverty and reduce inequality (my take would be by empowering people through guaranteed money—If I remember correctly, in some experiments with UBI, there was a surge in enterpreneurship from formerly disempowered sections of the population).
As for numbers (I think EA likes numbers), if a person with an income of 5,000 annually receives a 1,000 annual help, this represents a 20% increase in their revenues. If a person earns 1,000,000 annually then a 1,000 help is merely a (if i’m doing my sums right) 0,1% percent revenue added. However, the difference may be that the first person feeds their whole family milk and bread for the year whilst the second one buys their third Rolex watch. So everybody’s happy.
Apologies in advance if this sounds a bit crude and not logical enough, I’m just feeling a bit sentimental today, Haris
Dear friends,
I won’t hide this, I was kindly asked by a friend to take a look at this thread. I have to admit that I was surprised and taken aback from the fact that the discussion focused not on whether this will restore dignity and give independence and a new lease on life to those not-so-well-off for whatever reason, and the reduction of inequality (after all, from what I hear, the US is one of the most unequal societies in the developed world), but rather gave me the impression that it was concerning itself too much with minutiae. From the evidence and the history, as this article points out: https://en.wikipedia.org/wiki/Universal_basic_income , it seems that the idea is a) not new at all and that it has quite a venerable and ‘universal’ history (from Julius Caesar’s Rome to Ahmadinejad’s Iran) and that b) it has worked well in various settings (not everywhere admittedly).
So with all due respect I would kindly ask you to see the forest and miss it for the tree, in other words consider whether UBI can help alleviate poverty and reduce inequality (my take would be by empowering people through guaranteed money—If I remember correctly, in some experiments with UBI, there was a surge in enterpreneurship from formerly disempowered sections of the population).
As for numbers (I think EA likes numbers), if a person with an income of 5,000 annually receives a 1,000 annual help, this represents a 20% increase in their revenues. If a person earns 1,000,000 annually then a 1,000 help is merely a (if i’m doing my sums right) 0,1% percent revenue added. However, the difference may be that the first person feeds their whole family milk and bread for the year whilst the second one buys their third Rolex watch. So everybody’s happy.
Apologies in advance if this sounds a bit crude and not logical enough, I’m just feeling a bit sentimental today,
Haris