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posted by martyb on Monday October 15 2018, @05:18AM   Printer-friendly
from the perpetual-motion dept.

Think of it: The government prints more money or perhaps — god forbid — it taxes some corporate profits, then it showers the cash down on the people so they can continue to spend. As a result, more and more capital accumulates at the top. And with that capital comes more power to dictate the terms governing human existence.

UBI really just turns us from stakeholders or even citizens to mere consumers.

Meanwhile, UBI also obviates the need for people to consider true alternatives to living lives as passive consumers. Solutions like platform cooperatives, alternative currencies, favor banks, or employee-owned businesses, which actually threaten the status quo under which extractive monopolies have thrived, will seem unnecessary. Why bother signing up for the revolution if our bellies are full? Or just full enough?

Under the guise of compassion, UBI really just turns us from stakeholders or even citizens to mere consumers. Once the ability to create or exchange value is stripped from us, all we can do with every consumptive act is deliver more power to people who can finally, without any exaggeration, be called our corporate overlords.

No, income is nothing but a booby prize. If we're going to get a handout, we should demand not an allowance but assets. That's right: an ownership stake.

https://medium.com/s/powertrip/universal-basic-income-is-silicon-valleys-latest-scam-fd3e130b69a0


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  • (Score: 4, Interesting) by Anonymous Coward on Monday October 15 2018, @08:30AM (74 children)

    by Anonymous Coward on Monday October 15 2018, @08:30AM (#748892)

    Long ago many of the Greek citizens had slaves working for them so they could come up with bullshit, epic level bullshit or actually insightful/useful stuff that people remember and use many centuries later, while not having to toil their own fields. So if automated factories, mines and robots take the place of the slaves, why would a future where most humans are "idle" be such a bad thing?

    When a man's stomach is full it makes no difference whether he is rich or poor.
    ~ Euripides

    Poverty is the parent of revolution and crime.
    ~ Aristotle

    And why would it be such a bad thing for the people themselves if they keep getting a reasonable amount and quality of Bread and Circuses? The Bread has to be real but the Circuses don't all have to be. Lots of people are pretty happy with movies, TV series, music, computer games, etc.

    Modern society is already quite complicated and interdependent. So being even more dependent on others isn't a big thing.

    Only a minority of humans can hunt well enough with tools that they make completely from scratch (e.g. bow, arrows and bow strings). And more importantly there just isn't enough "wilderness" out there for 7+ billion people to all do that sort of thing. There are only 4 billion hectares of forest out there. Just about a football field of forest for each person. The larger edible wild animals would go extinct pretty fast if everyone went and "lived free".

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  • (Score: 2, Informative) by rleigh on Monday October 15 2018, @08:58AM (63 children)

    by rleigh (4887) on Monday October 15 2018, @08:58AM (#748903) Homepage

    It's bad because merely being fed and entertained isn't enough. Merely existing isn't enough. People need purpose in life and pride in themselves and their achievements. People don't like being utterly dependent upon others, and denied the ability to achieve, it's psychologically devastating. There's a reason why a lack of purpose is a prime cause of drug addiction and suicide due to a sense of worthlessness and hopelessness. We need more than that.

    • (Score: 0) by Anonymous Coward on Monday October 15 2018, @09:19AM (31 children)

      by Anonymous Coward on Monday October 15 2018, @09:19AM (#748917)

      People need purpose in life and pride in themselves and their achievements.

      When people have no talent for creation, their only avenue for "achievements" is destruction. Do we *really* need hordes of dumb criminals?
      Let them while away their time destroying virtual stuff and gaining in-game achievements to their hearts' content. The less of real-world living people and animals get hurt and real-world stuff destroyed, the better for all.

      • (Score: 2) by rleigh on Monday October 15 2018, @09:32AM (30 children)

        by rleigh (4887) on Monday October 15 2018, @09:32AM (#748920) Homepage

        Pretty much everyone has the capacity to create. Most of us are not "dumb criminals". Work is a creative outlet for most of us. In its absence, many would be denied to opportunity to make any difference to the world. We already see the destructive effects for people trapped on welfare dependency, and UBI takes that to the next level.

        By "destroying virtual stuff" I take it you mean playing computer games. Gaming is fundamentally meaningless and unproductive. Fun for an hour or so, but not the basis of a meaningful and happy existence. I can't believe you are even seriously making that suggestion; it belies any serious consideration of the situation, and belittles the reality many people already have to face.

        • (Score: 0) by Anonymous Coward on Monday October 15 2018, @10:11AM (8 children)

          by Anonymous Coward on Monday October 15 2018, @10:11AM (#748936)

          Pretty much everyone has the capacity to create.

          Most of the populace hides it quite perfectly. If you cannot offer a reliable way to unhide it, truth or falsity of your hypothesis means precisely nothing.

          Gaming is fundamentally meaningless and unproductive.

          What percent of usual hobbies are meaningful and productive? What percent of regular jobs, come to that?
          A person doing the work doable by a robot or a program, is by definition not more creative than said robot or program. Same as with a slave turning a wheel in place of a horse; when a human being gets reduced to a draft animal, it's "meaningful" all right but with the wrong type of meaning.

          • (Score: 3, Interesting) by rleigh on Monday October 15 2018, @01:08PM (5 children)

            by rleigh (4887) on Monday October 15 2018, @01:08PM (#748998) Homepage

            "Most of the populace hides it quite perfectly."

            I find your attitude regarding your fellow human beings revolting. Given the opportunity, most of us have the aptitude to make something of ourselves. All of us can contribute something to society at large, no matter how small or insignificant. You don't need to be one of the elite to be useful and have purpose.

            "What percent of usual hobbies are meaningful and productive?"

            It doesn't matter whether your or I think something lacks meaning or is unproductive. Hobbies aren't meant to be so. The meaning lies solely within the person doing the hobby. It has meaning *for them*. But... hobbies alone aren't sufficient for most people to be the sole focus of our lives. We have family, friends, jobs, and other things going on; the hobby activities fill the fits of free time we fit around all the other stuff. We all need things in our live which provide the purpose and meaning which motivates us to get up, and live in the real world. UBI would remove that for a significant number of people. The incentive to get up, go out and earn some money to keep your family going is really important; our society isn't organised the way it is by accident, and we topple the key pillars of the stability of our society at our peril.

            Gaming can be an interesting diversion. But it's not a substitute for real life. It's a waste of your life if not indulged in with some degree of moderation and self-control. It can't substitute for the meaning and satisfaction gained from doing real stuff that affects the real world, not for most people. Even the most casual conversation with a stranger has more meaning and importance then self-indulgent time wasting.

