If you implement income guarantees in one part of a fixed exchange rate area, then the unemployment simply moves to the part that doesn't have the income guarantee.
The USA may get away with it because of the number of countries that peg to the US dollar. That is where the unemployment will get exported to.
That doesn't apply in the UK.
An income guarantee in UK terms is one of two things. It is either equivalent to allowing an individual to obtain their retirement pension at age 18 rather than 68. This is despite the age of that pension increasing from 60/65 to 68 over the last few years because of an unsustainable 'dependency ratio'.
Or it is equivalent to removing the age cap on Child Benefit so that it is paid to supposed Adults. Child Benefit is the original 'basic income' and the value of it has been run down over the decades as usual with income guarantees of all types. It has also been curtailed for 'high rate taxpayers'.
UBI doesn't work because it doesn't add to the sum total of production. It is a way of transferring real output from workers to those that don't want to work, while trying to hide such people in a crowd of worthy causes.
Since the tests are at different indivividual scales, possibly.
We might even get some idea of how scale affects the results, which could make the conclusions applicable across scales even though the results vary, but extrapolation is always more dangerous than interpolation.
That's a good point. We've already carried out enough small-scale tests of UBI to know that it has no obvious drawbacks, and carrying out even more small-scale tests will not provide us with much new information. What we need now are state-wide implementations of UBI, as they are the only way that UBI-sceptics may be forced to accept it if the results are positive.
If you implement income guarantees in one part of a fixed exchange rate area, then the unemployment simply moves to the part that doesn't have the income guarantee.
The USA may get away with it because of the number of countries that peg to the US dollar. That is where the unemployment will get exported to.
That doesn't apply in the UK.
An income guarantee in UK terms is one of two things. It is either equivalent to allowing an individual to obtain their retirement pension at age 18 rather than 68. This is despite the age of that pension increasing from 60/65 to 68 over the last few years because of an unsustainable 'dependency ratio'.
Or it is equivalent to removing the age cap on Child Benefit so that it is paid to supposed Adults. Child Benefit is the original 'basic income' and the value of it has been run down over the decades as usual with income guarantees of all types. It has also been curtailed for 'high rate taxpayers'.
UBI doesn't work because it doesn't add to the sum total of production. It is a way of transferring real output from workers to those that don't want to work, while trying to hide such people in a crowd of worthy causes.
Ordinary people tend to see straight through it.