[floppydisk]

That's an incredibly frustrating response because it doesn't actually address anything substantive but simply attempts to cast dispersion on the arguments. I'll reiterate the request I made to a commentator below in the thread. Are there counter examples of a society working without incentive that allows people to work or not work and if so, why aren't they with us today / if they are, why aren't they more influential? I'm open to being proven incorrect in the course of a substantive discussion, however, I'm disinclined to change my views in the face of simple dispersion.

You're missing the point that incentives matter, pretty much every economist from the most socialist to the most libertarian agrees on that point. When you incentivize one activity, you're removing incentives somewhere else. I.E. if I cut the cost of junk food 1000% percent, I'm encouraging you to eat bad food because you can get more of it for less compared to healthy food. Comparably, if I incentivize not working that will reduce or remove the incentives to work.

> That's an incredibly naive response.

And that's a terrible response with no further substantiation of the position. What is the "not naive" view of money? Why is it a superior position to hold? Give me a reason to prefer. Simply telling me I'm being naive without substantiation or alternative is borderline ad hominem.

> For the amount these people are paid, it's hard to see how much value they are producing. There is definitely an entitlement mindset.

How are you defining value? In the case of your example, they're leading in and participating in multi-billion dollar companies and markets that people are giving money to in exchange for services indicating they provide some value to the end user. We can debate the merits of that value or the manner it's provided, but the fact that people are giving the companies money would indicate they're providing a good or service the people value.

[jrs235]

First off, I mostly agree with your sentiments. This comment is not in opposition but made to extend the discussion even beyond just money.

In order for a universal basic income system to work, we'll probably need to ditch democracy or put into writing some difficult to change protections. Seeing that the Constitution is being treated as either a) a living breathing document whose meaning changes with time or b) just a piece of inconvenient paper, I don't see a feasible way of making a universal basic income system work (edit: along side a democracy).

What's basic and what are people minimally entitled to? I believe everyone should be provided a place to sleep. But I think that should consist of a cot in a cement dorm like room with shared bathrooms. Other's will want, or with time demand or think that they should be provided a house, with cable TV, a cell phone, etc... With democracy in place it only will take until 51% of people don't want to work until the system completely breaks and falls into havoc (at which point a tyrannic dictator often takes over).

"Democracy is nothing more than mob rule, where 51% of the people may take away the rights of the other 49%."

which will lead to:

"Democracy with a universal basic income will lead to 51% of the people voting to take away the wealth and productivity of the other 49%."

[icebraining]

Why doesn't that happen now, then? The current majority could, right now, decide to massively increase the taxes on, say, the 40% richest and redistribute that money to the rest of the 60%.

In fact, the current majority can, right now, decide to implement UBI, and then do all those things you describe.

Essentially, it's a slippery slope argument, with no great explanation of why UBI would change the conditions to start the "slip" that hasn't occurred until now.

[fwn]

One might argue that a majority can not decide anything since it's not an agent, nor is the relative amount of people who share a specific opinion somehow relevant in most of contemporary politics.

Also taxation is not a one way route as it might backfire through tax avoidance or just collective time re-allocation.

I'd bet there is no single agent on any developed country either powerful enough or knowledgeable enough to implement the UBI as it will most likely require massive legal and political changes.

So I guess it's pretty obvious why no one implemented the UBI yet.

Edit: never mind. I guess I miss understood you. Sorry.^^

[jrs235]

Because coming to a consensus of what amount or what should be provided and how to provide is very difficult. Also there are numerous people who still believe in a work ethnic that things are earned not given. The shrinking middle class hasn't thrown in the towel yet.

[Delmania]

Fair enough, my aim was to remove Jamestown from the equation, as that was not some failed experiment in socialism, but a poorly planned colony.

In terms of what you're looking for, there is not pure society like that. The closest you'll get are nations that highly socialist. Here's a Quora question on the topic: http://www.quora.com/Which-are-the-rich-socialist-countries-....

Fully removing incentives doesn't work, but I would claim you do need to make sure people avoid the poverty trap (and that's only part of it).

To respond to your other question, the classic example would be mortgage backed securities that were part of the housing crisis. They provided -some- value, but overall, they were nothing more than scheme to make money off people's payments and nonpayments of mortgages.

Also, CEO's, on average, make 300% of the average worker's salary. I'm not sure the average CEO is 300% more productive than an field worker or an engineer. They do have a hand in leading the organization, but honestly, most of that work is done by the people below them in the org chart.