Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Then they adjust.

I think the point of BI is to keep you from starving. The idea is that no matter who you are or what your station is in society, you should be able to afford food, a roof over your head, and basic medical care. It's not to maintain your social standing in life - someone who has a job will rightfully have a higher standard of living than someone who doesn't. And you shouldn't expect it to be a comfortable middle class existence, you should expect it to involve living like the working poor today - a cramped apartment, not much in luxuries, public transportation or long commutes.

But it takes the stress out of simply existing. The idea is that it's set at a level where you're not going to die, you're not going to end up homeless, you're just not going to be very comfortable.

As for how it's different from welfare/social security/disability - I usually see it pitched as a way of unifying all of those (and the EITC), so that people don't fall through the cracks because they don't know how to sign up or what they're entitled to. It'd save on administration costs as well.



If BI happens, there will be an entire art form developed on how to live happily on $15k/adult/year. This is already taking place (e.g. Mr. Money Mustache lives a comfortable middle-class livestyle with his wife and son on $27k/year).

I consider this a good thing.


The other main benefit of BI over the current patchwork of welfare programs is that it removes the disincentive to work on the margin. Today, many unskilled people stand to lose money by getting a job, because the value of their labor is so low that the loss of benefits they'd trigger by becoming employed would actually be more significant than the amount of money they'd make from any job for which they can actually qualify.

This is a stupid state of affairs, because: (1) it wastes the potential labor of such people (which is, after all, generally worth something); (2) it robs them of the psychological benefits of being gainfully employed; and (3) it disincentivizes them from gaining the practice in work and thereby developing the skills that would allow them to get better jobs in the future.

BI fixes these problems by making sure that everyone, even at the bottom, sees positive economic return for their labor.

From a social dynamics standpoint, I suspect that over the long run, this feature is probably even more valuable than the "keep you from starving" features of BI.


Critically, excellent education has to be included in that as well. It's not enough to just take care of bodily needs -- you have to provide a way up, too.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: