[ExI] Universal basic income

[Jason Resch]

This article analyzes some numbers:
http://www.wsj.com/articles/a-guaranteed-income-for-every-american-1464969586

So long as the GDP stays the same or increases though the automation that
triggers unemployment, there will be the money to support it. Without a
universal income, this is the future economy we have to look forward to:
https://twitter.com/nickwiger/status/675850176204947456?lang=en

Jason

On Tue, Jan 17, 2017 at 11:34 AM, BillK <pharos at gmail.com> wrote:

> I can see that universal unemployment probably means that UBI will
> become necessary. But I can't see where the money to do this comes
> from.
>
> Pension schemes are already going bust because of low interest rates
> and governments are moving the pension age later and later to postpone
> the increased costs of an ageing population.
>
> If taxation is increased it will make the poor worse off and devalue
> the UBI payments. Social security will still be required in addition
> as many people have disabilities, medical costs and families to
> support that UBI wouldn't be sufficent for.
>
> And you will get millions of immigrants from the third world wanting
> to claim their UBI.
>
> It will be interesting to see how the trials work out.
>
> BillK
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