Message from @Leo (BillNyeLand)
Discord ID: 554118172626649091
See how the government fails to fix a problem, that isn't a problem anyways and it's been made worse due to said labour regulations and costs by the government, and makes it worse??
Autmation defo won't end like that, but it'll remove jobs
but create more
The problem with UBI, it may seem like a harmless activity but, this creates a disincentive to rejoin the labor force, because people believe the added income from a job isn’t worth the labor. Demonstrated very simply, if someone is currently receiving a total income of $1,000 through a means-tested welfare program, many will be less likely to seek a job which will result in similar income levels, as most prefer leisure to labor.
UBI won’t lead to inflation if it doesn’t change aggregate consumption, i don’t think | andrew yang wants ubi so people can spend more money and stimulate the conomy though
Yeah thats not good, spending does not really stimulate the economy as saving does.
Both saving and spending are good when done natural, but saving is the real deal
The inflation part comes from the points I listed and VAT
i don't understand how employers investing in technology to elminate labor causes inflation
doesn't it just cause unemployment
if the govt prints money to pay the unemployed people yes, but in ubi everyone is supposed to be getting paid the same anyway
isn't inflation caused when people have extra money, so much so that people are willing to spend more for the same thing
so prices can go up and people will still pay them
@Eno_ nah I mean the higher costs of wages will make them rise prices
Then they’ll try and invest in job killing things
To cut them costs
Price inflation and monetary inflation is different
Guys.
But if automation actually does happen it will result in such rapid advances in productivity that inflation won't be a concern
If productivity advances faster than average consumption, inflation will decrease
And a VAT-funded UBI, while not the only approach, would help discourage excess consumption with that money and instead encourage savings and investment, which would help address the problem of overspending
and eventually we need to give up on the idea of people needing to join the labor force. a human labor force will be obsolete, and we need to know that and plan ahead. so while maybe we dont need a ubi right now, we most certainly will need a money-based welfare program in place in the future, ideally right before it is needed
how did i get conservative and bnl got libgay
i want libgay lol
And @sɪᴅɪsɴᴏᴛʜᴇʀᴇ a UBI is by definition *not means-tested.* If you make $1k/mo and get a job paying $1k/mo, you double your effective income, as your benefits do not decrease at all.
talk to [some mysterious admin]
lol
not clear who
idk
maybe the guy with the most roles
And ideally, a completely automated economy with fairly-distributed resources is the best outcome.
yeah, communism is, in fact, inevitable, in fact id say technocracy specifically, but i dont think we're anywhere near that
ohno i just realized i said that on a trump server
this should be interesting
You could delete it before anyone sees.
¯\_(ツ)_/¯
It all depends on who owns what and what rules they have to follow, in the end
nah, im waiting for reactions
*communism is inevitable*