Universal Basic Income is Capitalism 2.0

Re:Universal Basic Income is Capitalism 2.0 by michaelmrose on Thursday July 30, 2020 @01:19PM (#24000685)

Paying people 1200 a month isn't going to inspire them to take a permanent vacation because while it might be enough to survive on its not enough to live well on and people want to be needed and purposeful. Supply might tighten but it wont fall "through the floor". Furthermore demand right now in the US isn't just as high if not higher its crap and its going to be crap through 2020.

Instead of basing it on bad armchair psych how about provide a credible analysis from an actual economist that shows the conclusions you are suggesting.

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Re:Universal Basic Income is Capitalism 2.0 by timwaagh on Thursday July 30, 2020 @05:51PM (#24003245)

If you want serious economical analysis by an actual economist, I'd suggest maybe not going on hacker news, for example you could go here https://www.google.com/url?sa=t&source=web&rct=j&url=https:/... . Its a different argument, but the first part before it gets overly political is especially a good, by-the-numbers approach to basic income. I would point out though that the original blog is not much of an economical analysis so I don't see why my comment not being a scholarly article can be held against it.

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