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by lastyearman 3601 days ago
The rich have nothing to do with UBI. It's the middle class, or new machines/automation, that we can only take from. Lets do a little thought experiment. Lets forget money and make some assumptions.

First, lets assume that after UBI the total amount of work done does not change. Then lets assume that after UBI the poor does not work any harder and certainly neither does the rich (do the rich even work at all?). So if poor were to come out ahead from this deal, then it must be either the middle class, or the new machines (automation), that are now working harder.

And thus if we come up with new automation, or a way for the poor to work more, then UBI does not have to come at anyones expense.

1 comments

You are assuming a static system in which wealth transfer is a zero-sum game. Unfortunately that isn't the world we live in. It is entirely possible that administrative systems to transfer wealth could utterly destroy the economy (for example, Venezuela).

In particular I'm at a loss to understand the arguments for UBI that assume the system could/should provide a sufficient income for everyone to 'live' independent of any other source of income. How exactly would that work? Wouldn't the people actually working be just a bit unhappy being taxed to support people who didn't work at all? Wouldn't people on the margins simply stop working? Wouldn't this system drift into a completely unsustainable configuration?

In Scandinavia everyone is already guaranteed a certain amount of income by law. If you can't get it by working, then it is provided by welfare. I don't see UBI being any different.

But you're right. I don't know how people in the US would react. Maybe they would see it as an evil tax from rich to poor and never accept it. However, I'm arguing that it doesn't have to come with any extra tax burden.

There is an UBI experiment starting in Finland in 2017. If it proves to be successful, then I have no doubt that it will be implemented elsewhere too.