I believe that some baseline welfare state is necessary to make people comfortable w having families despite the unavoidable volatility of a continuously evolving economy Unfortunately (-sigh-) there's not empirical support for this? But it would be SO convenient to not be wrong
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This ^^^ is my strongest reason for (intelligently attempting) basic income. I think knowing that you/family won’t starve or die due to lack of healthcare will get a lot more people to take good risks. Free up a lot of population from bullshit jobs- create true wealth.
This is the general flavor of the thing that confuses me — the U.S., for example, is drawing a lot of talent *from countries with stronger social safety nets* *for the purposes of risk-taking*. Why? I'm trying to model this.
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Insofar as I have any conclusion at all, it's that safety nets tend to trade off against the long tail gains of success — and people *say* they want the safety, but as long as they're still in the running for it, they want a noticeably larger win-condition pot *more*
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Ah, clearer now. We’re seeing some part of the distribution, the more riskophilic tail. Also the safet net is largely still there (move back to Finland if I fail)
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Speaking from personal experience, friends who have moved out to the US for education or training generally have safety nets back home in India. If it doesn't work out they come back after a few years. Only a small percentage of people are taking real risk.
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That’s a convincing point of view I’ve never really wholly considered prior on this topic. It would be cool to see a blogpost or a longer writeup of your thoughts on this (even if you don’t have a clear answer to the fundamental “why” question).
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What is the actual risk in US? Bankruptcy? Not that bad, laws protect heavily there. Hunger? Not at all. Homelessness? The numbers of entrepreneurs who would sleep on a bench to pursue dream outnumber those who wouldn't. US has a social safety net, just not as generous as others.
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Failing to parse. Are you saying “why is US doing that” or “this happens naturally don’t understand why”?
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Idk, I'm still on the (de)fence re: UBI. Sorry!
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