RE: Unintended downsides
1) $10k is FAR too much. The gov has things to do other than BI, and having children shouldn't be a lifestyle. "Basic" should mean "poverty" (a min wage job easily takes you above that).
For example, median household wage is currently $52k(ish), I have 4 kids.
2) Giving out free money is popular, if we go down this road the gov will be under huge pressure to increase the BI (just like Social Security was originally intended to be a very basic low key top off, not your entire retirement).
3) The Purity of this system is great, but I'm not sure what happens after we get lots of political meddling.
I like the idea... a lot... but only if it's replacing existing systems (i.e. not a massive tax increase) and not in addition to them.
*Comment archive for non-registered commenters assembled by email address as provided.
On “The Unconditional Basic Income and the Hayekian Price System”
RE: Unintended downsides
1) $10k is FAR too much. The gov has things to do other than BI, and having children shouldn't be a lifestyle. "Basic" should mean "poverty" (a min wage job easily takes you above that).
For example, median household wage is currently $52k(ish), I have 4 kids.
2) Giving out free money is popular, if we go down this road the gov will be under huge pressure to increase the BI (just like Social Security was originally intended to be a very basic low key top off, not your entire retirement).
3) The Purity of this system is great, but I'm not sure what happens after we get lots of political meddling.
I like the idea... a lot... but only if it's replacing existing systems (i.e. not a massive tax increase) and not in addition to them.
*Comment archive for non-registered commenters assembled by email address as provided.