I’m a big fan of the concept of an universal basic income. Where everyone gets ~1000€ every month from the government. For children, the parents get the money.
And I mean everyone. Every legal resident. Including billionaires.
To finance it I would tax both income and capital gains at ~50%. From the very first € you earn.
The net tax load on most people would not actually change much. But it completely gets rid of situations where if people work more, loose their benefits and end up with less.
1000€ should be just about enough to life a frugal lifestyle. A flat with a partner or flatmate in a small town. Produce to cook a flexitarian diet. A public transport pass and a bicycle. A Samsung Galaxy A17 with an internet plan. And all those other real necessities of life.
If people want luxuries, they will still have to work.
Someone still has to produce those consumables after all. But everyone should be able to get all of their basic necessities covered.
People need cars to live where I am. There is no public transportation and cycling is far too dangerous, no one even tries. They give up their homes before their cars. Tons of people living on UBI would be living in their cars.
it’s a good idea but it requires that costs don’t adapt. that 800€ apartment you wanted? well since you’re already getting a subsidy it’s now 1600€. after all, if you discount the subsidy it’s cheaper!
Exactly. What’s to keep the sellers from just jacking everything up?
College was expensive, but affordable, until the government made it easier to get student loans. Colleges responded by wildly jacking up their prices, and now you literally have to voluntarily take on a lifetime of debt to get a college degree for a job that probably won’t cover the cost of your loan. And what did the government do? They went right along with it, and demand repayment before anything else.
They recently started a benefit program with Medicare that gives you some money each month to buy health related items in drugstores and such, and they responded by jacking up the prices in Walgreens and CVS.
I’m all for UBI as well, but it has to comes with price controls so the corporate parasites don’t just take it all. UBI Gouging has to be a harshly enforced crime.
What we need is to jail people who do exploitive shit like this. Just like any other harmful acticity we jail people for.
Or maybe jusr, OP’s 50% tax deal ramps up the more acxumulated wealth and property you have. Tonstrongly discourage that practice. Like sure, you exploited your rent holdings and you are a ten millionaire. But now we are taxing you at 100% so we can bump people’s UBI subsidy up enough to account for your exploitation.
We can’t jail them without a law that makes it illegal.
And if we introduce rent control, we need to replace it with other incentives to build new apartment buildings. Ideally ones that create a slight oversupply of housing. Otherwise, in a decade or so, you get cheap rent but tons of homeless people because the supply is insufficient.
Which is why UBI should be coupled with UBS (universal basic services). In this context, at the very least there would exist also a rental board (like Quebec’s existing Regie du Logement). If you’re more ambitious, housing would be a universal service and taken out of the market altogether. And don’t forget that that 1600E income of the landlord would be also taxed.
Yes, it definitely has to be recalculated frequently. If it doesn’t, it will be about as useful as the US minimum wage after some time.
But as I said, most people wouldn’t have significantly more or less money than they do today. At least I carefully calculated those numbers so that most people would have pretty much the same, for Germany in 2019. So I don’t really expect prices to go up drastically.
It’s not that people suddenly have 1000€ extra. Either their unemployment benefits get replaced by that UBI, or they now have to pay an extra 1000€ in taxes.
it’s not even supposed to be an “extra 1000€ in taxes”, it would just be gradually eaten up by taxes the more you make.
the big problem is, a lot of people on long-term sick pay who are not allowed to work would get less from this system. there needs to be something to deal with that.
UBI is a billionaire slop ideology to defuse political tension with gifts, accelerating capital accumulation in the process. It places the 99% as clients of a power-holding elite. It’ll produce a few generations of hapless losers, who’ll be utterly incapable of defending their rights when they eventually roll a cruel patron that decides to take it away.
Exactly. UBI is a reactionary socialist concept. It is a bandage for a bigger issue, meant to appease so as not to incite revolt. However the real issue is a commodity economy / money. Its really hard to get the masses on board with abolishing that without global revolution.
I’m a big fan of the concept of an universal basic income. Where everyone gets ~1000€ every month from the government. For children, the parents get the money.
And I mean everyone. Every legal resident. Including billionaires.
