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by arc619
1591 days ago
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UBI is added on top of work so work will always mean you're better off. Would you give up your job just to spend all day doing nothing, or would you end up doing something productive? If you had infinite money, would you do nothing? What do uber rich people do all day? Why do they work? |
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For the most part they are the "uber rich" precisely because they prioritize earning, saving, and investing much more than average individuals, who for the most part put in just enough effort to fund what they deem an acceptable lifestyle comparable to their peers. If you want to know what UBI would look like for the average person, don't look at the handful of exceptionally successful entrepreneurs—instead, look at lottery winners, ordinary people with ordinary priorities who are suddenly given enough money to guarantee them a basic (or more than basic) income for life. It doesn't usually end well.
> If you had infinite money, would you do nothing?
Not "nothing", no. But I probably wouldn't care much about whether the things I choose to do have any value to other people, since I don't need to worry about whether they'll pay me to do them. Therein lies the core economic problem with eliminating the need to work or otherwise offer something of value (like access to capital) to earn a living: People will do things, sure—but most of what they'll choose to do in the absence of meaningful economic incentives will be unproductive.