- Nov 16, 2015
Thing is, people can't actually eat tax credits! LOLlllllllllllllMany people will be surprised to learn that the UBI concept has supporters on the right.
Charles Murray, a U.S libertarian leaning conservative, supports the universal basic income.
Milton Friedman supported a version of it called the "negative income tax".
Supporters on the right see it as a more efficient replacement for the current welfare system and a grand compromise with the left and centrists for an overall smaller and less intrusive government.
Typically, they advocate that it should be introduced in combination with a flat tax and a commitment to balanced budgets.
Personally, I'm agnostic about the concept.
I see a lot of potential pitfalls, particularly in regard to welfare tourism.
While I'd have no objection to a randomised trial for a UBI, some sort of earned income tax credit would probably be a more sensible option -- at least for now.
Capitalism contains within itself the seeds of it's own destruction. It wants to produce lots of stuff to sell. But it really hates having to pay it's workers anything. And it also really hates paying any tax at all to the state to fund social programs. And if the workers have all starved to death or died of exposure and they get nothing from the state, or have no money because they have all been replaced by unpaid robots then of course they can't afford to buy anything. So in the end who is left to buy all the useless shit produced??
Even the right are starting to see how absurd the basic premises are. So they are starting to look at the idea of the state giving a small basic income to the serfs so they can keep the whole absurd capitalist charade going for a little bit longer.
And anyway why not pay the great unwashed a modest stipend to house and feed them and keep them alive? After all, isn't that the whole point of having a society in the first place? i.e. To collectively work together to create a system to help us all to survive. And we've been happily giving huge amounts of free printed money to rich banks and other enterprises for ages with little or no outcry. So why not a basic income for the little guy?