OMG UPDATE: Like us on Facebook or follow us on Twitter to get updates on updates!

Updated on Tuesday, July 5

#23781

OMG: So, thoughts on basic income?

18 comments

  1. socialist trash idea that encourages laziness, though less so than our current welfare system

    negative income tax is superior in all respects

    ReplyDelete
    Replies
    1. you mean the gov`t gives you money, and more money if you have a higher income?

      Delete
  2. Could work. They would really need to look at the accounting of everything to see if it does make economic sense. Free education for suitable candidates would be preferable imo.

    ReplyDelete
  3. When you give people the option to work or not work, they'll typically choose the latter. It's human nature.

    ReplyDelete
    Replies
    1. That's not exactly the choice though. The fixed minimum income is low enough that the choice is between barely getting by for free or working and making a real living wage. All it does is provide a safety net for those not fortunate enough to have one in place already.

      Also, no more guilt over not giving money to beggars.

      Delete
    2. If I had the choice between not working and all-but-starving, or working and being able to afford things, I would always pick the latter. Nobody is suggesting a mincome that allows people to live in the lap of luxury without ever lifting a finger - just something that'll mean nobody starves while not working (or working below the poverty line).

      Delete
  4. Who is paying for it? Sounds fucking great until you realize you are just cheering on theft from your high horse. Seriously the money has got to come from somewhere. Also basic economics dictates this will be inflationary in the long run. Simply increasing aggregate demand does nothing for growth.

    ReplyDelete
    Replies
    1. Very true. Part of the money will come from the existing social services which will become obsolete. The other will come from increased taxation. Sorry, the truth is that if you want to be surrounded by happy people and a stable society you're going to have to help out.

      The unfortunate truth is that the people with real power to make it happen are going to pick getting a better model of Ferrari over allowing some part of their salary go to helping society. Then they grumble about all the poor people mucking up their cities.

      Delete
    2. I think you vastly overestimate how much money public servants make.

      Delete
    3. @4.a
      "going to pick getting a better model of Ferrari over allowing some part of their salary go to helping society. "
      Do you not know where that Ferrari comes from?
      The lack of understanding in basic economics is astounding.

      Delete
  5. The people with the power to make it happen are voters. And the truth is they would rather provide more for their own families and selected charities.
    The existence of a policy like BI requires that the majority of people care about the stability and happiness of the people that surround them. But if this is true, then a majority of people would voluntarily contribute.

    ReplyDelete
  6. My biggest concern is that we will dismantle institutions aimed at helping the most needy in order to help everyone equally, those who can use the help and those who cannot. Shouldn't we focus our efforts on those who need it most?

    ReplyDelete
    Replies
    1. Sure, that's literally the *point* of mincome. If you're sending the money to everyone, you're doing it wrong.

      Delete
  7. How can support for a policy like this exist at UW? Most people from UW are going to go on to make some decent bank and they just want to cuck themselves into higher income taxes.

    ReplyDelete
    Replies
    1. Most people at UW will end up being baristas when they find out co-op experience is a catch phrase for paying to be pimped out by a university to cover maternity leave and get coffee for the other graduates.

      Delete
    2. Hah so true

      Delete
  8. Fucking communism. Taxes are already high enough. Trudeau can go suck a dick (maybe Muclair's, since they've been making out recently)

    ReplyDelete
  9. Basic income makes the poor the governments bitch;
    astonishingly moreso than they already are.
    t. Friedman

    ReplyDelete