"Guaranteed Minimum Income isn't 'less progressive'.
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"Guaranteed Minimum Income isn't 'less progressive'. It's more practical. GMI puts the resources where they actually belong: with the people who are struggling, not in the mailboxes of the wealthy... and as a very wealthy person myself: hell no." https://www.reddit.com/r/BasicIncome/comments/1qvngza/comment/o9gt50u/
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"Guaranteed Minimum Income isn't 'less progressive'. It's more practical. GMI puts the resources where they actually belong: with the people who are struggling, not in the mailboxes of the wealthy... and as a very wealthy person myself: hell no." https://www.reddit.com/r/BasicIncome/comments/1qvngza/comment/o9gt50u/
@codinghorror I haven't read the blog post you're responding to but from the GMI experiment we had in Italy I can tell you a few reasons why GMI is worse than UBI:
* more bureaucracy;
* incentivizes clandestine employment;
* social stigma even worse than just being unemployed.The bureaucracy in particular is the worst aspect.
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"Guaranteed Minimum Income isn't 'less progressive'. It's more practical. GMI puts the resources where they actually belong: with the people who are struggling, not in the mailboxes of the wealthy... and as a very wealthy person myself: hell no." https://www.reddit.com/r/BasicIncome/comments/1qvngza/comment/o9gt50u/
@codinghorror Ive recently come to a realization. It’s just as wrong for the intelligent to prosper while the stupid suffer as it was for the strong to prosper while the weak suffered. We need AGI to make sure nobody has to suffer just so someone else can prosper.
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"Guaranteed Minimum Income isn't 'less progressive'. It's more practical. GMI puts the resources where they actually belong: with the people who are struggling, not in the mailboxes of the wealthy... and as a very wealthy person myself: hell no." https://www.reddit.com/r/BasicIncome/comments/1qvngza/comment/o9gt50u/
@codinghorror whatever makes me not have to file taxes. :p
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@codinghorror I haven't read the blog post you're responding to but from the GMI experiment we had in Italy I can tell you a few reasons why GMI is worse than UBI:
* more bureaucracy;
* incentivizes clandestine employment;
* social stigma even worse than just being unemployed.The bureaucracy in particular is the worst aspect.
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undefined oblomov@sociale.network shared this topic
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I don't know about an English write-up on how it was done, sorry. Some of its issues can be addressed, but only up to a certain point. The social stigma is unavoidable, AFAICS, and so is the incentive to clandestine employment. It MAY be possible to design the system in a way that it has lower bureaucratic overhead than what it had in Italy, but an UBI still has practically zero overhead.
@oblomov @codinghorror I m not sure on the social stigma if it is just part of the normal tax declaration. Not sure about Italy, but here in Luxembourg we have good parental leave (6month for each parent, paid at up to 5 thirds of the minimum wage) and there is no stigma about it.
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@oblomov @codinghorror sounds like those were part of the implementation details? is there any information how it was done? I thought the cleanest way to do it was via a "positive / negative" tax rate, which has low bureaucratic overhead?
@pol_9000 @oblomov @codinghorror Isn't that more-or-less UBI with appropriate adjustments to the income tax thresholds and/or the upper rates? Albeit with a lag factor added of course - you need to consider the previous period's income before deciding to pay people or not - vs UBI being immediately available and the clawback being the part that lags?
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@pol_9000 @oblomov @codinghorror Isn't that more-or-less UBI with appropriate adjustments to the income tax thresholds and/or the upper rates? Albeit with a lag factor added of course - you need to consider the previous period's income before deciding to pay people or not - vs UBI being immediately available and the clawback being the part that lags?
@brad @pol_9000 @codinghorror and that's a nontrivial factor. Especially for those more in need, 300 now (UBI) may be more important than 700 down the line (MGI)
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"Guaranteed Minimum Income isn't 'less progressive'. It's more practical. GMI puts the resources where they actually belong: with the people who are struggling, not in the mailboxes of the wealthy... and as a very wealthy person myself: hell no." https://www.reddit.com/r/BasicIncome/comments/1qvngza/comment/o9gt50u/
@codinghorror Can't you implement the same by implementing UBI and raising income tax at the same time?