            • (Score: 3, Touché) by Anonymous Coward on Monday October 15 2018, @02:19PM

              by Anonymous Coward on Monday October 15 2018, @02:19PM (#749042)

              I find your attitude regarding your fellow human beings revolting.

              And I find your attitude placing your emotions before demonstrable facts lunatic. So what? You, I, and the populace are what we are.

              Given the opportunity, most of us have the aptitude to make something of ourselves.

              Once more: WHAT aptitude has someone with an IQ of 70 in a world of robots and (simplistic) AIs? Stop regurgitating sound bites and THINK.

              It doesn't matter whether your or I think something lacks meaning or is unproductive.

              Now you start contradicting yourself: "Gaming is fundamentally meaningless and unproductive." is what you argued just ONE message ago. Doublethink, or amnesia?

              The incentive to get up, go out and earn some money to keep your family going is really important

              Yeah, sure it is. https://en.wikipedia.org/wiki/Penal_labour#Punitive_versus_productive_labour [wikipedia.org]

            • (Score: 5, Informative) by c0lo on Monday October 15 2018, @02:26PM

              by c0lo (156) Subscriber Badge on Monday October 15 2018, @02:26PM (#749044) Journal

              Given the opportunity, most of us have the aptitude to make something of ourselves. All of us can contribute something to society at large, no matter how small or insignificant.

              And... exactly how UBI suddenly robs such a person of the aptitude of making something of himself?

              This is like saying "A trapeze artist will suddenly lose his aptitude if he trains with a safety net".
              Because UBI is exactly that: a safety net arresting your financial fall if you drop hard from what you are attempting.

              --
              https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
            • (Score: 1) by khallow on Monday October 15 2018, @10:09PM (2 children)

              by khallow (3766) Subscriber Badge on Monday October 15 2018, @10:09PM (#749246) Journal

              "Most of the populace hides it quite perfectly."

              I find your attitude regarding your fellow human beings revolting. Given the opportunity, most of us have the aptitude to make something of ourselves. All of us can contribute something to society at large, no matter how small or insignificant. You don't need to be one of the elite to be useful and have purpose.

              I see nothing in your post indicating that the attitude is wrong. I'll note here that a better approach would be to note that if there really were an overwhelming population of destroyers versus creators, we wouldn't have a civilization in the first place.

              Gaming can be an interesting diversion. But it's not a substitute for real life. It's a waste of your life if not indulged in with some degree of moderation and self-control. It can't substitute for the meaning and satisfaction gained from doing real stuff that affects the real world, not for most people. Even the most casual conversation with a stranger has more meaning and importance then self-indulgent time wasting.

              Gaming is one way to get those most casual conversations with strangers on the other side of the world. It's not bad communication-wise as hobbies go, if you're playing massive multi-player.

              My view on this is that this is much like genetic expression. A gene "expresses" itself, if it has some concrete effect on the world. If that effect is positive to the organisms ability to survive and reproduce, then the gene survives to spread itself through the population. Similarly, when we do stuff in the real world, be it a job or a "hobby" with real world application, we influence the world in a way that improves our survival and improves further our ability to shape the world. A UBIer with a full time hobby of games may be improving themselves, but they don't have independence. They won't have much ability to control their lives, if someone pulls the plug on their UBI.

              • (Score: 0) by Anonymous Coward on Tuesday October 16 2018, @03:38AM (1 child)

                by Anonymous Coward on Tuesday October 16 2018, @03:38AM (#749385)

                A UBIer with a full time hobby of games may be improving themselves, but they don't have independence. They won't have much ability to control their lives, if someone pulls the plug on their UBI.

                Same goes for lots of people with jobs. Heck in the USA their health care is often tied to their job.

                Those people would have even less power and freedom than the UBI consumers the submitter objects to - since they would have to work to live - they would be shackled to their jobs for many hours a day for a wage that won't go up if the robots don't get more expensive or worse. There are plenty of people in the world who don't have independence from their jobs. And a minority that if freed from having to do their jobs might actually come up with stuff that's interesting or even useful to many others, even if it would be a one time thing and not a "job".

                Right now the robots are far from good enough to most people's jobs for cheap enough. But if the robots get good and cheap enough, why should people be forced to compete against the robots just to survive? That's just a race to the bottom.

                Just think of the Chinese and Indian workers as the first wave of robots. Are the jobs they took really coming back to the USA? The Chinese workers can still compete with the robots for now. And they certainly can outcompete many workers in the USA: https://www.npr.org/sections/thetwo-way/2013/01/16/169528579/outsourced-employee-sends-own-job-to-china-surfs-web [npr.org]

                "All told, it looked like he earned several hundred thousand dollars a year, and only had to pay the Chinese consulting firm about fifty grand annually,"

                "code was clean, well written, and submitted in a timely fashion. Quarter after quarter, his performance review noted him as the best developer in the building,"

                The Chinese companies are looking to replace those workers with robots. They will be forced to climb up the ladder to escape the robots, or die. Guess whose jobs some of those workers will take?

                • (Score: 1) by khallow on Tuesday October 16 2018, @04:01AM

                  by khallow (3766) Subscriber Badge on Tuesday October 16 2018, @04:01AM (#749392) Journal

                  A UBIer with a full time hobby of games may be improving themselves, but they don't have independence. They won't have much ability to control their lives, if someone pulls the plug on their UBI.

                  Same goes for lots of people with jobs. Heck in the USA their health care is often tied to their job.

                  Well, if you pulled their UBI, they'd still be employed. If you pulled their job, they can always find another. It's not like a UBI where you can't find another sugar daddy.

          • (Score: 0) by Anonymous Coward on Monday October 15 2018, @02:04PM (1 child)

            by Anonymous Coward on Monday October 15 2018, @02:04PM (#749029)

            Many industries have developed out of hobbies - PC's, most things electronic, aeroplanes, rockets, drones, SCUBA. travel, GNU, linux.

            • (Score: 2) by rleigh on Monday October 15 2018, @08:45PM

              by rleigh (4887) on Monday October 15 2018, @08:45PM (#749216) Homepage

              While this is certainly true, it does not imply that it is sustainable or desirable for society at large to live this way.

        • (Score: 2) by sjames on Monday October 15 2018, @03:50PM (20 children)

          by sjames (2882) on Monday October 15 2018, @03:50PM (#749099) Journal

          "Want fries with that?" is not a creative outlet. But if enough people (for example, every citizen) is in a position where they can quit and do arts and crafts instead (perhaps beautify the neighborhood or sell their creations), employers will need to either pay a lot more and offer a better work/life balance so their employees can find a creative outlet or find a way for the work to be a creative outlet for the employees.

          • (Score: 0) by Anonymous Coward on Monday October 15 2018, @05:04PM (19 children)

            by Anonymous Coward on Monday October 15 2018, @05:04PM (#749136)

            Which is why Indian reservations aren't dumps.

