| Calling UBI a "libertarian wet dream" is unnecessarily reductive. Personally I try to shy away from using any partisan labels to describe any policies because they are rarely (if ever) necessary. And their meaning rarely translates between people of disparate political views. I don't support any UBI policy that leaves anyone economically worse off compared to existing welfare. In fact I would expect people to be reliably better off after you factor in secondary benefits such as a reduced time burden upon individuals (time can be a scarce resource when you're poor) and increased ability to prioritise your own needs. The last thing poor people need is fewer resources. I also don't support any UBI policy that attempts to supplant programs which address disability as opposed to straight poverty. In my mind the essential benefits of UBI are: • Less fraud. It's much harder to game a system when everyone automatically qualifies for it. • Less stigma. It's much harder to be ashamed by reliance on a system when everyone automatically qualifies for it. • Less disincentive to earn more. Most welfare programs cut out out after you exceed a particular income threshold, so many people have an incentive to keep their income low. (Or to lie about income.) • Less complexity. It shifts the burden of economic rebalancing away from welfare programs (written by politicians and administered by gate-keeping bureaucrats) and towards a system that already exists: progressive income tax. While everyone qualifies for UBI, high earners are progressively, functionally disqualified by having the UBI clawed back in higher marginal income tax rates. • Increased mobility and increased incentive to migrate to areas with lower cost of living. |
I was responding to:
> For all the criticisms of UBI, I think it would be a net win simply because it eliminates the significant time wasted in maintaining welfare entitlement.
The exact wording of the libertarian wet dream I was recognizing. I wasn’t labeling UBI, I was labeling an identifiable expression.
And I called out where this particular attitude would have starved me and apparently HN would prefer I starved.