I'm against it because i believe it will make people even lazier and entitled and there really isn't enough money for it.
The problem is there is this assumption that a large enough number of people are happy with some bare minimum. As if putting food on someone's table is enough to get them to not want to work anymore. Who even wants a nice car, if you are given a free sandwich? As if just existing is enough for a large number of people.
In a cynical way, it's a debate of whether people are lazier or greedier. I argue people would still go to work so they can buy nice things. We see all over the world that having a security net doesn't lead to lazy people, it leads people to continue working to buy more things, or it gives them an opportunity to get the job they actually want.
It's not that simple. Most countries have just an amount that is a small help, which is not enough to pay for your mortgage, groceries, medical bills, utilities and gasoline. It is just a very small amount to maybe help you not to starve. Also usually it is paid only for unemployed people, people that can't work etc. Because if those countries wanted to pay a bigger amount, maybe let's say 1000-1500 dollars to everyone that can't work the burden would be absurd in the public budget, even for a country like US. Unless you just print money like crazy to support it which would bring other problems to the economy.
Really feels like there is this unwritten assumption that money tends to disappear. When you're looking at a single entity, that makes a lot of sense. Money seems to come in at a set amount and goes out at a set amount. But that's not really how it works on a larger scale.
For example, if you gave everyone $1,000, that wouldn't cost the government $1,000 per person, it'd be less than that. The government would get some amount of that back through sales taxes, and other taxes.
This is why giving to the poor has a bigger benefit to the economy. You give $100 to a little boy, he buys a bike, the store that sold the bike makes $30. The store gives $10 to the employee who sold the bike as a generous bonus. That $100 investment benefitted 3 people beyond the $100 value.
The boy got a $100 bike. The store owner got a $20 profit after giving their employee a bonus, the employee got a bonus, the government got $5 back already.
It's easy and feels like common sense to say that the government can't afford that much money, but on the large scale the dynamics and the numbers themselves change.
Do they change enough to make it plausible? Who knows.
Do you know how useless a study with 125 people is? Might as well flip a coin when comparing it to a country of hundreds of millions.
It's a small pilot study.
You don't need to do a study with hundreds of millions of people to determine behavior. You only need a few hundred, the most important part is how you select those few hundred people. You have to select those people randomly, you can't choose from a particular age group or region or family or anything else that can have a factor in changing the results.
With an understanding of basic statistics and probability, you can show that with a randomly selected sample, you can get high quality results with relatively small samples sizes.
Leftists are the flat earthers of economics
What are your economics credentials?
Usually what I hear is "it's common sense" or something along those lines. The issue is there's no such thing as common sense. The reason why there are often studies into things that seem obvious, is because the universe and people often don't work the way we think they do.
Conservatives have been arguing if we lower taxes, the rich will have more money, and they'll have more money to spend on wages. Yet routinely we are seeing the opposite trend, rich people are spending less on wages relative to inflation despite making more money.
It seems to me that no one really understands economics, and everyone is just giving it their best guess. Economics is a "dirty" social science and not a proper natural science.
Last edited by the-pi-guy - on 23 June 2021