News for hackers. Stuff that matters.
Re:Danish government makes its new economic model open source by drran on Friday January 21, 2022 @09:13PM (#30032530)
Who will pay for this?
Re:Danish government makes its new economic model open source by tomrod on Friday January 21, 2022 @09:24PM (#30032615)
Many, with the benefit of a prosperous economy and stable polity.
Re:Danish government makes its new economic model open source by drran on Friday January 21, 2022 @10:35PM (#30033162)
I'm not interested to pay 15k in taxes to receive 5k back as UBI, regardless of economy or stability.

How much you plan to pay in taxes to support my UBI?

Re:Danish government makes its new economic model open source by tomrod on Saturday January 22, 2022 @10:36AM (#30037545)
I'm not interested in what you claim to pay in taxes. UBI benefits aren't solely to a person's bank account; the benefits include a prosperous economy and stable political environment their bank operates in.

I expect to pay and continue paying a lot, yet the benefit is more than what I pay in taxes. What's better is that our current UBI is quite a bit above zero already, but the distribution is fraught with large costs in time. Re-organizing and streamlining UBI distribution would result in significant cost improvements to the current US welfare approach, and improve its impact.

Re:Danish government makes its new economic model open source by drran on Saturday January 22, 2022 @02:01PM (#30039718)
> the benefits include a prosperous economy and stable political environment their bank operates in.

Can you back your claim with facts? UBI is universal, not magic.

> I expect to pay and continue paying a lot,

Just say a number, so we will put it into formula to see is your expected taxation will match minimum requirement for UBI.

Typical wealth distribution without UBI:

  ^
  |
  |
  |     *
  |   *   *
  |  *     *
  | *        *
  | *          *
  |*                 *           *       *
  +------------------------------------------------>

   ^ - number of people, > - income
Typical wealth distribution with UBI:

  ^  *
  |
  |
  |
  |       
  |
  |
  |     
  |   *
  |   *
  |    *
  |     *
  |         *      *               *
  +--U------------------------------------------->

   ^ - number of people, > - income, U - UBI level

Please notice, that area (sum of n*i) of both graphs must be same, i.e. you cannot just print money like in computer game.

As you see, UBI erases middle class. Everyone becomes poor, except some rich.

Re:Danish government makes its new economic model open source by tomrod on Saturday January 22, 2022 @05:18PM (#30041377)
While I appreciate the great efforts to put hand-waving FUD via terminal histogram graphics for insertion into comments[0] (seriously, great job!), your point that the middle class is guaranteed to implode is nonsensical.

The US already has a non-zero UBI[1], it's simply inefficiently distributed via the negative income tax rate and various welfare efforts. That's a clear first area to fix things up. Then, if we need to increase the historically low tax rates on high income households or implement capital tax rates on the wealth, increases in taxes can be considered.

Further, from a theoretical perspective, the economy is not zero-sum. A rising tide lifts all boats; if less money has to be doled out to industries supporting enforced poverty, such as private jail systems among others, then there is more money in the economy for utilization for many things (including but not limited to UBI). General equilibrium effects often have counterintuitive effects, such as they are.

[0] https://xkcd.com/386/

[1] https://en.wikipedia.org/wiki/Universal_basic_income_in_the_...

Re:Danish government makes its new economic model open source by drran on Saturday January 22, 2022 @05:59PM (#30041667)
If you're not a bot, then respond to my question.
Re:Danish government makes its new economic model open source by tomrod on Saturday January 22, 2022 @08:47PM (#30042848)
I must be getting awfully good at hitting the heart of the problem instead of feeding trolls if people are thinking I'm a bot. Turing tests ftw.

I answered your earlier questions already. I encourage you to read full threads.

Re:Danish government makes its new economic model open source by jhgb on Saturday January 22, 2022 @01:37AM (#30034292)
> regardless of economy or stability.

So you're saying that you're a poor economist, then.

Re:Danish government makes its new economic model open source by tomrod on Saturday January 22, 2022 @10:36AM (#30037548)
There are very few good economists.
Re:Danish government makes its new economic model open source by jhgb on Sunday January 23, 2022 @10:27AM (#30046814)
Possibly, but surely only a few of them would be that bad to be willing to cut off their noses to spite their faces like that.
Re:Danish government makes its new economic model open source by sbmthakur on Friday January 21, 2022 @10:15PM (#30033012)
Are there any studies out there that link UBI and prosperous economy?
Re:Danish government makes its new economic model open source by tomrod on Saturday January 22, 2022 @10:27AM (#30037485)
It's a bit early in the research space, but yes, the partial equilibria studied thus far show overall improvement.

A reasonable overview: https://econreview.berkeley.edu/unboxing-universal-basic-inc...