"Thus, a basic income would in no way threaten the work-force's ability to gather and build theses necessities (and the consumption of the income would, in fact, guarantee no drag on the economy.)" Untrue - How do you guarantee that every person receives ONLY ONE basic income. We already know that welfare fraud is endemic. Your basic income will drain the economy. Not to mention the moral rights. You have no right to take from the wealthy by force.
The very idea of a basic income without having to do any work is contradictory. Instead of income one must understand that the basic income consists of food, water and shelter to the minimum amount needed for a human being to survive. But none of these things exist unless someone does the work necessary to gather and build them.
The basic means of life are incidental to the massive amounts of capital currently owned by the rich in our society. In other words, the labour being spent today on increasing the wealth of the wealthy already overshadows the labour spent on basic necessities. Thus, a basic income would in no way threaten the work-force's ability to gather and build theses necessities (and the consumption of the income would, in fact, guarantee no drag on the economy.)
@kuruantigenic - That's exactly what I wondered. Really? How. It is directly opposed to his life's work. I would be fascinated to see how he would articulate an argument for it, without running directly headfirst into everything he's every said before.
@TheGrandmaster1 his argument was that in some societies there are people anonymous to each other... so they cant help each other against poverty. Milton Friedman invented therefor a basic income theory. Its the ultimative way to real freedom and I dont think that Milton Friedman is just someone... He was one of the most brilliant minds and thats why i tryed to understand his views and im pro basic income now.
@TheGrandmaster1 Milton says that capitalism is the best economic system for prosperity in society. He states that the poor will benefit, in the long term, from such a society. He does however say that the biggest downfall is that some people will inevidibly be left behind. His solution to that problem that would best fit his ideals would not be the welfare programs we see today (min wage, unemployment, SS, etc..), but a basic income. The gov doesn't have to make decisions.
I often wonder how well a consumption tax, basic income, and alongside, a national initiative would take the U.S. into the future where it seems to be stagnant at this point economically.
It's a similar plan, based on liberty, $10,000 for all under $25,000 income and up to $5,000 for even Bill Gates without raising taxation levels a cent and even saving a trillion after 10 years!
@CatholicConversion U (and everyone else visiting this vid) might also be interested in the ideas of the late Louis Kelso & his associates. Also, re Murray,we should note that his plan works out to only about $800/mo. Yet we have, in principle at least, the ability to provide twice or perhaps even thrice as much, and, at least ideally, should damn well do so. Indeed, eventually, everyone should be able to have a rather affluent real income regardless of whether they labor at all.
"Thus, a basic income would in no way threaten the work-force's ability to gather and build theses necessities (and the consumption of the income would, in fact, guarantee no drag on the economy.)" Untrue - How do you guarantee that every person receives ONLY ONE basic income. We already know that welfare fraud is endemic. Your basic income will drain the economy. Not to mention the moral rights. You have no right to take from the wealthy by force.
zardozcs 6 months ago
The very idea of a basic income without having to do any work is contradictory. Instead of income one must understand that the basic income consists of food, water and shelter to the minimum amount needed for a human being to survive. But none of these things exist unless someone does the work necessary to gather and build them.
zardozcs 11 months ago
@zardozcs
The basic means of life are incidental to the massive amounts of capital currently owned by the rich in our society. In other words, the labour being spent today on increasing the wealth of the wealthy already overshadows the labour spent on basic necessities. Thus, a basic income would in no way threaten the work-force's ability to gather and build theses necessities (and the consumption of the income would, in fact, guarantee no drag on the economy.)
FiverBeyond 6 months ago
milton friedman?
kuruantigenic 1 year ago
@kuruantigenic - That's exactly what I wondered. Really? How. It is directly opposed to his life's work. I would be fascinated to see how he would articulate an argument for it, without running directly headfirst into everything he's every said before.
TheGrandmaster1 2 months ago
@TheGrandmaster1 his argument was that in some societies there are people anonymous to each other... so they cant help each other against poverty. Milton Friedman invented therefor a basic income theory. Its the ultimative way to real freedom and I dont think that Milton Friedman is just someone... He was one of the most brilliant minds and thats why i tryed to understand his views and im pro basic income now.
intellectual greetings from germany :)
TheDenknach 1 month ago
@TheGrandmaster1 Milton says that capitalism is the best economic system for prosperity in society. He states that the poor will benefit, in the long term, from such a society. He does however say that the biggest downfall is that some people will inevidibly be left behind. His solution to that problem that would best fit his ideals would not be the welfare programs we see today (min wage, unemployment, SS, etc..), but a basic income. The gov doesn't have to make decisions.
bmlong137 1 week ago
I often wonder how well a consumption tax, basic income, and alongside, a national initiative would take the U.S. into the future where it seems to be stagnant at this point economically.
RedirectionUSA 1 year ago
Thank you. Will share!
DesteniEducationTV 1 year ago
Absolutely wonderful video!
RedirectionUSA 1 year ago
★★★★★
halo2pc 2 years ago
Have you read Charles Murray In Our Hands?
It's a similar plan, based on liberty, $10,000 for all under $25,000 income and up to $5,000 for even Bill Gates without raising taxation levels a cent and even saving a trillion after 10 years!
Great book. Highly recommended.
CatholicConversion 2 years ago
@CatholicConversion U (and everyone else visiting this vid) might also be interested in the ideas of the late Louis Kelso & his associates. Also, re Murray,we should note that his plan works out to only about $800/mo. Yet we have, in principle at least, the ability to provide twice or perhaps even thrice as much, and, at least ideally, should damn well do so. Indeed, eventually, everyone should be able to have a rather affluent real income regardless of whether they labor at all.
MCP2012 1 year ago