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Thread: Automated Jobs / Basic Income

  1. #21
    Senior Member Uwe Jens Lornsen's Avatar
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    These basic income experiments would only
    work temporarily under these circumstances:

    1.) Young people owning their own place of living,
    by heritage of their parents / grandelders.
    2.) Pensioners having earned enough to live debt-free
    in their own habitats / apartments / houses.
    3.) No medium-aged people 30 - 50 years-olds around
    that still have to pay off real-estates debts.
    4.) People live not secluded in their own houses,
    but in apartment blocks.

    Since such scenario will unlikely ever be the established norm,
    such experiments are doomed to fail.

    A sum of CHF 2'500 sounds enormous since $, €, ₤, CHF are currently
    0.9 - 1.1 interchangeable, but prices in Switzerland are that high,
    that Switheranians are doing their shopping across the national borders
    in surrounding countries, thus in German value money worth it would be probably 1'200 €,
    which is just around 100 - 200 € more than social welfare all inclusive apartment rent
    and health care insurances.


    The only way it would work is a Communist approach with
    no-one owning anything.
    And the people, that try to introduce such experiments know that.

    Basic income could work, if it is applied to everyone
    regardless of job status equality and money therefore being printed unconditionally.
    Mk 10:18 What do you call me a good master, no-one is good .

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  3. #22
    Senior Member Theunissen's Avatar
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    Quote Originally Posted by Uwe Jens Lornsen View Post
    These basic income experiments would only
    work temporarily under these circumstances:
    ....
    The only way it would work is a Communist approach with
    no-one owning anything.
    And the people, that try to introduce such experiments know that.

    Basic income could work, if it is applied to everyone
    regardless of job status equality and money therefore being printed unconditionally.
    I'd guess it only works only temporarily. Well, I'm somewhat certain of that.
    In some sense there is basic income already as most EU countries and even the US have a dole system. The argument for basic income is that it's less complicate of a system requiring less administration. With the dole there is still some compulsion to find a job. The issue with it is actually that one doesn't really know what it does to the pricing system. My guess is that it would actually lead to sector inflation. A contention is that it's also a way for the government to control citizens life's make it compulsory to participate to keep up with the income levels. The banks will like it as well, although they had it already their way with almost every citizen having an account.

    To me it sounds like another socio-economic experiment by utopians.

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