To finance it I would tax both income and capital gains at ~50%. From the very first € you earn.
The net tax load on most people would not actually change much. But it completely gets rid of situations where if people work more, loose their benefits and end up with less.
1000€ should be just about enough to life a frugal lifestyle. A flat with a partner or flatmate in a small town. Produce to cook a flexitarian diet. A public transport pass and a bicycle. A Samsung Galaxy A17 with an internet plan. And all those other real necessities of life.
If people want luxuries, they will still have to work. Someone still has to produce those consumables after all. But everyone should be able to get all of their basic necessities covered.
People need cars to live where I am. There is no public transportation and cycling is far too dangerous, no one even tries. They give up their homes before their cars. Tons of people living on UBI would be living in their cars.
In a political climate where you could actually implement UBI, you would also be able to implement walkability policies.
Also, e-bikes. E-bikes is where it’s at.
it’s a good idea but it requires that costs don’t adapt. that 800€ apartment you wanted? well since you’re already getting a subsidy it’s now 1600€. after all, if you discount the subsidy it’s cheaper!
Exactly. What’s to keep the sellers from just jacking everything up?
College was expensive, but affordable, until the government made it easier to get student loans. Colleges responded by wildly jacking up their prices, and now you literally have to voluntarily take on a lifetime of debt to get a college degree for a job that probably won’t cover the cost of your loan. And what did the government do? They went right along with it, and demand repayment before anything else.
They recently started a benefit program with Medicare that gives you some money each month to buy health related items in drugstores and such, and they responded by jacking up the prices in Walgreens and CVS.
I’m all for UBI as well, but it has to comes with price controls so the corporate parasites don’t just take it all. UBI Gouging has to be a harshly enforced crime.
What we need is to jail people who do exploitive shit like this. Just like any other harmful acticity we jail people for.
Or maybe jusr, OP’s 50% tax deal ramps up the more acxumulated wealth and property you have. Tonstrongly discourage that practice. Like sure, you exploited your rent holdings and you are a ten millionaire. But now we are taxing you at 100% so we can bump people’s UBI subsidy up enough to account for your exploitation.
Good job, you accomplished nothing in the end.
We can’t jail them without a law that makes it illegal.
And if we introduce rent control, we need to replace it with other incentives to build new apartment buildings. Ideally ones that create a slight oversupply of housing. Otherwise, in a decade or so, you get cheap rent but tons of homeless people because the supply is insufficient.
well that’s a uniquely us problem which doesn’t really apply to the rest of the world.
Which is why UBI should be coupled with UBS (universal basic services). In this context, at the very least there would exist also a rental board (like Quebec’s existing Regie du Logement). If you’re more ambitious, housing would be a universal service and taken out of the market altogether. And don’t forget that that 1600E income of the landlord would be also taxed.
More generally: https://ubiadvocates.org/inflation-and-ubi-separating-fact-from-fiction/
Yes, it definitely has to be recalculated frequently. If it doesn’t, it will be about as useful as the US minimum wage after some time.
But as I said, most people wouldn’t have significantly more or less money than they do today. At least I carefully calculated those numbers so that most people would have pretty much the same, for Germany in 2019. So I don’t really expect prices to go up drastically.
It’s not that people suddenly have 1000€ extra. Either their unemployment benefits get replaced by that UBI, or they now have to pay an extra 1000€ in taxes.
it’s not even supposed to be an “extra 1000€ in taxes”, it would just be gradually eaten up by taxes the more you make.
the big problem is, a lot of people on long-term sick pay who are not allowed to work would get less from this system. there needs to be something to deal with that.
UBI is a billionaire slop ideology to defuse political tension with gifts, accelerating capital accumulation in the process. It places the 99% as clients of a power-holding elite. It’ll produce a few generations of hapless losers, who’ll be utterly incapable of defending their rights when they eventually roll a cruel patron that decides to take it away.
Exactly. UBI is a reactionary socialist concept. It is a bandage for a bigger issue, meant to appease so as not to incite revolt. However the real issue is a commodity economy / money. Its really hard to get the masses on board with abolishing that without global revolution.