This crisis shows that people want to work even if paid not to, a good sign for the viability of UBI. But just as there are no atheists in foxholes, there are no deficit hawks in a pandemic. Paying for it in a post-Covid-19 world is the issue.
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Politicians rushing to entrench crisis policies like UBI are acting irresponsibly. You can't redistribute what you don't have. Building a dynamic economy that allows people to keep climbing is at least as important as building a safety net for those who fall.
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People are also encouraged to try more ambitious feats, to risk failure, if they know a fall will not be fatal. The key is to know a net is there without stretching and breaking it. My article on UBI with
@tylercowen:https://www.bloomberg.com/opinion/articles/2020-05-15/coronavirus-is-making-universal-basic-income-look-better?sref=htOHjx5Y …Show this thread
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Even just temporarily.. geez
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Capitalism is the best economic system for humans, BUT there needs to be a floor (Basic Income?) for everyone so when they lose the game of Capitalism, they still have a home, food and medical care and a pension in old age. Then we can let the capitalists go nuts. Win win
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Wait. If someone needs "a home, food, medical care and a pension in old age" why do you want to give her $1,000? Shouldn't we give her a home, food, medical care and a pension in old age?
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It is coming. Republicans might hate it. But they are known for tax cut and spend. They are up more debt than the Democrats.
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Overdrawn conclusion Garry. This is simply proactive Keynesian economics. We can should rely on free markets and pricing signals to drive our economy. But when the economy breaks, whatever the cause, we need Government intervention. This is just voltage to the economic heartbeat.
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universal basic income is when the government gives people money and the more its based on past employment or tax returns and never revisited outside of that one time the more universaler and basicer it is
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