I don’t know if universal basic income would really do anything in the long run. I don’t think it would lead to overall run off inflation, but I dont doubt for a second that landlords would immediately increase rent.
We don’t really need more money supply, we need more protections in areas of economics that should rightfully be considered natural monopolies.
If we didn’t have to spend so much on essentials that should be subsidized or price controlled by the government like housing, food, utilities, and healthcare, then we’d have more to stimulate other areas of the economy.
Increasing the money supply without implementing mechanisms for regulation is just a complicated economic stimulus for landlords, produce markets, and utility companies.
if you tax the rich, they need to ask for higher prices of the products they sell to still make a profit. this is a partial inflation.
however, small companies run by non-billionaires, like worker cooperatives and local businesses, would be exempt from the taxes and therefore have a competitive advantage. this is my goal.
They have a fiduciary responsibility to the shareholder and therefore will act in a way that maximizes profits. It’s just what they do as a consequence of what they are. In candyland this leads to overproduction as companies race for existing markets and seek to penetrate new ones, and as a consequence they end up making a hell of a lot more than what they need, which leads to better access and lower prices for the consumer. In the real world? The classic example of something capitalism is really good at making is a pencil, and you have to hand it to them. Pencils are in fact cheap as hell and very readily available. Food, shelter, and medicine, on the other hand…
I really want to see a change to that fundamental shareholder law, that allows for things like:
A) A company is structured around a particular mission, which may have nothing to do with money in particular, just set up as a “shared goal”
B) Any profit motivations must acknowledge both short-term and long-term. If a company wants to replace their flour with sawdust, then a board member can readily explain this will likely lead to a long-term dropoff in customers and that such an action should be legally barred.
Case A is possible if the organization’s mission/goal is written in the organization’s charter. The mission has to be set at the organization’s founding, however. Changing the mission later is difficult or close to impossible. Note that such an organization might not be profit-oriented, and therefore might have difficulty finding investors, which means it will have a difficult time to start and operate in the world, because investors are typically looking for companies that return a profit at some point in the future. So, the difficulty is really more about finding investors than running a non-profit company. If you can find investors though, you’re golden.
Case B is technically already the case. The board of shareholders decides on the company’s strategy, and they can decide to favor long-term profit over short-term profits. The reason they often don’t do that is because in today’s world, there’s a lot of structural changes in the world around us all the time (think of all the technology that was developed in the last 50 years alone), and so it’s very difficult for a company to keep to a long-term plan at all, so they often make short-term plans instead, which leads to the short-sightedness that you already mentioned. If the world around us was more stable and provided more consistent operating conditions for companies for long-term planning, companies could rely on that and settle down on a long-term strategy. Which has simply not been the case in the last 50 years or so.
however, small companies run by non-billionaires, like worker cooperatives and local businesses, would be exempt from the taxes and therefore have a competitive advantage. this is my goal.
What makes a large business more competitive compared to a small one isn’t taxation, it’s the economics of scale in regards to logistics and production. All of a corporation’s activities are already exempt from most taxation, the only thing we tax a corporation for is on their profit.
Being a non profit doesn’t automatically make you more competitive, operating at lower cost with higher productivity is what makes you competitive.
I mean you could, but what would be the point if housing, healthcare, and food security were a right? UBI is just a bandage some billionaires advocate for just so they don’t have to pay for a working healthcare system
And that would go back to my response… What would be the point?
A basic income is supposed to cover basic necessities, if those are already covered what is the point other than driving inflation and driving down productivity?
It’s amazing to me how some people fight so hard against something that would benefit them. Like, if I offered to send you $500 a month no strings attached, would you really be against it?
They have done a lot of studies and test runs with UBIs, they seem to work pretty well and most people use them to pay off debts, save up some, educate themselves and still work. Iirc employment actually went up and people were more productive because they didn’t have to worry as much. (Not that productivity should like, be a goal that magically makes something valid to exist and if it isn’t should be scrapped) You’ve probably seen a bunch of stuff online about it so I doubt I’d convince you of anything at this point.
As for inflation, looks like people can price gouge their way to hyper inflation just fine without a ubi, so yeah, not sure why you’d be against a check every month.
It’s amazing to me how some people fight so hard against something that would benefit them. Like, if I offered to send you $500 a month no strings attached, would you really be against it?
Because there are always strings attached… Just because you don’t know enough about macroeconomics to foresee any potential negative outcomes doesn’t mean there won’t be any.
They have done a lot of studies and test runs with UBIs, they seem to work pretty well and most people use them to pay off debts, save up some, educate themselves and still work.
And these studies are operating in our current economy, not one where basic needs have already been met. In the theoretical scenario where the government is insuring basic needs like housing, food, medical, and education are already being paid for, adding an additional UBI would just be an additional revenue burden.
If we’re already raising taxes enough to guarantee the populations basic needs are taken care of, UBI would be that much harder to secure funding for.
Iirc employment actually went up and people were more productive because they didn’t have to worry as much. (Not that productivity should like, be a goal that magically makes something valid to exist and if it isn’t should be scrapped)
Again, this would already be a problem addressed by the just securing people’s basic needs.
As for inflation, looks like people can price gouge their way to hyper inflation just fine without a ubi, so yeah, not sure why you’d be against a check every month.
Yeah…you want to extrapolate that thought just a little more? Price gouging is only possible if people have the money to still pay for the items.
One of the reasons why prices shot up during/after the pandemic is because of the covid checks. Don’t get me wrong, for the amount of people who were temporarily out of work we needed to increase the money supply. However, a natural response to an increase of money supply without an increase of production is inflation/price gouging. The demand isn’t being met by supply, this increases the price of the current supply to what the market is willing to pay. When you increase theoney supply, it increases what the market is willing to pay.
