Re:The Joy of Fuck-You Money (2018)
by JeremyReimer on Thursday March 11, 2021 @03:32PM
(#26428671)
I think the idea is that a UBI would provide only enough money for subsistence, and the human drive for greater wealth and status would continue unabated. Status and meaning are certainly important, and people would continue to seek those out.
It's possible that many more people would want to become entrepreneurs, given that there would be a social safety net if they failed. Right now, most entrepreneurs come from an upper middle-class background, often with financial assistance and cushioning from their parents.
Re:The Joy of Fuck-You Money (2018)
by bryanlarsen on Thursday March 11, 2021 @05:26PM
(#26429784)
$1000 a month is not going to reduce anybody's drive to work. It'll pay for food and rent if you have a roomie, but nothing else. If you want a new phone, you need to work. If you can't stand having a roomie, more work. Et cetera.
And the thing about UBI is that everybody gets money, even Bill Gates. So nobody's a second class citizen.
“The moment you start having a direct transfer mechanism like that in democracy, you're basically doing away with capitalism which is the engine of economic growth. You're also forcing the entrepreneur out, or telling them not to come here."
"People who are down on their luck, they're not looking for handouts. It's not just about money, it's also about status and meaning. The moment I start giving money to you, I've lowered your status and made you a second class citizen.”