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How much are they talking here? Enough for a mortgage, car, kids, holiday etc? Isn't it really just the dole on steroids?
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Arent looser borders and a universal basic income mutually exclusive?
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@Rancid-Schnitzel said in Universal income:
How much are they talking here? Enough for a mortgage, car, kids, holiday etc? Isn't it really just the dole on steroids?
I recommend the video, the guy has thought it through. He goes through the figures early on.
The answer is $1000 per month.
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@jegga said in Universal income:
@Rembrandt said in Universal income:
I honestly don't understand how it can possibly work. If everyone has more money that money is then of less value, simple economics isn't it or am I missing something?
It’s worth listening to , he explains it well ,
He makes a good point about what might have happened if they had of bailed out home owners rather than the banks .
I found it terrifying to be honest. Very interesting video.
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@Kirwan said in Universal income:
@jegga said in Universal income:
@Rembrandt said in Universal income:
I honestly don't understand how it can possibly work. If everyone has more money that money is then of less value, simple economics isn't it or am I missing something?
It’s worth listening to , he explains it well ,
He makes a good point about what might have happened if they had of bailed out home owners rather than the banks .
I found it terrifying to be honest. Very interesting video.
That’s how I felt too .
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@Kirwan Yep, he describes another impending catastrophe which politicians don't want to talk about.
This information age of the internet sure does expose a lot of nefarious leadership to a population (us) that put a lot of trust into a system and way of life that's looking increasingly less sustainable
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@Rembrandt said in Universal income:
Dammit I guess Rogan is gonna take another 3 hours of my life. Feels like something I need to get my head around...especially as my company is doing a big push for AI automation, outsourcing and mass Aussie redundancies this year.
Normally the reddit threads that accompany a Rogan podcast are full of sarcastic digs and snide remarks. This one is a bit different, lots of people agreeing with Yang including people in the industries he’s talking about
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I listened to the Yang podcast but I'm not really sold on his conclusions. If we are already in the midst of the AI takeover why is unemployment at record lows currently? Surely if you are proposing free money you'd then have to be in support of the wall right?
Also that talk about cutting drug related deaths in half...I got a feeling if you are giving addicts an extra $1000 a month you might get the exact opposite result.
I'll have to have a look through these 'studies' he refers to, from what I understand most trials of this have failed.
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@Rembrandt said in Universal income:
why is unemployment at record lows currently?
Lies, Damned Lies, and Statistics.
There is employment, unemployment, and underemployment. As we increasingly shift toward a gig economy, reporting on employment in the traditional sense will be increasingly unreliable as a measure of success. Zero contract jobs spring to mind. Food delivery drivers, etc.
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@Rembrandt said in Universal income:
I listened to the Yang podcast but I'm not really sold on his conclusions. If we are already in the midst of the AI takeover why is unemployment at record lows currently? Surely if you are proposing free money you'd then have to be in support of the wall right?
Also that talk about cutting drug related deaths in half...I got a feeling if you are giving addicts an extra $1000 a month you might get the exact opposite result.
I'll have to have a look through these 'studies' he refers to, from what I understand most trials of this have failed.
I thought he did favour border control?
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@jegga @Rembrandt he's in the pod as saying he favours strong border protection. He also states that the illegals in country are better to bring in from the cold - and pay them $1000 a month - in order to cease wasting money on trying to track them and clean up after any issues a non-documented person commits in your society.
Building a wall at billions seems to fly in the face of UBI, IMHO.
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@NTA said in Universal income:
@jegga @Rembrandt he's in the pod as saying he favours strong border protection. He also states that the illegals in country are better to bring in from the cold - and pay them $1000 a month - in order to cease wasting money on trying to track them and clean up after any issues a non-documented person commits in your society.
Building a wall at billions seems to fly in the face of UBI, IMHO.
Yeah I thought I recalled his talking about the businesses hire illegals over citizens were the real issue
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@jegga said in Universal income:
@NTA said in Universal income:
@jegga @Rembrandt he's in the pod as saying he favours strong border protection. He also states that the illegals in country are better to bring in from the cold - and pay them $1000 a month - in order to cease wasting money on trying to track them and clean up after any issues a non-documented person commits in your society.
Building a wall at billions seems to fly in the face of UBI, IMHO.
Yeah I thought I recalled his talking about the businesses hire illegals over citizens were the real issue
My interpretation was the fact that a lot of illegals operate in a dark economy where they're not contributing to the usual channels via taxation (personally or via business taxes) etc. but also not reaping the benefits.
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@NTA said in Universal income:
@Rembrandt said in Universal income:
why is unemployment at record lows currently?
Lies, Damned Lies, and Statistics.
There is employment, unemployment, and underemployment. As we increasingly shift toward a gig economy, reporting on employment in the traditional sense will be increasingly unreliable as a measure of success. Zero contract jobs spring to mind. Food delivery drivers, etc.
Out of curiosity, how do you see those not being captured by the official figures - now or in the future? All of the things you mention are measured in some shape or form (including the often overlooked participation rate). I think the measure of underemployment will become increasingly important/need to be reported on more widely as the gig economy grows, but it's already surveyed for now.
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@Donsteppa it is more the way the figures are used disingenuously by the government of the day to say everything's alright and "how good are we as economic managers!"
Underemployment and wage growth are more critical measures of a happy and contributing workforce IMHO.
In Australia the progressives use wage stagnation versus CPI versus corporate profit versus corporate tax as a metric they can point to the failings of the conservative government. The only response the conservatives have is "RECORD LOW UNEMPLOYMENT!"
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@NTA said in Universal income:
He's selling it pretty well actually. The trap for Republicans being "we don't want to pay our core voters experiencing hardship".
Reminds me of this quote I saw on FB
I’ve seen that quote attributed to a few people, H L Mencken springs to mind.
Universal income