UBI is among other things a test to see whether the wealthy donor and political class really believe wealth isn't zero sum or not.
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how is basic income outside the capabilites of modern economics?
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Not at question. It may or may not be. I only meant that whether or not it is supported by elites reveals elite opinions on whether or not it's outside the capabilities of modern economics. Even when they promote belief systems that say wealth is always and only positive sum.
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I don't think there's a conflict between saying wealth is positive sum in most cases and saying that a bunch of people dropping out of the labor force would be negative sum.
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Right. But now it's hedged. Now it's only "in most cases".
5:34 PM - 14 Jan 2021
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