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by kfk 4613 days ago
I will never support this idea. This is kind of thinking is extremely nationalistic: I am entitled to free money because I was born in XYZ.

On top of this, this idea has very weak economics fundamentals, there is no prove that growth comes from redistributing wealth. There is plenty of prove growth comes from innovation and innovation comes from people actually working.

We are in denial. The whole Europe is in denial. We don't realize the only way out of this mess is working more and cutting public spending. Instead we propose the exact opposite.

5 comments

> This is kind of thinking is extremely nationalistic: I am entitled to free money because I was born in XYZ.

It's just a technical change in the way we redistribute wealth. Do you think that wealth redistribution is wrong? There are many arguments suggesting that zero wealth redistribution is not the optimum.

> there is no prove that growth comes from redistributing wealth

I'm convinced that wealth redistribution leads to higher aggregate utility. Whether it leads to higher nominal growth, I don't know.

> Instead we propose the exact opposite.

Basic income would make public spending more effective.

It does seem strange, like we've given up trying to bring people along on the unstoppable train of progress, and are now content with simply funding people to be alive, while those who were lucky enough to be taught drive and determination real the most massive benefits of this world.

True wealth is discipline and knowledge. We should be figuring out how to teach people to reach for their dreams and also figure out how to sustain themselves (and others who share those dreams) through their work. Because truly outstanding things in this world are almost always rewarded.

Why is economic growth the goal over exploitation. You say it's nationalistic but why should what family I'm born into give me any more freedom/advantage. Completely changes society. Automation happens alot faster in this scenario. Fast food dispears why would someone wait on another if tehy can survive without being someones servant?
"this idea has very weak economics fundamentals"

I'll take Milton Friedman's word on that over yours.

Good to see someone thinking for himself here.
If I were thinking for myself I would support this idea and then go on basic income for life, I can live with very little, so why not?
You seem to be talking about "pursuing personal gain", whereas I meant thinking for yourself in contrast to group-think / herd-mentality.