            Oh, wait

            • (Score: 2) by fyngyrz on Monday October 15 2018, @06:32PM

              by fyngyrz (6567) on Monday October 15 2018, @06:32PM (#749170) Journal

              Which is why Indian reservations aren't dumps.

              The key cause of reservations (and city ghettos, and religious compounds) becoming, and remaining, dumps arises because:

              (a) It's easy to lever geographically isolated individuals into culturally isolated insular cliques using little more than nonsensical finger-pointing at a claimed "enemy", and...

              (b) Because almost every time such an insular clique forms, it generates its own patois and style which serve to form a very strong basis for everyone else isolating the group. Or IOW, the enemy now actually exists.

              Once the cultural isolation reaches a critical point, most people inside don't reach out, and most people outside don't reach in — the isolated group descends deeply into antisocial patterns and the end result is terrible to behold. Very few people, relatively speaking, manage to pull themselves out of that kind of muck.

              Once you've invested in your own special set of pseudo-identity-based isolationist rationales and complemented that with behaviors that "outsiders" will find repugnant or difficult to comprehend, you're done, and those "outsiders" will promptly stick a fork in you.

              FYI, I have lived, longish-term, in two different ghettos (10y, 4y) and presently live right next door to an indian reservation (30y.) All three were, and remain, outright hellholes.

            • (Score: 2) by sjames on Monday October 15 2018, @07:29PM (17 children)

              by sjames (2882) on Monday October 15 2018, @07:29PM (#749190) Journal

              There are many reasons the reservations are dumps. A big one is that the various government programs all carry strings that prevent exactly the things I suggested as outlets.

              The one case where that has changed is overwhelmed by the baggage of several generations growing up under a system where the strings were firmly attached.

              We need to get rid of those strings ASAP so as to not train more people to fail.

              • (Score: 1) by khallow on Monday October 15 2018, @11:50PM (16 children)

                by khallow (3766) Subscriber Badge on Monday October 15 2018, @11:50PM (#749295) Journal

                We need to get rid of those strings ASAP so as to not train more people to fail.

                Just remember that UBI is a string as well.

                • (Score: 2) by sjames on Tuesday October 16 2018, @12:01AM (15 children)

                  by sjames (2882) on Tuesday October 16 2018, @12:01AM (#749299) Journal

                  Nope. You get the money, you do what you want with it.

                  • (Score: 1) by khallow on Tuesday October 16 2018, @12:17AM (14 children)

                    by khallow (3766) Subscriber Badge on Tuesday October 16 2018, @12:17AM (#749311) Journal

                    Nope. You get the money, you do what you want with it.

                    Unless you don't get the money. Leaving the country and renouncing citizenship would be one such way to lose UBI. And of course, laws can be passed to remove or reduce UBI for any scary circumstance that the legislatures or security apparatus can dream up. It'd be a sleazy way to cut costs of the program, should they overcommit spending to it.

                    In addition, what hoops will you need to jump through to show that you're who you claim you are and deserve that UBI check? What information will you need to give to the authorities? Even a relatively innocuous program like this is an avenue for government authorities to exert control over you and extract information about you.

                    • (Score: 4, Touché) by sjames on Tuesday October 16 2018, @01:39AM (13 children)

                      by sjames (2882) on Tuesday October 16 2018, @01:39AM (#749340) Journal

                      It takes a lot less than that to lose your job.

                      Your argument reeks of desperation.

                      • (Score: 1) by khallow on Tuesday October 16 2018, @04:02AM (12 children)

                        by khallow (3766) Subscriber Badge on Tuesday October 16 2018, @04:02AM (#749393) Journal

                        It takes a lot less than that to lose your job.

                        And it takes a lot less than that to get another job.

                        • (Score: 2) by sjames on Tuesday October 16 2018, @06:26AM (11 children)

                          by sjames (2882) on Tuesday October 16 2018, @06:26AM (#749420) Journal

                          Also, you should look up the meaning of "no strings attached". You are probably deliberately stretching the meaning just to have a pseudo argument, but just In case, I suggest looking it up.

                          • (Score: 1) by khallow on Tuesday October 16 2018, @01:59PM (10 children)

                            by khallow (3766) Subscriber Badge on Tuesday October 16 2018, @01:59PM (#749524) Journal
                            Your argument is a non sequitur. Just because other choices have problems doesn't mean that UBI doesn't have strings. I've already noted the primary strings.
                            • (Score: 2) by sjames on Tuesday October 16 2018, @03:25PM (9 children)

                              by sjames (2882) on Tuesday October 16 2018, @03:25PM (#749552) Journal

                              Here's a hint, those might be risks or concerns (and some easily avoided), but they are not strings attached. REALLY, go look up what that expression means!

                              • (Score: 1) by khallow on Tuesday October 16 2018, @05:19PM (8 children)

                                by khallow (3766) Subscriber Badge on Tuesday October 16 2018, @05:19PM (#749603) Journal
                                So you don't think those strings are strings? Is that supposed to be relevant? You made an erroneous claim. I corrected it. Now, you're arguing semantics.

                                The problem here is that every government program that doles out money has strings attached by implication. For example, they don't need to gather information about you in order to write UBI checks. But that will become necessary when my 500 children (John0 through John499, of course) start collecting UBI checks. Fraud and deceit always creep into any consideration of public goods like the UBI. The reactions to that invariably create strings.

                                Similarly, once money is doled out, someone will desire to use that stream of funds to influence or control the general population. It's human nature to meddle, and the existence of the UBI provides a great lever for such. That's another string.

                                And of course, I mentioned the obvious, that you have to stay a citizen in order to get the UBI. That creates an even higher barrier to exit for people in the US. I'll note here that one of the key ways to reduce income and wealth inequality is to allow freer movement of people.
                                • (Score: 2) by sjames on Tuesday October 16 2018, @05:58PM (7 children)

                                  by sjames (2882) on Tuesday October 16 2018, @05:58PM (#749617) Journal

                                  Sorry no. You don't get to redefine words. You get the money with no strings attached. There exist risks that you may not continue getting money, but that's not related to how you choose to spend what you already got unless you foolishly contribute it to a right winger's campaign.

                                  As for your arguments that it encourages you to stay in the U.S., what do you suggest? "OMG NO! We can't make the U.S. that good of a place to live, people might want to stay!!!". Perhaps we should turn the U.S. into a "third world shit hole" so people won't feel compelled to stay?

