News for hackers. Stuff that matters.
Re:A Basic Income Should Be the Next Big Thing by shams93 on Tuesday May 03, 2016 @04:42PM (#11624060)
10,000 isn't basic income its like slightly more than welfare for a basic income to be meaningful in a city like los angeles you're talking at least 70k if a person has even any hope of having a roommate situation. The other alternative is to give everybody everything they need in life at no cost, but 10k in los angeles is a joke, if they tax it you're talking still talking about having a choice between food and a youth hostel bed on that low an income.
Re:A Basic Income Should Be the Next Big Thing by scld on Tuesday May 03, 2016 @04:47PM (#11624104)
You wouldn't need to live in a city like Los Angeles. Without job security to tie you to a location, you would move to areas of the country/state where cost of living was lowest.

Additionally, if you wanted to live a middle class lifestyle, you would have a job. That's the incentive to keep working. The basic income is to keep people at an above-poverty income level, not to keep everyone at middle class. In fact, the mere definition of the term means you couldn't have everyone at middle class.

Re:A Basic Income Should Be the Next Big Thing by jypepin on Tuesday May 03, 2016 @04:46PM (#11624094)
> "at least 70k" you gotta get back on earth man. When I got my first job in San Francisco I was making 65k, had 1 roommate in a nice apartment in the Mission, lived well, and was still able to save money. And LA is cheaper than SF.
Re:A Basic Income Should Be the Next Big Thing by shams93 on Tuesday May 03, 2016 @04:43PM (#11624069)
We've had this 10k basic income since the 1930s its called welfare, to reiterate what I just said basic income has to secure a middle class lifestyle for it to be meaningful.