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by nkoren
4472 days ago
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> of course, $1T < $6T Your $6T number is false. Even in your strawman, the cost of the Basic Income would be $1T: $6T less $5T as a "cash-back rebate", due to the fact that every single person paying for the BI is also receiving the BI. This has been explained to you many times on this thread, but you keep ignoring it. > if a basic jobber costs $7.25/hour and they produce $0.30 worth of value, the Basic Job pays for it's own overhead. But a Basic Income would have $0/hr worth of overhead -- and it can be assumed that a person who is able to seek work and education will produce more than $0.30/hr of value anyway. > I must commend you on actually thinking things through carefully and checking if, numerically, a policy is remotely plausible. Thank you. I have an MBA from Oxford and run two businesses. I am very comfortable with numbers. |
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This doesn't sound plausible to me. People are devilishly clever when it comes to bilking large bureaucracies out of free money. It's going to take a bit of work to prevent that from happening. Organized Crime is going to get in on something like this.