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by rycho 4579 days ago
basic income doesn't increase the amount of currency in circulation...
1 comments

How do you propose they get this money to give to people then?
Taxes? I'm not proposing anything by the way, just explaining that mincome isn't a proposal to print a bunch of new money. I think the idea is that it replaces current welfare programs.
Whom would you tax? It isn't possible that taxes would cover all of it.
That's absurd, of course people will work. Why does anyone work right now when there are already welfare programs?

By your logic there would be no sense in companies paying bonuses--if you already have a guaranteed salary why would you do anything more than the minimum?

This is not welfare. This is giving money to every single person, and you cannot do that without negatively impacting the value of the currency. Reality sucks, but we still have to live in it.
How is it not welfare in your estimations? It's nearly the dictionary definition of welfare.

Why would it negatively impact the value of the currency and how is that any different than the current state of welfare (where only some people receive it)?

Because people will get bored?

People won't accept full-time low-wage shitty-manager jobs, because they won't accept their lives being poisoned by shitty managers, and they will have the choice.

But most shitty managers are shitty because they have power over their low-education personal (which can be easily replaced, and job market is not good these day). Those workers will take part-time ok-manager jobs, mostly because they want to contribute to society, also because they might get bored.

Also, in most of Europe, University cost is quite low (like, less than 1k€ / year, instead a life-long debt like 'some' country can pull out), so universal income could bring interesting trends in education. Not everyone would go back to school, maybe almost no one at first, but I would expect views to change rather quickly on that subject.