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comment by bioemerl
bioemerl  ·  2708 days ago  ·  link  ·    ·  parent  ·  post: Second Thoughts About Universal Basic Income

Basic income should be an economic modifier much as the federal interest rates are. The higher inequality rises, the higher basic income, and taxes, should rise with it.

Imagine a world where jobs start dropping away quickly, allowing production to go on without paying workers, killing off the middle class. With a ramping basic income you quickly get compensation for that imbalance that allows jobs to be created again before the tax ramps down when the economy has finished its adjusting in a healthy way. Or it doesn't adjust and the basic income becomes a part of society by default.





Deltron_0  ·  2708 days ago  ·  link  ·  

    Imagine a world where jobs start dropping away quickly, allowing production to go on without paying workers, killing off the middle class. With a ramping basic income you quickly get compensation for that imbalance that allows jobs to be created again before the tax ramps down when the economy has finished its adjusting in a healthy way

Imagine a world where quick fixes didn't have to be accounted for.. oh wait that's the mainstream think tank in a nutshell.

bioemerl  ·  2708 days ago  ·  link  ·  

What?

Deltron_0  ·  2708 days ago  ·  link  ·  

your imaginative thinking seems to me a bit linear. The basic function of money today has become inundated with narrow minded-ness.

What happens when people don't buy in to the idea, and simply give zero reason, or one that is ideologically oppossed? Does the idea still work without full support?

bioemerl  ·  2708 days ago  ·  link  ·  

Again, what?

    The basic function of money today has become inundated with narrow minded-ness.

What does this mean? What are people's opinions on money that could be made more open minded? What is being missed? Why is that thing valuable?

    What happens when people don't buy in to the idea

Into what idea? Basic income? Taxes?

Deltron_0  ·  2708 days ago  ·  link  ·  

yes.

What is being missed? Fundamentals. First: Fundamentals concerning the role of money in social architecture. Second: Fundamentals concerning how to value investment of labor and capital with a sound sense of value placed on the monetary unit of exchange.

Why are ethics stressed so much in business-related academia now days?