Martinelli highlights “the danger that basic income ‘would aggravate the problem of low pay and subsidize inefficient employers,’ leading to a proliferation of ‘lousy’ jobs.” In this scenario, those with good jobs will continue to lead fulfilling lives, now supplemented by universal income, while others will have to combine their UBI with one or... See more
On the face of it, this makes the numbers come close to acceptable. It also means that UBI schemes essentially take money out of the pot currently reserved for the needy and disabled, and distribute it to able-bodied people plus the needy and disabled. Such a scheme has the potential to have good effects: by eradicating welfare traps that keep... See more
These plans fail even though they cheat and give themselves dictatorial power. “End corporate welfare, then redirect the money to UBI!” But if it was that easy to end corporate welfare, wouldn’t people have done it already, for non-UBI related reasons? “We’ll get a UBI by ending corporate welfare” is an outrageous claim. And even the plans that let... See more