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RE: [Liberal Agenda] Universal Basic Income

in #economics6 years ago

This is a big topic and I'm glad you're bringing it up. I haven't put a lot of thought into it but it will be on my mind now as I read news. I think it is our nature to want to be useful in some way. While I like the idea of a universal income I do think many would struggle with this new identity and wonder how they fit within it. As a creative person it's easier for me to put on the optomistic lenses and greet this with positivity. But not everyone is creative or probably even more their identity is very tied with their work. It's a part of American culture one of the first introductory questions a person receives is "So... what do you do?" (although personally I find that a bit rude)

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That's definitely one of the biggest arguments against UBI, but I'm in two minds about it. I think you're right when you say it's in our nature to be useful in some way, and there's no doubt many, particularly the older generations, would struggle to adapt to such a change in their lifestyles exactly like you say. I don't know if it comes down to whether someone is a creative type or not though, personally I don't consider myself a creative type, but I'm pretty good at keeping myself occupied. I've also met very creative/artistic types, who without some form of forced structure, just can't do it under their own steam.

The way I see something like UBI being introduced, at least here in the UK, would be through something more like the negative income tax mentioned above. Another argument against UBI that I've come across is that if everyone gets UBI, then it doesn't address wealth inequality at all, so that problem could be address through a negative income tax system. It really all depends on your point-of-view really, it's an interesting topic. Arguments can be made for and against UBI from both a Right-leaning or Left-leaning ideology.

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