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by yellowapple 1905 days ago
> You'll just get more and more people believing all work is exploitation and they'll stop working.

Which means less labor supply, which means higher labor prices, which means greater incentive for people to work (since wages would no longer be suppressed by the "either I take this predatory offer or I starve to death" effect).

> Then the people still working will have higher taxes

Not necessarily. That depends on who and what you tax. A land value tax + a tax on income or wealth after a certain point (say, $1m/year) would readily pay for UBI without putting any tax burden on the working class. The other benefits of LVT (like incentivizing denser urbanization and penalizing land speculation) are nice cherries on top.

1 comments

>Which means less labor supply, which means higher labor prices...

...which means higher prices of good and services, which means that the basic income you had previously settled on is no longer sufficient to survive on. How sure are we that there's a stable equilibrium?

> which means higher prices of good and services

Only if automation never happens. Clearly that ain't the case, per this very comment section and the topic thereof.

Indeed, automation's going to continue anyway, because as automation costs fall they'll eventually undercut labor costs - even those artifically suppressed through coercive means, as is currently the case in any (capitalist or otherwise) society lacking a socioeconomic safety net like UBI. So sooner or later something like UBI is necessary either way (that, or making people do pointless busy work, which is both paternalistic and grossly inefficient).