Poll of the Day > Univversal Basic Income (UBI)

(+) Yeah! (+)

UBI is a plan invented by andrew yang to give each american 1000$/month to stop automation. it will be funded through valued tax
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yes andrew yang personally invented it
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i honestly wouldn't mind it. if this happened, and virtually everything else stayed the same (not really possible, i know) I'd be all for it
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I mean, if he can really get big tech to fund it all like he claims then Id be all for it. Aint happening though.

In the UK we have a 0% tax allowance, so I'd be happy if they brought in UBI, but removed that since it's helping no-one (as everybody pays 20% anyway and gets money back on rebate).
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I'm pro-machine, anti-human.
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To stop automation? No, UBI is a response TO automation.

If there wasn't mass automation, there'd be no need for UBI
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PKMNsony posted...

I mean, if he can really get big tech to fund it all like he claims then Id be all for it. Aint happening though.

It would largely be funded through a value added tax that every major economy in the world has besides the US
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UBI will be needed eventually more then likely, so it's smart to work on it to make the transition smooth.

The primary requirement is to translate the income provided by the general labor that is replaced by machines, to the average citizen.

The goal is to insure the companies make the same profits they were, while passing the money on from those jobs to those who are no longer working/unemployed etc.

This could easily be combined with a universal tax share, with taxes increased across the board over a set amount (currently around 12k a year), to pump up the average standard of living.

Increase taxes collected by increasing taxes to those making over 200k a year, and preventing loopholes to about 6 trillion a year (2x the current amount), and then share the extra 3 trillion among the 300million citizens of this country.

This would produce a UBI of around 1,000 a month per citizen without factoring in a UBI "tax" from corportations/jobs that use automated services (which could end up at least doubling that).

This would be in addition to continuing to fund and supply social security after age 60 etc.

Number of jobs would almost halve, allowing people to work less hours if they wanted to, more people would be qualified for higher/tech positions etc. Those that don't want to work, could survive fine, but almost any job would provide a fairly drastic increase in standard of living.

With the technology we have at this point there is no reason for a system like this not to be put in effect. IT wouldn't really hurt the mega rich, and mostly would just make them actually pay a fair share of taxes (IE at least 30%).
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Lokarin posted...

To stop automation? No, UBI is a response TO automation.

If there wasn't mass automation, there'd be no need for UBI

the extra funds will repress wage growth, thus reducing incentivation for automating
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