                                  • (Score: 1) by khallow on Tuesday October 16 2018, @06:36PM (6 children)

                                    by khallow (3766) Subscriber Badge on Tuesday October 16 2018, @06:36PM (#749636) Journal

                                    but that's not related to how you choose to spend

                                    Why are you only looking at that for your strings? I think you should just reread my posts and realize thereafter that strings not only manifest in constraints on how one spends money.

                                    As for your arguments that it encourages you to stay in the U.S., what do you suggest? "OMG NO! We can't make the U.S. that good of a place to live, people might want to stay!!!". Perhaps we should turn the U.S. into a "third world shit hole" so people won't feel compelled to stay?

                                    What happens if the US no longer is such a wonderful place to stay, for example, because of a theocratic takeover of the country? It's not a strong string, but it is a string that complicates your efforts (and the efforts of your friends and family) to get out.

                                    • (Score: 2) by sjames on Tuesday October 16 2018, @07:22PM (5 children)

                                      by sjames (2882) on Tuesday October 16 2018, @07:22PM (#749644) Journal

                                      Why are you only looking at that for your strings?

                                      Because that is what is meant by no strings attached. It always has been. I said it that way to specifically contrast it with current safety net programs that fain due to significant strings being attached.

                                      Otherwise, we can all be deeply concerned that if an asteroid ghits the earth, your job may be gone and other potential employers dead.

                                      Now SHOO! Go buy a dictionary, or at least read this [thefreedictionary.com].

                                      • (Score: 1) by khallow on Tuesday October 16 2018, @11:11PM (4 children)

                                        by khallow (3766) Subscriber Badge on Tuesday October 16 2018, @11:11PM (#749697) Journal

                                        Because that is what is meant by no strings attached.

                                        From your own link:

                                        With or having no special conditions, restrictions, obligations, or arrangements that must be met.

                                        I already noted three things that qualify. The first counts as a special condition. Create a UBI and someone will need a bunch of info and power to prevent fraud. The second is an implicit obligation. Create the UBI and it will need to be defended from the busy bodies who will want to use it as a societal modification tool (particularly difficult since it was created for that purpose). And finally, the bit about having to retain citizenship in order to continue to receive the UBI is a typical restriction.

                                        Now that we've settled that, I'll summarize my side. I merely pointed out that UBI has some strings attached to itself. It's nowhere as bad as poorly designed needs-base stuff that encourages people to stay in poverty. But they are there.

                                        • (Score: 2) by sjames on Wednesday October 17 2018, @12:21AM (3 children)

                                          by sjames (2882) on Wednesday October 17 2018, @12:21AM (#749718) Journal

                                          It's funny how everybody I have ever spoken with but you shares my understanding of the phrase.

                                          But note that your rather over-broad definition of strings attached covers literally everything including breathing since nobody is guaranteed their next breath.

                                          But you do seem at last to see my point. Without the means testing and restrictions on how it can be spent, it avoids being a poverty trap.

                                          • (Score: 1) by khallow on Wednesday October 17 2018, @01:38AM (2 children)

                                            by khallow (3766) Subscriber Badge on Wednesday October 17 2018, @01:38AM (#749760) Journal

                                            It's funny how everybody I have ever spoken with but you shares my understanding of the phrase.

                                            The dictionary shares my understanding of the phrase too.

                                            • (Score: 2) by sjames on Wednesday October 17 2018, @02:13AM (1 child)

                                              by sjames (2882) on Wednesday October 17 2018, @02:13AM (#749777) Journal

                                              Only if you read it sideways with the wrong prescription glasses.

                                              • (Score: 1) by khallow on Wednesday October 17 2018, @10:40AM

                                                by khallow (3766) Subscriber Badge on Wednesday October 17 2018, @10:40AM (#749898) Journal
                                                Sorry, I walked through the definition and showed how it fit what we were speaking of. We're done here.
    • (Score: 5, Insightful) by NotSanguine on Monday October 15 2018, @09:40AM (20 children)

      It's bad because merely being fed and entertained isn't enough. Merely existing isn't enough. People need purpose in life and pride in themselves and their achievements. People don't like being utterly dependent upon others, and denied the ability to achieve, it's psychologically devastating. There's a reason why a lack of purpose is a prime cause of drug addiction and suicide due to a sense of worthlessness and hopelessness. We need more than that.

      And how would UBI make humans unwilling to create purpose in their lives? How many hours a week does a guy like Elon Musk or Jeff Bezos work? They have the means to never work another moment again. Forever.

      Why do they do it? Because they create purpose and drive themselves forward. Most of us do this, even if we don't have bazillions of dollars.

      It seems to me that not having to worry about things like a roof or basic foodstuffs would *encourage* innovation, risk taking and entrepreneurship.

      Given how difficult and prone to failure it is to create/develop a new idea/product/service, even if you have the desire to do so, if you have a crap, boring job that pays just enough to feed you and your family, you're not going to give it up to try and start a business which might be really successful.

      As such, if you didn't have to worry about your kids going hungry or being homeless, many, many more people would use their capabilities for innovation, creation (whether that be a product, a service or art) and starting their own businesses. But if they know that if they fail (or even if it takes a while to succeed), they and their kids will be out in the street, most people will choose their crap job.

      Beyond that, there's a pretty good *capitalist* economic argument too. Our economy is highly dependent on consumer spending. Broadening the base of those with money to spend will grow the economy much more than having the bulk of wealth and income concentrated in a small percentage of the population. From a medium to long term perspective, making sure *everyone* can consume will bolster the economy, not hurt it.

      Please note that I'm not saying that UBI is the only way, or even the right way to broaden the distribution of income/wealth, but what we're doing now wastes so much human potential as well as being a drag on the economy.

      If we don't do *something*, things are going to get really ugly. Fortunately for me, I'm old enough that I'll probably be dead before things get that bad. But that will be little comfort to those 30 and under.

      Making sure that everyone in the richest country on this planet is housed, fed and reasonably well educated would be a huge boon to all of us.

      --
      No, no, you're not thinking; you're just being logical. --Niels Bohr
      • (Score: 0) by Anonymous Coward on Monday October 15 2018, @09:59AM

        by Anonymous Coward on Monday October 15 2018, @09:59AM (#748933)

        This would explain the high rate of alcoholism among all the retired people around me and in the soviet union.

      • (Score: 1, Troll) by rleigh on Monday October 15 2018, @01:20PM (18 children)

        by rleigh (4887) on Monday October 15 2018, @01:20PM (#749002) Homepage

        > And how would UBI make humans unwilling to create purpose in their lives? How many hours a week does a guy like Elon Musk or Jeff Bezos work? They have the means to never work another moment again. Forever.

        > Why do they do it? Because they create purpose and drive themselves forward. Most of us do this, even if we don't have bazillions of dollars.

        > It seems to me that not having to worry about things like a roof or basic foodstuffs would *encourage* innovation, risk taking and entrepreneurship.

