Re:Universal Basic Income Will Likely Increase Social Cohesion
by chrispeel on Sunday October 25, 2015 @03:11PM
(#10447942)
> It's still a net loss for them. Yes they're getting some too, but it's just their money coming back to them. You'd be foolish to feel comforted by that.
People are foolish. That's the whole basis of behavioral economics. The point is not that a rational homo economicus would be any more comforted by the fact that the basic income is universal, but that normal people would be. I don't think this universal nature is essential to the basic idea, and would be happy to have the negative income tax.
> Also, UBI is far from libertarianism. Libertarians want to be in control of their own money.
People are foolish. That's the whole basis of behavioral economics. The point is not that a rational homo economicus would be any more comforted by the fact that the basic income is universal, but that normal people would be. I don't think this universal nature is essential to the basic idea, and would be happy to have the negative income tax.
> Also, UBI is far from libertarianism. Libertarians want to be in control of their own money.
Here's an essay on libertarianism.org that goes through some pros and cons: http://www.libertarianism.org/columns/libertarian-case-basic...