[ap3]

I don’t get what UBI solves vs the existing social safety net programs

>James Felton Keith, tells The Sociable that a Universal Basic Income is the best way to distribute an equity stake in productivity — thus creating an “asset holder class.”

US already provides a tremendous amount of value to its residents vs the rest of the world - doesn’t that count as a stake in productivity ?

[akvadrako]

Current programs discourage working. If you have welfare for $500 a month and start working for $500 a month, you'll lose most of your welfare; so it's pointless - better to just stay at home or do something illegal.

[undersuit]

The cost of administration of the social safety net programs disappears when you stop caring if the benefits are used to buy cigarettes instead of milk, validating that a Section 8 domicile is worth the payments to the owner, or verifying an individual on unemployment is actively trying to return to work. Everyone gets $X.

[ap3]

I guess, but don’t you lose the safety net too?