Crogach wrote:Disserbia wrote:Some of a safety net is necessary, but too much of one leads to lack of motivation because people when people feel like they are working for the welfare of others and their work isn't benefiting themselves as much as it should they become less motivated.
Here's the thing; while that may be true I'm fairly certain that the threshold of guaranteed income at which a significant population of the country decides working and/or leading a productive existence isn't worth it is well above the income most people would set (and by that I mean at least twice the poverty line, which is also a good deal more than I think our economy could necessarily support; see my calculations above for why).
What I'd bet is that at levels between 1 and 1.5 times the poverty line you'd see more of different kinds of productivity and a re-shaking out of the labor markets rather than simply less productivity; in particular artists, writers, poets, and so on would no longer have to work 40-50 hours at menial jobs and would be able to turn out a great deal more culturally valuable work than they do now, while low-skill menial jobs could once again become boot camps for teenagers who want extra spending money rather than poverty traps.Sobaeg wrote:
The challenge with the USA is that an apple is not an apple. Because of Insurance and Credit and market forces, blue collar and white-collar goods and services are overly inflated.
An example of this is property in Florida, what did people think it was worth 5 years ago… where they right? Ask the same question about other basic services, food, medical and ask the same question.
That might be true in a general sense, but I'd like to see more thorough numbers on that. Furthermore, the guaranteed annual income wouldn't operate in a vacuum; if we set it to a similar fraction of the poverty line and then redefine the poverty line based on severely deflated numbers then the markets won't automatically deflate to match the numbers and we'll have people on the streets.
I agree with you completely. I think there is a fine line though. If there is too much of a welfare state then you can have a situation like in France where when they try to do anything there are huge protests. Cultural stuff is important and should be supported, but we should distinguish what actually contributes to society vs. what doesn't. I don't think there should be salary caps or that those who get rich from being innovative should be too highly taxed if what they do actually contributes to society.