        It's a lovely idea in theory. In practice the evidence is completely to the contrary, with welfare dependency being a cycle of despair and ruin for many. I've seen it first hand. It's not called the "welfare trap" for nothing.

        The Musk/Bezos example is a poor one. Suppose you were like one of them, with amazing ideas. But with UBI, you might well not have the agency to put those ideas into practice because you're an unemployed layabout with no connections to get a job somewhere you could actually make something of your ideas. I have lots of ideas, but I can't make anything of them alone. Being given the freedom to pursue them is nice, but not necessarily going to be as fulfilling or productive as doing it in the context of a commercial organisation.

        Having good ideas and motivation doesn't matter if you don't have the agency to realise it. UBI could end up crushing people because it actively prevents them from pursuing their dreams. The basic income can be a trap, robbing people of the motivation to better themselves and their condition. I often wonder about how many lives have been robbed of their potential due to the welfare state sapping people of the drive to push themselves further. And I think UBI would be even worse than that.

        • (Score: 5, Informative) by Bobs on Monday October 15 2018, @02:01PM (14 children)

          by Bobs (1462) on Monday October 15 2018, @02:01PM (#749028)

          You seem to be missing the point of UBI: a basic income that provides the freedom/opportunity to choose how to spend your time.

          Think of the alternative options: the “welfare trap” you spoke of was because welfare is means tested and if you get a job to improve your situation, you start losing all the support - food, housing, income, that has been helping you to get by. With UBI you keep it when you take on additional work - there is no “ trap”. Those who want to work, make art, teach, start a business, whatever, have the opportunity to do so without the risk of being homeless or starving to death.

          Minimum wage jobs, can also be a trap because between the work and the commuting and the costs involved you often don’t have opportunity for much of anything else, and typically don’t make enough to get by on.

          In a few years, 70%+ of jobs will be done better, faster, cheaper and with higher quality by robots and AI. What sort of meaningful, paid work will the displaced people be able to do? Talk about despair for them. UBI gives them a choice and hope. What is the alternative for them?

          • (Score: 0) by Anonymous Coward on Monday October 15 2018, @02:29PM (13 children)

            by Anonymous Coward on Monday October 15 2018, @02:29PM (#749047)

            Think of the alternative options: the “welfare trap” you spoke of was because welfare is means tested and if you get a job to improve your situation, you start losing all the support - food, housing, income, that has been helping you to get by. With UBI you keep it when you take on additional work - there is no “ trap”. Those who want to work, make art, teach, start a business, whatever, have the opportunity to do so without the risk of being homeless or starving to death.

            Where's the money for UBI coming from? So you think you're free to start a business with UBI and the taxes will not be so prohibitive as to have effectively landed everyone in the welfare trap? Then, as always under socialism, the mass starvations will come!

            • (Score: 2) by sjames on Monday October 15 2018, @04:07PM (12 children)

              by sjames (2882) on Monday October 15 2018, @04:07PM (#749106) Journal

              As long as the tax is less than 100% and you continue to receive UBI, you will always be better off for running your business.

              • (Score: 0) by Anonymous Coward on Monday October 15 2018, @04:52PM (10 children)

                by Anonymous Coward on Monday October 15 2018, @04:52PM (#749126)

                As long as the tax is less than 100% and you continue to receive UBI, you will always be better off for running your business.

                Yes, business is great under "not real" socialism! [spectator.co.uk]

                • (Score: 2) by sjames on Monday October 15 2018, @07:16PM (9 children)

                  by sjames (2882) on Monday October 15 2018, @07:16PM (#749184) Journal

                  The only person suggesting that strawman as a model for the U.S. is you.

                  • (Score: 1) by khallow on Tuesday October 16 2018, @12:23AM (8 children)

                    by khallow (3766) Subscriber Badge on Tuesday October 16 2018, @12:23AM (#749314) Journal

                    As long as the tax is less than 100%

                    Um, no. Someone suggested something really stupid. That tax better be a lot less than 100% or we won't see those businesses.

                    • (Score: 2) by sjames on Tuesday October 16 2018, @01:42AM (7 children)

                      by sjames (2882) on Tuesday October 16 2018, @01:42AM (#749342) Journal

                      It should be a lot less, but my criterion is a measure of the worst case.

                      • (Score: 1) by khallow on Tuesday October 16 2018, @04:04AM (6 children)

                        by khallow (3766) Subscriber Badge on Tuesday October 16 2018, @04:04AM (#749395) Journal
                        If the tax is anywhere near 100%, you're not getting those businesses. Sorry, mentioning the worst case like that is not the message you might have thought you were saying.
                        • (Score: 2) by sjames on Tuesday October 16 2018, @06:29AM (5 children)

                          by sjames (2882) on Tuesday October 16 2018, @06:29AM (#749421) Journal

                          Why not? You're still better off for running it.

                          • (Score: 1) by khallow on Tuesday October 16 2018, @02:25PM (4 children)

                            by khallow (3766) Subscriber Badge on Tuesday October 16 2018, @02:25PM (#749536) Journal

                            Why not? You're still better off for running it.

                            Because that's not true. If I see ten cents of every dollar my business earns, what's in it for me? Remember one of the key arguments for UBI is that it reduces the risks associated with doing something new. Well, you have to consider the other side too for a non-hobby, the reward. Greatly reducing the reward for starting a business is very similar to increasing the risk. In the above case, by reducing the reward for starting a business by an order of magnitude is similar to increasing the risk by an order of magnitude, once you get to businesses that have profit potential much larger than the UBI.

                            • (Score: 2) by sjames on Tuesday October 16 2018, @03:39PM (3 children)

                              by sjames (2882) on Tuesday October 16 2018, @03:39PM (#749559) Journal

                              If that's just not enough for you, don't do it. Someone else will. You can just keep it at hobby level or choose something else. But keep in mind that if you're in that tax bracket, those dimes on the dollar are probably enough to fund a fairly lavish lifestyle and my guess is that you won't want to give it up.

                              You'll whine and moan to your butler about how "hard" life is and "threaten" to give it all up, but at the end of the day your greed will drive you to show up tomorrow and keep doing it.

                              • (Score: 1) by khallow on Tuesday October 16 2018, @05:22PM (2 children)

                                by khallow (3766) Subscriber Badge on Tuesday October 16 2018, @05:22PM (#749604) Journal

                                If that's just not enough for you, don't do it. Someone else will.

                                Why? High taxes hurt them as much as they hurt me. The sharply reduced reward still remains.

                                But keep in mind that if you're in that tax bracket, those dimes on the dollar are probably enough to fund a fairly lavish lifestyle and my guess is that you won't want to give it up.

