Basic income is the worst response to automation

Re:Basic income is the worst response to automation by Rekaiden on Monday January 16, 2017 @11:17AM (#13410795)

You are correct. The article is flatly wrong when it suggests that people would lose the UBI as they start making money elsewhere. It is not global unemployment insurance.

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Re:Basic income is the worst response to automation by yummyfajitas on Monday January 16, 2017 @11:36AM (#13410966)

Yes, the article is flatly wrong. It's conflating this situation:

    +100k earnings
    +0 UBI
    ------
    +100k

with this mathematically equivalent situation:

    +100k earnings
    +20k UBI
    -20k taxes
    ------
    +100k

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Re:Basic income is the worst response to automation by cderwin on Monday January 16, 2017 @11:45AM (#13411028)

There are certainly UBI proposals in which at some point UBI does scale back. I don't see a good reason why it scaling back would disqualify it from being a UBI, and I certainly see little likeness to unemployment insurance.

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Re:Basic income is the worst response to automation by tonyedgecombe on Monday January 16, 2017 @02:11PM (#13412138)

I guess the justification for not scaling it back would be that it makes it more palatable for the people paying for it. If someone received $10,000 in UBI and payed $10,000 in tax it would be neutral but their attitude to other recipients might be different.

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