You can’t just increase the money supply from thin air for nothing in return. Macroeconomics is a careful balance between spending, revenue, and productivity.
I don’t know if universal basic income would really do anything in the long run. I don’t think it would lead to overall run off inflation, but I dont doubt for a second that landlords would immediately increase rent.
We don’t really need more money supply, we need more protections in areas of economics that should rightfully be considered natural monopolies.
If we didn’t have to spend so much on essentials that should be subsidized or price controlled by the government like housing, food, utilities, and healthcare, then we’d have more to stimulate other areas of the economy.
Increasing the money supply without implementing mechanisms for regulation is just a complicated economic stimulus for landlords, produce markets, and utility companies.
if you tax the rich, they need to ask for higher prices of the products they sell to still make a profit. this is a partial inflation.
however, small companies run by non-billionaires, like worker cooperatives and local businesses, would be exempt from the taxes and therefore have a competitive advantage. this is my goal.
That’s bullshit, they’d make a profit anyway, but it would be less of a profit, the poor souls… and they’d still hike prices anyway.
They have a fiduciary responsibility to the shareholder and therefore will act in a way that maximizes profits. It’s just what they do as a consequence of what they are. In candyland this leads to overproduction as companies race for existing markets and seek to penetrate new ones, and as a consequence they end up making a hell of a lot more than what they need, which leads to better access and lower prices for the consumer. In the real world? The classic example of something capitalism is really good at making is a pencil, and you have to hand it to them. Pencils are in fact cheap as hell and very readily available. Food, shelter, and medicine, on the other hand…
I really want to see a change to that fundamental shareholder law, that allows for things like:
A) A company is structured around a particular mission, which may have nothing to do with money in particular, just set up as a “shared goal”
B) Any profit motivations must acknowledge both short-term and long-term. If a company wants to replace their flour with sawdust, then a board member can readily explain this will likely lead to a long-term dropoff in customers and that such an action should be legally barred.
A and B are both technically already possible.
Case A is possible if the organization’s mission/goal is written in the organization’s charter. The mission has to be set at the organization’s founding, however. Changing the mission later is difficult or close to impossible. Note that such an organization might not be profit-oriented, and therefore might have difficulty finding investors, which means it will have a difficult time to start and operate in the world, because investors are typically looking for companies that return a profit at some point in the future. So, the difficulty is really more about finding investors than running a non-profit company. If you can find investors though, you’re golden.
Case B is technically already the case. The board of shareholders decides on the company’s strategy, and they can decide to favor long-term profit over short-term profits. The reason they often don’t do that is because in today’s world, there’s a lot of structural changes in the world around us all the time (think of all the technology that was developed in the last 50 years alone), and so it’s very difficult for a company to keep to a long-term plan at all, so they often make short-term plans instead, which leads to the short-sightedness that you already mentioned. If the world around us was more stable and provided more consistent operating conditions for companies for long-term planning, companies could rely on that and settle down on a long-term strategy. Which has simply not been the case in the last 50 years or so.
What makes a large business more competitive compared to a small one isn’t taxation, it’s the economics of scale in regards to logistics and production. All of a corporation’s activities are already exempt from most taxation, the only thing we tax a corporation for is on their profit.
Being a non profit doesn’t automatically make you more competitive, operating at lower cost with higher productivity is what makes you competitive.
Porque no las dos
I mean you could, but what would be the point if housing, healthcare, and food security were a right? UBI is just a bandage some billionaires advocate for just so they don’t have to pay for a working healthcare system
Did you mean to say if they weren’t a right?
I meant if housing, healthcare, and food were guaranteed, what would be the point of UBI?
Politicians currently advocating for UBI are doing so as a replacement for things like universal healthcare, not in conjunction with it.
So that goes back to my original comment, porque no las dos?
And that would go back to my response… What would be the point?
A basic income is supposed to cover basic necessities, if those are already covered what is the point other than driving inflation and driving down productivity?
It’s amazing to me how some people fight so hard against something that would benefit them. Like, if I offered to send you $500 a month no strings attached, would you really be against it?
They have done a lot of studies and test runs with UBIs, they seem to work pretty well and most people use them to pay off debts, save up some, educate themselves and still work. Iirc employment actually went up and people were more productive because they didn’t have to worry as much. (Not that productivity should like, be a goal that magically makes something valid to exist and if it isn’t should be scrapped) You’ve probably seen a bunch of stuff online about it so I doubt I’d convince you of anything at this point.
As for inflation, looks like people can price gouge their way to hyper inflation just fine without a ubi, so yeah, not sure why you’d be against a check every month.
Because there are always strings attached… Just because you don’t know enough about macroeconomics to foresee any potential negative outcomes doesn’t mean there won’t be any.
And these studies are operating in our current economy, not one where basic needs have already been met. In the theoretical scenario where the government is insuring basic needs like housing, food, medical, and education are already being paid for, adding an additional UBI would just be an additional revenue burden.
If we’re already raising taxes enough to guarantee the populations basic needs are taken care of, UBI would be that much harder to secure funding for.
Again, this would already be a problem addressed by the just securing people’s basic needs.
Yeah…you want to extrapolate that thought just a little more? Price gouging is only possible if people have the money to still pay for the items.
One of the reasons why prices shot up during/after the pandemic is because of the covid checks. Don’t get me wrong, for the amount of people who were temporarily out of work we needed to increase the money supply. However, a natural response to an increase of money supply without an increase of production is inflation/price gouging. The demand isn’t being met by supply, this increases the price of the current supply to what the market is willing to pay. When you increase theoney supply, it increases what the market is willing to pay.
You can’t just increase the money supply from thin air for nothing in return. Macroeconomics is a careful balance between spending, revenue, and productivity.