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by Paladin
Wed Aug 01, 2018 7:44 am
Forum: Off-Topic
Topic: So-called Basic Income - Stockton, Ca.
Replies: 32
Views: 8560

Re: So-called Basic Income - Stockton, Ca.

Jay2121 wrote: Tue Jul 31, 2018 2:13 pm Just failed in Finland. It will fail there.

https://www.investors.com/politics/edit ... zes-sloth/
I think this quote is important:
Past Failures

But we've already tried it, as Mimi Texeira of The Daily Signal noted recently: "In the 1970s, the (U.S.) government ran four random control experiments across six states to try the negative income tax, a similar policy proposal (to the basic income) that was popular at the time. In each test, the work disincentive effect was disastrous. For every $1,000 in added benefits to a family, there was an average reduction in $660 of wages from work."

That's right. A basic income would tax work to the hilt so that others could be paid to do nothing. Common sense dictates that you reward work, not punish it. The Finns figured it out. Why haven't we?
Those who do not learn from history are doomed to repeat it.

As Jordan Peterson says, people need function and meaning in their lives:
Everyone needs a concrete, specific goal—an ambition, and a purpose—to limit chaos and make intelligible sense of his or her life.

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