                                Unless, of course, they don't bother because the reward isn't worth the risk.

                                Meanwhile in other countries with a much lower tax rate, new businesses will start up which routinely form zero profit subsidiaries in high tax land.

                                • (Score: 2) by sjames on Tuesday October 16 2018, @05:47PM (1 child)

                                  by sjames (2882) on Tuesday October 16 2018, @05:47PM (#749611) Journal

                                  Khallow is threatening to take his marbles and stomp off in a huff! OH NOES! Whatever will we do?!?

                                  Oh, I know: "BYE BYE! Don't let the door hit you where the Good Lord split you!"

                                  Hint: At one point, the Beatles were paying 95% in taxes. They didn't quit.

                                  • (Score: 1) by khallow on Tuesday October 16 2018, @06:56PM

                                    by khallow (3766) Subscriber Badge on Tuesday October 16 2018, @06:56PM (#749640) Journal

                                    Hint: At one point, the Beatles were paying 95% in taxes. They didn't quit.

                                    Yea, right. [reddit.com]

                                    It is very hard to say since like all wealthy people they had excellent accountants who minimised their taxes as much as possible. But what the song taxman is referring to is the high marginal tax rate that Britain had at the time which was 83% on income over a certain amount. However that is not only what the song is referring to, it is mostly referring to the surtax. This tax was an additional tax on very high earners that took their highest bracket to around 95%.

                                    However whilst this number seems very high by the time Taxman came out in 1966 the Beatles were no longer paying that amount. Like today capital gains were taxed at the much lower rate of 30%. So Lennon and McCartney founded Northern Songs which went on the Stockmarket and thus allowed them to avoid the high tax rate and soon after that Harrison founded Harrissongs and Starr founded Startling Music for the same purpose as well as some other reasons to better promote their songs.

                                    Funny how there's always loopholes when these crazy high tax rates happen. So what appears to have happened here is that the Beatles got burned by these sky high taxes one year, took on competent tax advisors, and then only paid 30% thereafter.

                                    That doesn't quite fit the narrative, does it?

              • (Score: 0) by Anonymous Coward on Monday October 15 2018, @10:16PM

                by Anonymous Coward on Monday October 15 2018, @10:16PM (#749253)

                ^ this guy gets it

        • (Score: 5, Insightful) by NotSanguine on Monday October 15 2018, @03:35PM

          The Musk/Bezos example is a poor one. Suppose you were like one of them, with amazing ideas. But with UBI, you might well not have the agency to put those ideas into practice because you're an unemployed layabout with no connections to get a job somewhere you could actually make something of your ideas. I have lots of ideas, but I can't make anything of them alone. Being given the freedom to pursue them is nice, but not necessarily going to be as fulfilling or productive as doing it in the context of a commercial organisation.

          Not even a little bit. They are great examples. I used Musk and Bezos as examples for two reasons:
          1. They are people pretty much everyone knows. If I'd said Barb Henderson or Zvi Liebmann, you'd have no idea who I was talking about;
          2. They have no incentive to work *at all*, given that they have enough resources to support hundreds of people for centuries.

          Even though they have the resources to buy new fully furnished houses, complete with cars, clothes, food and pretty much anything they might want, and then throw it all away, every week for the rest of their lives without doing a lick of work, they work hard, because they have dreams, aspirations and purpose that goes far beyond just eating money.

          And most people are the same way (well except for the part about buying a new home every week and throwing it away). There are many, many amazingly talented and capable people out there who *could* be innovating, creating and making their communities more prosperous and productive. Instead *they* are caught in a trap. They don't have the means to pursue their dreams and goals, as they need to spend most of their waking hours working just to live paycheck to paycheck.

          I pointed out that UBI isn't the only, and may well not be the best way to help the *majority* of working-age people out of their own money trap.

          The vast majority who *are* working and, while they make ends meet, they often don't have much or any savings in case they have unexpected expenses like car problems, sick family members, etc. And if they lose their job, they are likely a month or so away from eviction. Sometimes, it doesn't even require you losing your job to be unable to cover the rent.

          Have you ever tried to hold down a job when you didn't have any place to shower? I have. It's damn near impossible to be presentable on a regular basis when you're homeless.

          As I said, we need to do *something* or this is gonna get real ugly. Then again, maybe that's what you'd like to see. If so, don't be disingenuous about it, have the courage of your convictions and just come right out and say you want to blow up our society.

          You don't seem to have a clear understanding about what it's like to be in the vast majority of people in this country.

          As to those on public assistance, that's become just a cruel joke on those (a tiny percentage of the population, BTW) who receive it.are *actively* discouraged from seeking work because their skill sets (Don't get me started on the incredible inequality in our school systems) will only allow them to get low paying jobs. Once they do that, they are smacked with a whole host of additional costs (commuting, child care, clothing, etc., etc., etc.) which eats away most (if not all or more) any additional cash flow than that which they get from public assistance.

          What's more, as soon as they do this, they are immediately cut off. Gee, let's think about that. If I go out and get a job paying me, say, US$14,000/annum, less taxes. Yes, I am aware that they will get a refund at the end of the year, but that money is still deducted from the ~US$270.00 per week. Call it %20 (or more, if there are state/local income taxes) on weekly basis. Have you tried to feed, clothe and house a family on a couple hundred bucks a week? Don't forget, they now need to commute, which costs money. And any children who aren't in school need to have child care. The cost for day care is often more than they take home.

          Even further, as soon as you take that job, you begin to lose various other benefits (this is dependent on where you are) like housing subsidies, food stamps, community outreach, and on and on and on.

          tl;dr: You're talking out of your ass, and it smells that way too.

          --
          No, no, you're not thinking; you're just being logical. --Niels Bohr
        • (Score: 2) by sjames on Monday October 15 2018, @04:00PM

          by sjames (2882) on Monday October 15 2018, @04:00PM (#749105) Journal

          Welfare fails because of the many strings attached. Show any sign of improving your lot in life and the rug gets pulled out from under you. You must regularly go through a ritual where you must kiss a petty bureaucrat's ass and satisfy them that you are trying and failing to find a suitably menial job. It's a trap because it is well designed to be a trap.

          UBI removes the strings and frees the recipient to do something meaningful to themselves and others.

        • (Score: 2) by dry on Tuesday October 16 2018, @05:30AM

          by dry (223) on Tuesday October 16 2018, @05:30AM (#749412) Journal

          The only evidence I'm aware of, where a UBI was tried, resulted in almost everyone still working with the exceptions being teenagers who spent more time getting educated instead of quitting school to help their families and mothers, who spent more time raising their young children.
          UBI is not welfare. People are still free to work.
          https://en.wikipedia.org/wiki/Mincome [wikipedia.org] in particular Dauphin where the recipients had no strings attached to their guaranteed income. Searching for Dauphin and UBI gives other sources as well.

