Incredibly misguided. Both you and Joe miss the point. Folks want the dignity of work? Great, then you don't believe UBI will cause dropouts
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Now look at the share of increased GDP going to working-class people: https://aneconomicsense.files.wordpress.com/2012/07/real-incomes-by-distributional-shares-1980-2010.png … Is this justified? Unlikely. But even if...
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The fact is that between 1980 & today, US per capita GDP has more than doubled.
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Meaning that if only 1/2 of total growth went to the bottom 50% in the form of UBI, poverty would have already been totally eliminated.
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http://www.irp.wisc.edu/faqs/faq1.htm So if people "want" to work, and poverty correlates with many bad outcomes for kids, what's the argument against?
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And if markets function, this new savings potential would also be spent/invested, meaning improved growth. Again, what's the arg. against?
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Reminder: this is NOT "the government" "picking winners"—folks can spend/invest as desired. So market will still determine where to invest.
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Not needed yet, but it will be someday, once full automation and cheap fusion energy comes.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Is this really about UBI or the establishment not wanting to let people keep their money? I'll explain, we tax ppl to subsidize companies 1/
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so doesn't it make sense that the money given to companies could left in the pockets of the people to drive our consumption economy? 2/
End of conversation
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