I heard on the radio today, that someone is running for congress on the issue of universal income. I'm sorry that I do not have the name. I do know he wanted to give every adult in Amreica 1000 dollars basic income. I've heard people bring this up a bunch lately, and it makes no sense to me. Wouldn't this mean that many people would just quit their jobs and raise unemployment? It also seems pretty clear that something like this couldn't be paid for. Inflation would also go crazy. Impossible spending, raised unemployment, and inflation for a country that is fast becoming Super Greece. Is there any way this makes sense economically? Is it even possible? I'm not going to laugh it off because I see big trouble coming. I had someone tell me his daughter couldn't find a job, and she was a pharmacist. They are being replaced right and left by robots. Businesses know that after an expensive 7 yr program, that these kids are desperate for work and are low balling them into 50 or 60k salaries. People are rightly concerned about robotic factories and the new kiosks in fast food places, but it is truly horrifying when you think about self driving vehicles replacing truckers. How many truckers do you think there are? That's a lot of people, and once they're replaced, they won't even be able to work at McDonald's. To me, universal income seems silly, but I really am interested in hearing the argument for it. Something inovative has to happen, because the storm is already here and it is going to get worse at an incredible rate.
Good topic.
Switzerland toyed with UI. It was voted down, but they did the calculations.
By eliminating all social programs, it would have saved the country money. In US dollars, it would be (if I remember correctly) $1,600 a month for every adult, and it could solve a lot of problems we have today.
Most would not be able to live on $1,600 a month, but some could. It would create a demand for workers because of people leaving the work force. Supply and demand dictates the less supply, the higher the price, so pay increases would certainly be on the way.
For those that want to continue to work, that $1,600 could go towards purchasing a health care plan. Another problem is college expenses. If the parents used their $1,600 for their children's college, that's a problem solved as well, because between the parents and the adult student, there is more than enough money to cover all college expenses. But even if a loan were needed, the adult student getting his or her $1,600 a month could cover dorm costs.
Welfare is a huge problem in our country. For instance I get so pissed off because I live in the suburbs, and I have HUD people living right next door. There is no equity when I have to go to work everyday to live here, and they just move in living on my tax dollars. UI would eliminate that because there would be no HUD. They would have to move somewhere else, and I could finally get some sleep at night.
Our social programs reward people for having kids they can't afford. That wouldn't happen with UI. If you can feed your family on that, fine. But raising kids is expensive, and more poor people would practice birth control. Less poor people is always a good thing because the apple usually doesn't fall far from the tree.
So often you read or hear of people complaining of food stamps. What we see these lowlifes buy in the store sickens us. UI would eliminate that because there would no longer be food stamps. Buy whatever you like in the store, because it's coming out of your $1,600 a month.
Housing, housing prices, rents are all increasing faster than income. If you continue to work, you could use your stipend to pay off your mortgage much faster. That's a hell of a lot of money you could save in interest rates.
So UI is a great idea. I would love to see it. While there are some disadvantages, there are ten times more advantages. It would eliminate the jealousy of people on social programs, it would reduce poverty, it would teach responsibility, and it would solve many financial problems most Americans currently deal with. The best part? It would be cheaper in the long run for our government.