Re:Basic income would not reduce people’s willingness to work
by greedo on Monday January 17, 2022 @03:47PM
(#29971540)
Minor correction; pandemic financial aid for individuals has been conditional on hardship. The PPP on the other hand just required businesses to pinky swear that they'd retain or bring back employees. Then the "loans" were completely forgiven.
I think it's likely a universal basic income (small at first --- not a "living wage" yet, but enough to provide everyone with more security and to eliminate some conditional benefits programs, EITC, etc) would be a good thing. But it's really fairly unprecedented, despite efforts at research.
A big question to answer is about paternalism in benefits-- what's the right amount?
We have a big contingent of people angry when other people buy luxury goods or candy with SNAP. We're also worried that if we don't provide housing or food assistance to the poor-- putting strings on the money ensuring it's used for those purposes-- they wouldn't eat. We end up with this wacky system where there's restrictions on the money that are ineffective at preventing abuse but also strikingly effective at preventing poor people from using it to systematically improve their situation. We also incur massive costs for these administrative controls compared to just giving money out, and create benefits "cliffs" where improving your income reduces your net resources.