    • (Score: 3, Interesting) by c0lo on Monday October 15 2018, @10:14AM (4 children)

      by c0lo (156) Subscriber Badge on Monday October 15 2018, @10:14AM (#748937) Journal

      Some people, only some people. Many go through life (if they are lucky) just content of getting through life. The Americans call it "pursuit of happiness", it's the basis of their dream.

      There's a reason why a lack of purpose is a prime cause of drug addiction and suicide due to a sense of worthlessness and hopelessness. We need more than that.

      And if you think at the amount of people that worth mentioning on a larger scale than their family/friends circle or be remembered longer than their life time, you realize that more than 99.9% of all of us that will achieve exactly that: go though an unremarkable life, different from any other only in a matter of insignificant details.

      --
      https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
      • (Score: 2, Disagree) by rleigh on Monday October 15 2018, @01:32PM (3 children)

        by rleigh (4887) on Monday October 15 2018, @01:32PM (#749010) Homepage

        > And if you think at the amount of people that worth mentioning on a larger scale than their family/friends circle or be remembered longer than their life time, you realize that more than 99.9% of all of us that will achieve exactly that: go though an unremarkable life, different from any other only in a matter of insignificant details.

        That's missing the point though. It doesn't matter whether you are or aren't remembered by society at large. What's important is that you felt *within yourself* that your life has meaning and purpose. Welfare and UBI take that away for many.

        • (Score: 3, Interesting) by c0lo on Monday October 15 2018, @02:12PM

          by c0lo (156) Subscriber Badge on Monday October 15 2018, @02:12PM (#749035) Journal

          That's missing the point though...What's important is that you felt *within yourself* that your life has meaning and purpose.

          (consider the context: " Merely existing isn't enough. People need purpose in life and pride in themselves and their achievements.")
          That's exactly the point: in reality most of the people are passing through the life with, statistically speaking, little consequences - their "achievements" are almost inconsequential for the world.

          However, as almost are "going through life just content of going through life", makes from this a thing something that actually keeps this world going.
          In other words "merely existing" is not to be dismissed as worthless, even if the individual "achievements" are so trivial that one may discount any of them from the bigger picture.

          Welfare and UBI take that away for many.

          Because those many are chasing something meaningless - whatever they "achieve" is weakly dependent on whatever wealth they can accumulate their entire life.
          Just ask TMB if he needs millions to go fishing or to fight "dick niggers" with regex-es on S/N.

          --
          https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
        • (Score: 2) by sjames on Monday October 15 2018, @04:17PM (1 child)

          by sjames (2882) on Monday October 15 2018, @04:17PM (#749110) Journal

          How would UBI take that away? I'd be willing to bet that doing a single painting (even one with zero artistic merit) and selling it for $1 at a garage sale would provide more sense of creation and more "immortality" than a lifetime of flopping whoppers or filing TPS reports in triplicate

          • (Score: 1) by khallow on Tuesday October 16 2018, @02:45PM

            by khallow (3766) Subscriber Badge on Tuesday October 16 2018, @02:45PM (#749546) Journal

            How would UBI take that away? I'd be willing to bet that doing a single painting (even one with zero artistic merit) and selling it for $1 at a garage sale would provide more sense of creation and more "immortality" than a lifetime of flopping whoppers or filing TPS reports in triplicate

            Let us keep in mind that even with a "lifetime of flopping whoppers or filing TPS reports in triplicate", you have the opportunity for promotion. And you're flipping burgers and filing TPS for a reason, which is to provide service to others. That can generate more of a sense of creation and more "immortality" than a mere throw-away piece of art. Depends on the person, I suppose.

    • (Score: 4, Insightful) by hemocyanin on Monday October 15 2018, @03:02PM (1 child)

      by hemocyanin (186) on Monday October 15 2018, @03:02PM (#749077) Journal

      Let us be honest about work -- most of the work done by the vast majority of people merely provides income, not purpose. Flipping burgers, filing documents, raking leaves -- it's just some necessary maintenance but isn't going to provide people with a great sense of purpose like they'd get from sending a robot to an asteroid. Very few people have that kind of meaningful and interesting work.

      • (Score: 0) by Anonymous Coward on Tuesday October 16 2018, @02:20AM

        by Anonymous Coward on Tuesday October 16 2018, @02:20AM (#749358)

        And yet, I've met people that took great satisfaction and purpose from taking care of old people, one of the low paying "menial" jobs that hasn't been mentioned here. Of course not everyone will be happy doing this job--as can be easily seen from talking to the workers at any senior residence or nursing home. But there is a core of these workers that really do care.

    • (Score: 2) by sjames on Monday October 15 2018, @03:45PM (2 children)

      by sjames (2882) on Monday October 15 2018, @03:45PM (#749098) Journal

      That is exactly why UBI is necessary. Consider how many people are utterly dependent on their employer and are in a dead end job. They're too busy working for their employer to do anything else.

      With UBI, they become LESS dependent on their employer and more able to find some way to advance. They gain the ability to try independent contracting without the downside of starving or becoming homeless between contracts. They can survive on UBI while they get a small business up to speed. And unlike the current programs they don't have to go through a regular ritual of kissing a petty bureaucrat's ass and proving that they are neither advancing or having any fun in order to continue surviving.

      Sounds like a big win.

      • (Score: 0) by Anonymous Coward on Tuesday October 16 2018, @02:23AM (1 child)

        by Anonymous Coward on Tuesday October 16 2018, @02:23AM (#749361)

        > Sounds like a big win.

        Think of all the social workers in the welfare system (many with degrees or advanced degrees)--UBI puts them right out of a job!

        • (Score: 2) by hendrikboom on Wednesday October 17 2018, @06:15PM

          by hendrikboom (1125) Subscriber Badge on Wednesday October 17 2018, @06:15PM (#750062) Homepage Journal

          Lack of UBI is not the only reason for social services. My daughter has a job analyzing peoples' needs when they leave hospital so that the right special facilities can be provided them.

  • (Score: 0) by Anonymous Coward on Monday October 15 2018, @06:23PM (1 child)

    by Anonymous Coward on Monday October 15 2018, @06:23PM (#749167)

    "So if automated factories, mines and robots take the place of the slaves, why would a future where most humans are "idle" be such a bad thing?"

    Do you really need it spelt out?

    Everyday citizens back then owned slaves to do their work for them. They received the money for the work done by the slaves.

    hint: Everyday citizens this time around won't own automated factories, mines and robots. Only that 1% at the top will. You won't be able to work (As the 1%'s robots will be doing it all) and you won't be able to afford sitting idle since nobody else will be doing your work for you to profit off of.

