Is Universal Basic Income Effective? Not Really

https://www.city-journal.org/article/universal-basic-income-costs-jobs-work

by CGMthrowaway • 12 months ago

18 9 12 months ago

rfwhyte• 12 months ago

What a shock, the guy who works for Trump and at a bunch of right wing think tanks thinks UBI is a bad idea.

I'm sure there's no political bias or cherry picking of data to support a predetermined conclusion going on here whatsoever.

trod12343• 12 months ago

UBI has had critics with sound reasoning longer than Trump has been in office.

The long-term economic consequences are dire, as equally dire if not more dire than doing nothing in a money-printing environment.

Mises covers the 6 primary failures (and more for certain variants) in his early works (1950s-1960s), all of which have remain sound and without rational refutation. They are generally considered impossible to solve problems, where the control needed to solve them reduces the longer the cycle continues, leaving members helpless later on. (Socialism, Liberty Fund)

You generally don't choose a system to depend on for your life needs that will fail not just as an ordinary failure, but where the failures are of a special domain with properties of mathematical chaos (where you can't differentiate or recognize the failure between ups and downs of a whipsaw).

foobarchu• 12 months ago

The long-term economic consequences are dire, as equally dire if not more dire than doing nothing in a money-printing environment.

I would legitimately love to hear of an alternative option to UBI in the AI dominated future every executive is convinced we're headed towards, in which the vast majority of jobs have been automated away.

mitchbob• 12 months ago

Discussed 2 days ago (16 comments): https://news.ycombinator.com/item?id=44801137

jrflowers• 12 months ago

A guy from the Manhattan Institute looked at four studies out of 160 and discovered that the political position that the institute has held since its inception is correct? Unthinkable

Is Universal Basic Income Effective? Not Really

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