[slowmovintarget]

Now we're right back to the exercise where we give everyone in class the average grade and see what happens. This punishes work.

Worse, economically speaking, UBI would get swallowed by the inflation it causes, and we have the worse problem of running out of other people's money to pay for UBI.

[autoexec]

> Now we're right back to the exercise where we give everyone in class the average grade and see what happens. This punishes work.

Giving everyone an average grade isn't wrong because it hurts the kids who worked harder to learn. Those kids already have their reward. It's wrong because it hurts the kids who need extra help but now won't get it because their understanding is seen as equal to everyone else's and adequate when it isn't. We could eliminate grades entirely and it wouldn't matter at all so long as we ensured everyone actually had a solid grasp of the material.

If UBI is well implemented it actually would raise everyone to an acceptable minimum standard of living set by society. That would mean that everyone has shelter, food, clean water, and enough money to comfortably live, improve themselves, and pursue their own passions.

It doesn't punish work. There are always rewards for doing work that you find meaningful and so the people who work will still obtain those rewards.

> and we have the worse problem of running out of other people's money to pay for UBI.

That will never happen. Money is just a proxy. It's not even tied to anything meaningful anymore, it's just a ledger of credits and we all just put our faith in the ability to exchange those credits for actual goods and services.

The real fear with UBI is that we will run out of material goods. Right now, we have the resources to meet everyone's basic needs, but that will not always be the case. Clean water, healthy food, and even clean air are becoming harder and harder to obtain.

UBI is still a good idea while we can set and provide a decent standard of living, but it can't be sustained forever while the most basic resources we need for survival are being destroyed.

Sci-fi gets away with utopian societies because they are post-scarcity, but for us even drinking water is becoming increasingly scarce. UBI could help us to more efficiently manage what resources we have left until we are able to either reach a state of post-scarcity or push the timeline back by exploiting new reserves of resources by doing things expanding to other planets.

[slowmovintarget]

Post-scarcity doesn't exist in the real universe. It will always come down to energy, whether it is bound up into matter or not.

Providing actual necessities, instead of money, would be far better. Money is a proxy, and just giving it away makes it worth less... So you get inflation. Meanwhile, the people working are also drowned in the ever rising costs of funding UBI, and the ever rising prices from inflation. The government has financialized everything, and the bottom falls out when growth stops, which it always does, even if temporarily.

UBI may be a wealth transfer to the poor, who'd get first crack at the cash (unlike QE), but the overall economy is still devastated either way.

[autoexec]

> Post-scarcity doesn't exist in the real universe.

It could... at least for the things that matter to our survival. There will always be scarcity for some things, like works of art, time, etc. Those things will always have a value and people will always work to obtain those kinds of things.

> Providing actual necessities, instead of money, would be far better.

Some amount of money will always be needed since people couldn't pursue their own interests or better themselves without it, but we could just give people houses and set up stores that didn't accept money for things food and medicine and household products. One nice thing about giving people money though is that it eliminates the problem of hording. If I can go into the store and take whatever I want without paying for it, what's to stop me from taking everything? Giving a set amount of money means people will have to budget it according to their needs and wants.

> Money is a proxy, and just giving it away makes it worth less... So you get inflation.

When people's basic needs are met, money can be worth less and it won't matter. The entire valuation of money will shift, but ultimately people will still set their own prices for the goods and services they provide. It doesn't matter if a loaf of bread cost $5 or $500. If you were a great architect and I asked you to design my new house you'd set your asking price accordingly. If owning a home designed by you were my goal, I'd look for work and set my asking rate accordingly. The economy would continue chugging along regardless.

> UBI may be a wealth transfer to the poor

That wealth is already being spent. We already know that it's much cheaper for taxpayers to give homeless people houses. That's not a wealth transfer to the poor though, it's putting money back into the pocket of taxpayers instead of burning it on problems we don't bother to take the time to solve. UBI could (in theory) save wealthy people a lot of money and more importantly, the money we aren't throwing away on dealing with the costs inherent to abject poverty can be put into making more wealth and improving things for everyone.

[slowmovintarget]

> money can be worth less and it won't matter.

You see the problem here. As money continues to be worth less, UBI would have to increase to meet "people's basic needs." As UBI increases, inflation gets worse, until everyone is worse off, and UBI collapses.

If you want to destroy the middle class (which we've been doing a darn good job of), this would pour cement over the coffin.

[manicdee]

UBI doesn’t stop people making more money. What it will do is help people be more mobile so they can find a job they like. The downside is people won’t spend 12 hours a day as an Amazon slave unless there is a financial reward commensurate to the employers demands.

Some people will participate simply because it is the only paying work available, some will participate because they need structure to their time.

Earning a wage is not comparable to earning a B in school. That B doesn’t put apples or oranges on the tables, earning a wage gives you both.

[bryanlarsen]

I was going to respond with the standard argument that UBI doesn't necessarily increase inflation. A sane UBI plan is revenue neutral -- you increase taxes so that the average taxpayer has taxes increase by exactly the UBI amount. Since the median taxpayer makes less money than the average taxpayer, the majority of taxpayers benefit, yet the UBI does not increase the money supply.

But the author advocates for printing money, so it's not a sane UBI plan.

[pooper]

> This punishes work.

No, it does not. I wouldn't call it a punishment. It forces people to rethink their priorities. Something about extrinsic motivation vs intrinsic motivation. What motivates you to get out of bed in the morning and do something?

I think UBI will open up a lot of vacancies and will do wonders in improving quality of life for workers who do want to do the job. Sure, the economy might contract a little but I don't think ordinary people like me need to worry about that.

[kcplate]

> Sure, the economy might contract a little but I don't think ordinary people like me need to worry about that

Sure it would be just those “un-ordinary” people who have to to deal with the resulting stagflation and don’t really have the elite income generating job skills to be able to afford how much it costs to feed their family.

But I am sure they will continue to provide the manual labor needed to run our society…or they can just learn to code.