Message from @Dr.Wol

Discord ID: 473978258208063490


2018-07-31 22:14:48 UTC  

Whether it worked or not (I dont think it would at this point) I would like some research done on it

2018-07-31 22:15:01 UTC  

Especially if it becomes more popular of a concept in the future

2018-07-31 22:16:14 UTC  

There's actually a leftist argument against UBI.

https://youtu.be/J10jKdPRN9A

2018-07-31 22:16:18 UTC  

I don't think ubi would work because giving everyone a bunch of money would just lower the money's value, and replacing the lowest level jobs with robots would just push the next lowest level into the new lowest level. You'd have to give people an infinite amount of money and automize all the jobs for it to work

2018-07-31 22:16:46 UTC  

Then money would be worthless and you'd basically turn into the people in Walle

2018-07-31 22:17:18 UTC  

That's assuming there's enough food for everyone

2018-07-31 22:17:40 UTC  

Its an impossibility in theory

- You can't just generate money as a state, that would cause inflation, making the money itself worthless

- You have to get it out of taxes from those who still work, meaning their work becomes less valuable cuz they're literally paying people to stay home and live

- The very rich (who would be taxed the most) would most likely just leave and form a smaller state and only pay for security, since robots fix basic needs now

- If you get enough money from the state to "live", then people will not be motivated to work, cuz they can just live without it,
Thus causing a shortage of high-skilled labor which isn't replaced yet

2018-07-31 22:18:13 UTC  

I think we're saying two sides of the same coin

2018-07-31 22:18:13 UTC  

Tl;dr the leftist argument: "It's a market- based solution and markets are bad as they fluctuate. Also, the wealthy in society are all advocating for UBI so that's suspicious".

2018-07-31 22:18:36 UTC  

well they are right

UBI would make people dependent

2018-07-31 22:18:49 UTC  

"tax would have to increase by nearly 30% to fund a basic income. It also argued that basic income would increase income inequality and raise Finland's poverty rate from 11.4% to 14.1%." from the article about finnland

2018-07-31 22:18:59 UTC  

so its gonna be used to either bribe people to not riot, or keep people enslaved by giving them the minimum

2018-07-31 22:19:10 UTC  

I agree with all of those points, @Dr.Wol , I just wish there was hard data to back it up; so you wouldn't have to say "in theory"

2018-07-31 22:19:17 UTC  

@Sarah Jessica Farter XD lol the wealthy advocating part

2018-07-31 22:19:26 UTC  

It's impossible to "fix" the market because fixing the market assumes your solution works for any market condition (a recession vs boom times)

2018-07-31 22:19:52 UTC  

the hard data is there, its why they quit the testing, but people knowing it is "inconvenient" for the argument that we need UBI

UBI is an excellent selling point for raising taxes that will just "vanish" again

2018-07-31 22:19:53 UTC  

Altho with the doom and gloom scenario you propose, maybe it would be best if we didnt experiment ☠

2018-07-31 22:20:00 UTC  

XD yeah fix as in fix teh value of goods or fix the value of money

2018-07-31 22:20:04 UTC  

neither are good

2018-07-31 22:20:06 UTC  

To remove all other market conditions would turn it into a command control economy

2018-07-31 22:20:22 UTC  

And that too,

With UBI, companies can just up the price of products, since you can afford it now

2018-07-31 22:20:32 UTC  

i mean the data is not readily advailible

2018-07-31 22:20:36 UTC  

unless u have some sources

2018-07-31 22:20:42 UTC  

@JULZIFICATOR Is he wrong? I honestly don't know. He gave some examples in his video of wealthy pro-UBI advocates but I can't remember who they were. Charles Murray, the US conservative was one.

2018-07-31 22:20:47 UTC  

Anyone here have a background in economics? I'm a software eng so all my knowledge is self-taught

2018-07-31 22:21:02 UTC  

its not available cuz the data is against UBI, hence they wont share the data, if it works, they'd gladly share it to go "SEE, we need it and it works!"

2018-07-31 22:21:17 UTC  

@KidKrakower edcucate yourself bigot

2018-07-31 22:21:31 UTC  

i got that reference

2018-07-31 22:21:32 UTC  

LOL well elon musk and the ZUCK both advocate for it

2018-07-31 22:21:44 UTC  

but the zucks known as a bona fied leftist

2018-07-31 22:21:52 UTC  

Clearly we only need to know feminist basket weaving to understand a complex global economics

2018-07-31 22:22:11 UTC  

Zucc is not leftist. Leftist means anti-capitalist.

2018-07-31 22:22:17 UTC  

Or a BA from BU like ocasio cortez

2018-07-31 22:22:24 UTC  

Well, it's a nebulous term, I suppose.

2018-07-31 22:22:34 UTC  

Zucc is pretending to be left for the positive reputation it gives him

2018-07-31 22:22:40 UTC  

it is known

2018-07-31 22:22:48 UTC  

Leftist isn't anti-market. The far authoritarian left is anti-market

2018-07-31 22:22:48 UTC  

yeha i should say is an advocate for the leftist voice in the US

2018-07-31 22:22:54 UTC  

It is amazing he has remained so universally disliked in spite of that

2018-07-31 22:23:09 UTC  

cant cuck the zukk

2018-07-31 22:23:11 UTC  

Sure. Centre left, left liberal, or whatever.