    • (Score: 2) by fyngyrz on Monday October 15 2018, @06:40PM

      by fyngyrz (6567) on Monday October 15 2018, @06:40PM (#749173) Journal

      Everyday citizens this time around won't don't own automated factories, mines and robots. Only that 1% at the top will do.

  • (Score: 1) by khallow on Monday October 15 2018, @09:22PM (7 children)

    by khallow (3766) Subscriber Badge on Monday October 15 2018, @09:22PM (#749226) Journal

    Long ago many of the Greek citizens had slaves working for them so they could come up with bullshit, epic level bullshit or actually insightful/useful stuff that people remember and use many centuries later, while not having to toil their own fields. So if automated factories, mines and robots take the place of the slaves, why would a future where most humans are "idle" be such a bad thing?

    Lack of power for one thing. Democracy in the developed world came from a population whose labor was valuable. They were able to force through changes because of that power. Take that away, and a key part of democracy is undermined.

    Instead, how about we not try to hasten the robot apocalypse and work on making human labor more valuable?

    • (Score: 0) by Anonymous Coward on Tuesday October 16 2018, @04:00AM (6 children)

      by Anonymous Coward on Tuesday October 16 2018, @04:00AM (#749391)
      Lack of power? How much more power does a wage slave have in a world where he is always in the danger of getting replaced by a robot or someone in a cheaper country?

      What's so wonderful and good about having to work to survive? Many of those Greeks who came up with Democracy didn't have to work to survive - they had slaves to do the work for them.

      Their slaves didn't have the right to vote. So much for labor giving you power and the ability to force through changes.

      So how would people with UBI have less power as long as they still had the right to vote?

      Most people in the world have very little power. And that's how it should be. Democracy allows them to decide who gets to accumulate and use some of that power. That way when shit happens at least it's shit that more of them deserve, than if some dictator got power and forced his shit on everyone.
      • (Score: 1) by khallow on Tuesday October 16 2018, @04:29AM (4 children)

        by khallow (3766) Subscriber Badge on Tuesday October 16 2018, @04:29AM (#749400) Journal

        What's so wonderful and good about having to work to survive? Many of those Greeks who came up with Democracy didn't have to work to survive - they had slaves to do the work for them.

        Socrates was a stonemason, soldier, and politician in addition to his philosophy career. A career as teacher or academic was common for thinkers of the time.

        A key reason why working to "survive" is a good thing is because you become versed in actual applications of your ideas and with the problems that result. A key problem with the intellectual-side Greeks is that for the most part they had little idea of how their ideas could be applied nor interest in doing so. So there were plenty of ideas spit out, but little work done to validate any of them.

        I think that was an important reason why so much of this was lost after the collapse of the Western Roman Empire. Like with the engineering technologies of the day, the knowledge of the ancient philosophers died out. There was little context or value to them in the hard new world that followed the Roman Empire.

        So how would people with UBI have less power as long as they still had the right to vote?

        Just look at how it works in the world today. Financial reforms frequently can't happen because someone shrewdly created an entitlement that would need to be massively cut back in order for the reform to have any chance of success. Examples include Social Security and Medicaid/Medicare in the US and the Japanese Postal Savings System. These become bribes to the electorate to go with the status quo even though that's destroying the future of their country.

        Just make the UBI big enough that most voters will protect the politicians who are divvying up the resources of the country.

        • (Score: 2) by hendrikboom on Wednesday October 17 2018, @06:19PM (3 children)

          by hendrikboom (1125) Subscriber Badge on Wednesday October 17 2018, @06:19PM (#750065) Homepage Journal

          Tell me more about the Japanese Postal Savings System and how it keeps people down.

          • (Score: 1) by khallow on Thursday October 18 2018, @03:30AM (2 children)

            by khallow (3766) Subscriber Badge on Thursday October 18 2018, @03:30AM (#750293) Journal

            Tell me more about the Japanese Postal Savings System and how it keeps people down.

            The key to understanding the problem is to know the dynamic by which it operates. The Japan Post Bank has almost 200 trillion Yen in savings - the only loans [wikipedia.org] it does are short term credit lines and Japanese government bonds (meaning it holds somewhere around a fifth of Japan's massive government debt). So right there, there's an ugly issue. In order for the bank to pay interest on the savings that have been accumulated by Japanese citizens, the Japanese government has to borrow from the bank.

            So what does the Japanese government do with the money it borrows? It turns it into concrete [nytimes.com] - lots and lots of low value construction and infrastructure improvement. So a fraction of the country which happens to use this system encourages the country to borrow excessively and then turn that spending into crap.

            Supposedly in recent years, they've implemented reforms to fix this mess. We'll see if that's true or not. But having reached debt levels twice over their GDP indicates they have some very serious problems to overcome.

            • (Score: 2) by hendrikboom on Friday October 19 2018, @01:30AM (1 child)

              by hendrikboom (1125) Subscriber Badge on Friday October 19 2018, @01:30AM (#750748) Homepage Journal

              Reading that article, it looks as if the problem is viewing infrastructure development as a direct means of providing jobs, rathern then in doing things that will provide returns later, such as education. Still, having a captive bank to borrow from is seductive, and may rob the government of imagination and innovation.

              • (Score: 1) by khallow on Friday October 19 2018, @06:04PM

                by khallow (3766) Subscriber Badge on Friday October 19 2018, @06:04PM (#751057) Journal
                As I understand it, Japan's existing postal savings system became an important part of their post-war rebuilding effort. Citizens were encouraged to save their money and in turn that money (and it was a lot of money) was plowed into Japanese industry. The tool has since been used for less fruitful purposes.

                To go back to my earlier remark, we have here a situation where people are encouraged, by higher than market rates, to put their money into a system of government abuse and corruption. It's a great example of how the electorate can be bribed to go along with these things.
      • (Score: 1) by khallow on Tuesday October 16 2018, @04:36AM

        by khallow (3766) Subscriber Badge on Tuesday October 16 2018, @04:36AM (#749401) Journal
        I didn't see in my last post that you were replying to my comment. So I have additional replies to make.

        Lack of power? How much more power does a wage slave have in a world where he is always in the danger of getting replaced by a robot or someone in a cheaper country?

        Quite a bit. After all, the employer too is always in danger of being replaced.

        Most people in the world have very little power. And that's how it should be.

        No, that's not how it should be. You are thus beholden to whoever is running things.

        Democracy allows them to decide who gets to accumulate and use some of that power. That way when shit happens at least it's shit that more of them deserve, than if some dictator got power and forced his shit on everyone.

        There are plenty of ways this gets subverted. Here, the creation of an entitlement that makes a bunch of people dependent on the people in power, is a common approach.