Interested to see how YC's Basic Income experiment goes in Oakland: http://arstechnica.com/tech-policy/2016/06/can-high-profile-bay-area-tech-incubators-basic-income-plan-work/ …
@cfarivar 1) 2k x 12 x 320 mil is around 8 trillion dollars (8x our current welfare spend)
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2) a sample size of 30? not self contained? and how will they be chosen? not sure what we can really learn from this
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1/ There's never the perfect experiment, but I'd love to see the results they find. Then improve it, or disprove it.
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2/ With regards to affording it, you're not counting the tax increases or productivity gains to offset the BI
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meant to imply we'd need draconian tax measures to afford this. but what do you mean re: productivity gains?
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3/ Productivity gains need to be better understood, so YC, et al. are researching the effects. Is that wrong?
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I think you're reading my criticism of this experiment as criticism of experimentation
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basic income is equivalent to negative income tax ala Friedman, but the NIT math is easier to grok
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(income - deduction)*taxRate = amountOwed. for most, this is positive, for some, it's negative
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