Will we need a basic income in the future?

Register a SA Forums Account here!
JOINING THE SA FORUMS WILL REMOVE THIS BIG AD, THE ANNOYING UNDERLINED ADS, AND STUPID INTERSTITIAL ADS!!!

You can: log in, read the tech support FAQ, or request your lost password. This dumb message (and those ads) will appear on every screen until you register! Get rid of this crap by registering your own SA Forums Account and joining roughly 150,000 Goons, for the one-time price of $9.95! We charge money because it costs us money per month for bills, and since we don't believe in showing ads to our users, we try to make the money back through forum registrations.

The Something Awful Forums > Discussion > Debate & Discussion > Will we need a basic income in the future?

chairface: Oct 28, 2007; No matter what you believe, I don't believe in you.

asdf32 posted:

Umm you don't understand economics if you think taking money from one person and giving it to another person as part of a system which might plausibly decrease working hours will boost GDP in any real terms.

That depends on if the person getting the money is going to spend it in a way that increases aggregate demand more than leaving it with the first person or not.

# ¿ Nov 2, 2014 23:55

Adbot: ADBOT LOVES YOU

# ¿ May 16, 2024 13:17

chairface: Oct 28, 2007; No matter what you believe, I don't believe in you.

asdf32 posted:

No it doesn't depend on that.

It depends on whether more stuff gets produced or not which is a very unlikely effect of policy that probably won't boost working hours.

What you described can happen in a 100% inflationary scenario where no new wealth is created at all.

Same.

Because we produce things for magical fairy reasons and not because there is demand for the products to be met. Riiiiiiight.

# ¿ Nov 3, 2014 00:36

The Something Awful Forums > Discussion > Debate & Discussion > Will we need a basic income in the future?