The Automated Economy shared a link.
September 20th, 12:17 pm
Charles Murray: Give Every Citizen $10,000 A Year In Disposable Income
From Sunday's broadcast of The Revolution with host Steve Hilton on FOX News:STEVE HILTON, FOX NEWS: This idea of universal basic income is something that is associated with the left. More recently we've had the liberal elite in Silicon Valley pushing the idea. But generally, it's seen as an idea th... ... See MoreSee Less
If it is implemented while automation and renewables are dropping in costs, then even if left the same, it would actually be worth more as we could get more for our money in an age of automation. Also implementing it incrementally and during tech induced recessions to offset bad deflation would help prevent bad inflation. Also implement it when automation is cheap, so the moment demand spikes, we can cheaply and quickly put more automation online to meet demand and even 3D print living structures quickly. Also lower costs of basics and things reduces costs and inflation spikes in the future. Also helps to get rid of the broken poverty trap bureaucratic welfare system to pay for it among other ways, and gov. employees who lose their jobs would get BI too, which is much cheaper than their gov. wage and benefits, and some choosing to work less thanks to BI means more work to go around so the gov. people can work somewhere else, like in a the private sector. The sooner we scrap this poverty trap SSI system that punishes poor and disabled people for working and encouraging them to do it without reporting it to dodge that trap, the better. The US welfare system is crap both in bureaucracy and in amonuts they give, as Bill Trowbridge has brought to my attenton that Switzerland doesn't have all that costly anti-freedom bureaucracy and poverty trap in their welfare system. Almost time to evolve our system new deal style and enter a new paradigm vs this increasingly incompatible ecocomic model. www.zerohedge.com/news/2016-08-02/65mm-americans-would-work-just-cant-take-risk-losing-their-bene... Daniel O'Sullivan, Solar McDepp
...paid for by funding from abolished welfare spending, as Murray has consistently said in the past. Funny how that wasn't mentioned here.
If all work was for regenerative outcomes, work week will gradually shrink and civilization will live to a ripe old age.
So no more social workers no more state benefits or food stamps. And it will never rise to keep up with inflation. In twenty years it will be worth a hundred dollars in todays money.
That's too much. Start it at $300/month to let the system adjust.