After much thought, I think I am 73% sure I am against universal basic income on psychological grounds. (1/2)
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Not to mention the number of poor people who commit suicide, etc. Yes, a few yuppies may get lazy. Doesn't matter at all.
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also agree non-market mechanisms probably essential. Just don't think UBI has a strong intellectual case yet. Only empathy case.
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And the increase in risk-taking and new ventures, especially in high-return, low-cost-of-entry fields like tech should be huge.
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Especially if you pay for it with demurrage that encourages capital velocity and liquidity (keeping startup capital cheap).
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Lost the plot there. Do you mean Pikettyish wealth tax model as a kind of demurrage on slow-moving capital?
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I agree we need to see if the numbers match, but everything seems to indicate the feedback loop is there.

