When people say shit like “But if we had UBI people would just sit at home and smoke weed all day!”, like. Okay? Dope. What the fuck do you do at work that is really creating more value than smoking weed at home all day. You make the lights on the box at your desk turn on and off for a living, what’s the difference? Having a barbecue creates more real value than your entire job ever has
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Danielle Foré (danirabbit@mastodon.online)'s status on Sunday, 24-Sep-2023 05:11:28 JST Danielle Foré - MondoBizarrro likes this.
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Glen Turner (glent@aus.social)'s status on Sunday, 24-Sep-2023 20:50:31 JST Glen Turner @danirabbit I'd also add that UBI is a huge benefit for the unmeasured economy. A huge amount of economic activity goes unmeasured by the System of National Accounts. Particularly caring, such as childcare and care of the sick and disabled.
As a concrete example, if a grandmother wants to help their daughter care for a new baby for its first year, UBI makes that affordable for the grandmother.
UBI also allows a better end-of-career. People can wind down their hours without affecting their 'pension'. This is a great help to business, which would far prefer a phase out of an experienced staff member, rather than their sudden disappearance on a magic birthday.
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Glen Turner (glent@aus.social)'s status on Sunday, 24-Sep-2023 20:50:33 JST Glen Turner @danirabbit UBI doesn't allow people to sit at home and smoke weed all day, at least for very long. Weed costs money, and the word 'basic' in UBI carries some meaning.
What UBI does do is to provide a safety net. Including to entrepreneurs who never meet the criteria for social welfare. UBI means that you don't risk your family starving if your new venture has a cashflow crisis. You don't need to justify to some social welfare agency why you need cash for your family when a month ago a bank just gave your firm millions of dollars for capital purchases. The UBI just appears in your bank account, like it has every week when you didn't need it.
That UBI will be the best thing to happen to new small business often escapes both the left-wing promoters and right-wing detractors of UBI.
UBI will allow a new wave of entrepreneurship and new businesses. That in turn makes the entire economy richer.
AnthonyJK-Admin repeated this.