A $1,000 per month cash handout would grow the U.S economy by $2.5 trillion, new study says

[DonFerrari]

TallSilhouette said:

DonFerrari said:

Yep. I know of a lot of people in Brazil that makes less than 10k USD/year and have 5 people household. And just in case you don't know Brazil isn't that much cheaper than USA to live.

https://www.numbeo.com/cost-of-living/compare_countries_result.jsp?country1=United+States&country2=Brazil

Supporting a family of 5 in the states unassisted on a single minimum wage would be living in abject poverty. 

That is because what you consider poverty is what most countries consider middle class, and what we consider poverty for you is famine. That is what I talked about increasing standard.

And you can see on that comparison that perhaps USA is about 30% more expensive to live, but our minimum wage is less than 300 USD/month. I can assure you that there are dozen of millions that have families of 5 or more living on 1 or 2 minimum wage here.

30k USD/year would be the earning of less than 10% of our population. And actually this 12k/year UBI would account to basically 80% of our GDP per capita.

fatslob-:O said:

vivster said:

That is a given anyway but doesn't have anything to do with a basic income.

The problem is higher education isn't for everyone. And not only that, being highly educated in a specialized field does not guarantee you a job in that field. Some fields are much needed but less desirable so even with free education students will choose the fields they want and not necessarily the fields that are needed. Free education is great but it does not solve all real world human problems.

Right now we still have about the same amount of jobs as we have people but that will change in the future. So even if everyone had a university degree, not everyone would have work.

This may sound messed up but if we want to achieve basic income then we should probably start dictating a person's occupation ... 

I feel as if civilization is too optimized for 'happiness' rather than 'profit' which is a big detriment quality of life. If we ever want sustainable minimum guranteed living standards then labour needs to start matching demands, not the other way around ... 

The only reason why the rich keeps amassing more wealth is cause there's too many poor suckers out there who trying to chase their own dreams instead of framing themselves as a net contributor to society ... 

We would have a much better civilization if 70% of our population was either studying science/engineering (these specialties are always in demand since they either increase productivity or quality of life) or having occupation in those fields rather than just 30% of the population carrying the rest ... 

If government has to be the one to provide then it's citizens need to start learning or training hard for these high paying professions and starting making a profit for a government to enable programs such as basic income, healthcare and social security ... 

There has to be some sort of compromise if that's going to be the case ... 

We know that people will say they hate maths or that history and philosophy are more important, or how relevant is some odd graduation... and after they will complain at how little that profession earn.

Teeqoz said:

DonFerrari said:

And what invisible hand is the government making rules and giving money they have to steal from others before?

There will always be things human will do better. If at one point robots do absolutelly everything better then there won't be any job at all no needs to attend anymore, so we would be post economy and theory of scarcity.

Government enforce the will of the people <- government is elected by the people who vote selfishly. There's your invisible hand.

The invisible hand isn't intrisically tied to laissez faire capitalism you know. In fact, the idea of capitalism hadn't even been expressed when Adam Smith coined the term....

And yes, in the medium term, there will be a few things humans will do better, but not enough to employ everyone.

Nope, government rob people of their on right, unless you consider that the elected politicians are executing the will of the people. If that is true then all the complains about the government is baseless.

Sorry but the bigger the government the lesser the citizen is still true. The government being bigger and more present is just used to the advantage of big corporations.