Learning a lot from this discussion, thank you. I am in agreement with idea that viability of UBI depends on people who are currently working more or less continuing to work. If everyone stopped working, then obviously UBI (and civilization) fails. In fact, you need a large proportion (dependent on level of UBI) to keep working and paying taxes, otherwise UBI consumption simply fires inflation. On the other hand, everyone who does work has more spending power than those who don’t so it seems to me there is powerful incentive to work. I can see that people might use it to reduce work hours, but given experiments on 4 day week, I dont think that would necessarily reduce productivity in many industries.
I cant see a way to determine by reason alone that UBI will be successful without actually running trials over long period to assess response.
Learning a lot from this discussion, thank you. I am in agreement with idea that viability of UBI depends on people who are currently working more or less continuing to work. If everyone stopped working, then obviously UBI (and civilization) fails. In fact, you need a large proportion (dependent on level of UBI) to keep working and paying taxes, otherwise UBI consumption simply fires inflation. On the other hand, everyone who does work has more spending power than those who don’t so it seems to me there is powerful incentive to work. I can see that people might use it to reduce work hours, but given experiments on 4 day week, I dont think that would necessarily reduce productivity in many industries.
I cant see a way to determine by reason alone that UBI will be successful without actually running trials over long period to assess response.