He rented that magical solar powered Camry that got around 140 MPG for $30/day and you have to be at least 21 to rent a car.
On a lighter note, this is why we need $1000 a month. So street performers can pursue their passion. And before you laugh, there’s billions of dollars invested in the art industry.
Giving everyone 1k a month doesn’t suddenly mean there is less competition and capitalism ceases to exist. You go ahead and raise your price, I’ll go elsewhere. The money isn't new money that appear out of thin air. It's existing money that is being moved around. The value hasn't changed, it simply is being moved. Was there been hyper inflation, or even inflation due to the basic income in Alaska? No. In fact inflation has gone down. That doesn't mean the basic income is causing it to go down, it just mean it probably has very little impact on inflation. Was there hyper inflation in Kuwait with their basic income? Again, no. And again, inflation actually went down. Again, doesn't mean the basic income is causing it to go down, but that it probably has negligible effect. Inflation is not as simple as you put it. Many factors at play and you need to point to study to back up your claim. What you have wrote isn't at all convincing and frankly, not that logical. https://phenomenalworld.org/guaranteed-income/cash-transfer-knowledge-transfer JH: Yes, now we’re doing a general equilibrium project, with Paul Niehaus, a founder of GiveDirectly, and Edward Miguel and Michael Walker at UC Berkeley. There, we’re interested in price effects mainly: is it the case that when you give these large cash infusions, no one is really better off, it’s just that prices go up? The answer to that seems to be no. We haven’t finished writing the paper, but it looks like prices don’t change a lot. MS: Is this based on your first cash transfer? Is this a basic income study? JH: No, this is a new study. It’s a much larger project, that is much better powered to detect price effects, that we weren’t so well powered to detect in the first study. In the first study, we did look at price effects and didn’t find any, but that was just a small number of villages. Now we have 650 villages, and $11 million in transfers, which corresponds to about 15% of GDP in these villages. That’s now a magnitude where you can compare it to a very large government stimulus. A new study debunks one of the biggest arguments (inflation) against basic income Employment and work hours.... let's go to some real examples. Study on universal basic income finds Alaska’s PFD has ‘no effect on employment’ Alaska’s Permanent Fund Dividend has no overall effect on employment https://home.uchicago.edu/~j1s/Jones_Alaska.pdf The study, released this month by researchers from the University of Chicago and the University of Pennsylvania, concludes that the PFD had "no effect on employment" overall in the state (although it did increase part-time work by 17 percent). That's in contrast to the theory "that individual cash transfers decrease household labor supply," the study said. "A key concern with a universal basic income is that it could discourage people from working," Jones told a University of Chicago news blog, "but our research shows that the possible reductions in employment seem to be offset by increases in spending that in turn increase the demand for more workers." ..... The study did in fact find that there was no overall decrease either in employment or in overall hours worked. The authors suggest that one reason for this could be that the PFD recipients, in spending their additional funds, are indirectly increasing the need for extra employees to provide goods and services to them. The only significant change found by the study was a 17% increase in part-time work. Given that a greater percentage of women than men appeared to be taking up part-time work, it is possible that this change may have been, at least in part, the result of women using the extra funds to provide childcare, without which they would have been unable to remain part of the workforce. Study: Universal Basic Income Won’t Make People Work Less Now the preliminary results are in: in 2017, a randomly-selected group of 2000 Finns who received 56o euros (about $635) worked on average the same amount as compared to a control group that didn’t receive any funds.
Conservatives are allergic to data. They just do not like change or progress. They just want to maintain control and power (mainly regarding the elites). Conservatism - commitment to traditional values and ideas with opposition to change or innovation. UBI means new wealth would be created that they would not have full control of because money is moving too fast for them to suck up and collect.
My primary claim is not that UBI would make people work less. In fact they will have to work harder because you devalued their currency. The other factor there, is that I didn't say much about employment. You are hovering around safe points. You still have failed to demonstrate that the type of UBI people are proposing won't raise prices. In fact, you say you would take your business elsewhere, but not everyone is that stubborn, and businesses eventually all raise prices as the currency goes down in value. That is why things cost more today across the board. You can say I wasn't logical but my post explained it very clearly, step by step. Your post goes into little safe spots for UBI, and doesn't even bring strong evidence to compete with my ideas.
You realize nothing will make you unconcerned. I have never seen a conservative change their view on real issues. It is part of being conservative.
I cited studies to refute both your primary (hyperinflation) and secondary (less work) claims. You cited no studies and added new statement that are strange - statement such as the one bold above. You seem to be refuting the basic market idea of price competition- I'm not going to even comment on that. And your statement that "things cost more today across the board" is factually incorrect. Obvious examples are TV and computer price continue to fall. I'm no longer taking this seriously as you aren’t able to acknowledge the studies I've cited or try to refute it in a sensible way. When and if you do that, I’ll consider responding.
Took me a while to decide, but I'm all in on Yang 2020. (I'm sure you were all waiting with bated breath on this decision)
I just finished his book "The War On Normal People". Equal parts alarming and informative. Yang really has the finger on the pulse of the problem. We have an electorate that is operating in a mindset of scarcity in the richest nation in the history of the world. It's confounding. Capitalism, for all the good it has given us, has unfortunately given birth to technologies that will eventually min-max our society out of existence as we know it. Unless we collectively decide that we want this technology to work for us and not replace us. I have no idea if Yang as a candidate has what it takes, but his ideas and strategy so far have been brilliant and I hope that whomever carries the Democratic banner will give strong consideration to adopting his platform going forward.
QFTT. I have zero expectation that Biden et al will directly address the same issues that Wang does, which is unfortunate.
Biden I have no hope for. Like, literally none. Bernie and Warren have somewhat outdated ideas that (at best) only treat symptoms or (at worst) will create other problems themselves. A realistic goal is for Yang to make it to the final 5. If he's on the stage with the heavy-hitters at the end it will be a spectacular over achievement.
I just RSVP'd for a small fundraiser for Yang in DC. He will be there and I should be able to get a picture and hopefully a book autograph. Ticket cost was very reasonable & it's at a swanky happy hour on the Georgetown Waterfront, so I figured why not. This will be the first campaign or political event I have attended as a private citizen ever, and I'm kind of excited about that. Living in Texas for so long and now DC, you tend to get ignored as a Democrat and have little to no options or attention paid to you. 2016 was such a snoozefest around here. 2020 looks like it will be much more interesting and I can't wait to see it play out.
