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by danans
2213 days ago
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> I’m a fiscal conservative but I don’t think the inflation caused by UBI will be any worse than the inflation caused by massive deficits due to military spending and other misallocations of resources. It's sincerely good to see a fiscal conservative acknowledge this. That said, I'll take a contrarian position (to my own beliefs) and question whether that military hardware is really so useless. > I always wonder why the dorks who go around promoting UBI always seem to ignore the earned income credit, which is our best tool to reduce poverty. UBI is also intended to deal with the emerging reality of routine jobs being lost to automation, and to increase the leverage of workers who would be able to be choosier in the job they take (a good thing), thus putting upward pressure on wages at the lower end of the income scale. When there is no job, there is no earned income to take the EITC on. |
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