71 karma · joined June 7, 2022
For example, if before UBI a worker on average was producing one car, and assuming that after UBI half the working population quits their job, that worker now needs to produce two cars for everyone to maintain their standard of living. Except since that additional car must go to the UBI recipient, in other words his income was taxed, his quality of life does not go up despite becoming more productive. So either he needs to become more productive through than one more car so that he can raise his own standard of living, or he just won’t do it.
I don’t think this is the correct way to look at it. That may seem harsh but humans certainly never have nor ever will think that way. For example, what is the risk of death associated with climbing up the tree to get the apple. How much are people willing to pay to buy a safer car? There will always be a tail risk. Mitigating the risk will eventually not be worth the cost, either it terms of resources or human years spent on reducing the risk. A much more recent salient example is that most societies on earth have decided that the risk from dying from COVID is worth it to continue living a normal life. If we applied your standard, we should never leave our house and do anything constituting a normal life.
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