andrew yang has been poppiing up on my youtube

i think he points to real issues but not sure ubi is the best thing

The main problem with UBI, is that the market adjusts to take it into account.

After a few short years, everything has changed in price, and price inflation means the UBI dividend is useless.

yes... tim pool said the same thing, inflation basically

Yes, exactly what Tim said.

they will have to raise it, it's basically an alternative to minimum wage, which is useless too

and in the short term minimum wage seems to be harmful too

imagine not taking the yangbux to build Ted Shed 2: No electric boogaloo

I would argue UBI is actually way worse than the minimum wage, because it causes massive government deficient and wrecks the economy, all in one fell swoop.

well it has never been tried on this large a scale but i don't volunteer to be the first

They tried a pretty large trial in Finland, and it was shown that the only benefit from the program was that the people involved were "happier".

Fairly obviously, getting free cash makes people happy in the short term lol

over time is important too

10 years

it didn't help the unemployed get jobs or something?

i used to be for ubi/bernie

pre 2016

They thought it would, but it had no effect on jobs in the trial.

i didn't vote for trump in 2016 but i probably will in 2020

yeah

it is not different from welfare for unemployed people

the difference with ubi is everyone gets it

welfare does not encourage employment

although welfare *discourages* employment by being afraid to get your welfare taken away if you get a job

which i think is why i supported it

i suppose it doesn't play out in the short term

but i think inflation seems like a problem that could occur

Ideally welfare should be seen as no more than a safety net to stop people literally starving to death.

yeah

UBI is pretty much just "hey if you vote for me, I will give you free money".

There is no real indication it works as an actual policy.

yeah

UBI won’t lead to inflation if it doesn’t change aggregate consumption, i don’t think

Which a VAT tax could avoid

VAT would lead to inflation

UBI, in the sense would cause inflation but not on it';s own

UBI like the equally destructive Minimum Wage incentivises people to demand higher wages and guess what higher wages do? They incentivise employers to hire less and invest more in labor saving technology. Then to make matters worse because the funding for UBI comes completely out of one of these methods of destruction:
1. Taxes-Employers cut back in the here and now thus reducing the number of wage earners
2. Inflation-Employers attempt to invest more in technology now to eliminate labor in the future

It can cause inflation, especially if the government actually *prints* money to pay people.

are you saying, that ubi will accelerate the doomsday robot ai scenario that ubi is touted as a solution for

🤔