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So to be clear, the solution is to grow the state even more and tax the evil rich folk?
Comrades, I think we're onto something.
weeksy - MemberNo.... People should get what they deserve.
Practically nobody gets what they deserve
Money is not real its a concept nothing more.
uk capitalism funded by much much more thin air.
Oh dear....this old chestnut again. I really struggle to understand why some people find this so hard to understand. I'll try to spell it out, so capitals not meant in a shouty way.... OUR NATIONAL DEBT WILL CONTINUE TO RISE UNTIL WE CLOSE OUT THE NATIONAL DEFICIT AND START RUNNING OUR ECONOMY AT A SURPLUS. ONLY THEN CAN WE START TO REDUCE THE NATIONAL DEBT. THE NATIONAL DEBT HAS DRASTICALLY SHRUNK SINCE WE STARTED DOWN THE PATH OF AUSTERITY BY AT LEAST TWO THIRDS.
Our national debt is being accumulated by the NHS, our benefits system and our national pensions system which swallow up well over 50% of our GDP. Capitalism is actually pulling money in to reduce the deficit and ultimately the debt. Not saying that percentage is bad or good, but clearly we cannot afford these institutions in their current forms.
Running a national debt is not a bad thing, it is actually a good thing.....but we have to be able to be in the situation where we can pay it off - i.e. running a structural surplus and not a deficit AND the money we invest in the public sector has to have some pay off that leads to an increase in GDP and not just dead money.
The word INVESTMENT implies there is a return. The last labour government when chucking money around wrecking our deficit and running up our national debt in an unsustainable and unaffordable way were not 'Investing' money, they were wasting it. And that is a crime in my book, wasting taxpayers hard earned cash. Every penny should be treated with the utmost care.
Money is not real its a concept nothing more.
It is very definitely real. So real that we are paying more on the interest on our national debt than we pay into the NHS. That seems to be Socialist investment at work.
If you hand out £500 extra to everyone a month, everyone is £500 quid richer and inflation occurs. You need to then supplement your £500 by going to work.
Inflation just doesn't occur like that at all.
How much inflation occurred when there was masses of Q/E?
This is a re-modelling of how we deal with soceity and people need to get out of the mindset that money and laziness are linked, they're not.
The moral grounds for equality of outcome are remarkably shaky.
Interesting use of words as always. You could call it controversial for sure, but it's not "shaky". the concept is sound.
The last labour government when chucking money around wrecking our deficit and running up our national debt in an unsustainable and unaffordable way were not 'Investing' money, they were wasting it.
That old chestnut.
The Tories hardly ever run surpluses. Don't kid yourself. They spend more and have spent more even adjusted for inflation over the last 27 years or so.
It's going to take a bold solution
It certainly is, and the UK government don't do bold solutions. Each government just makes minor changes here and there until the next one gets in and either reverses them or makes a few more minor changes.
Over say a 30 year period, very little actually changes.
Running a national debt is not a bad thing, it is actually a good thing
Wow what a coincidence I heard those very words from my state working, final salary pension, pro open boarders, free NHS for all, no offspring asshole of a brother just the other day. Oh, did I forget to say he's a leach?
"pro open boarders, free NHS for all, no offspring"
he sounds ok, actually
And there we have it. How could open boarders combined with free NHS for all [i]possibly[/i] create too much of a financial burden. Where is this magical money tree/credit card? Or will the 'evil' rich folk tally the books?
Or will the 'evil' rich folk tally the books?
No they won't.
The national debt is never paid back.
What's your point?
Or will the 'evil' rich folk tally the books?
Fortunate/lucky and selfish rather than evil
Wobbliescott read the post 2 above that yin. Have a word with your own side. I understand it well enough. 😆 cheers for that rant though, it was really really helpful! 😆
I'm out of this anyhow. There's been as much reasonable conversation as this thread will get. It's clear it's just going to get dragged in to the usual tedium and obfuscation. Have fun!
The word INVESTMENT implies there is a return. The last labour government when chucking money around wrecking our deficit and running up our national debt in an unsustainable and unaffordable way were not 'Investing' money, they were wasting it.
More money is not the only return on investment.
You invest in bikes, but they don't make you money do they? The ROI is happiness. I pay for my kids to go to swimming lessons, but they aren't going to repay me when they become professional swimmers.
Fundamental point I am trying to make on this thread is that economics and money should not be the only conversation. Humans are not just economic resources, and GDP is not the only metric we should care about.
economics and money should not be the only conversation.
As far as the right are concerned it can be the only discussion as they are on much "shakier" ground if the discussion moves away from money. Hence why our society is determined by one's wealth, and not by one's contribution
Society seems geared to making us as rich as possible, whereas it should IMO be geared towards enabling us to do what we want and be happy.
If we want to make tons of money, they great. TBH I think a lot of people would still do that, because money still buys bikes and plane tickets. But our power to obtain our own balance of life vs work is actually pretty limited. Only some people have that opportunity.
Society seems geared to making us as rich as possible, whereas it should IMO be geared towards enabling us to do what we want and be happy.
+1
One of the things I enjoy most about my working day is my cycle to work. I get to cycle along mainly litter free, well maintain roads, along a nice river with plenty of wildlife.
All safely and securely without risk of being mugged or run over etc.
All of this comes from a cohesive society, I can't buy that experience with money, being poor or rich would make no difference to that experience.
Society seems geared to making us as rich as possible,
making [i]some[/i] people as rich as possible, remember that in order for capitalism to succeed, there must be winners and losers, otherwise it fails.
All of this comes from a cohesive society, I can't buy that experience with money, being poor or rich would make no difference to that experience.
Which is one of the reasons the rich have to pay taxes. Taxes pay for the cohesive society that stops the poor murdering them in their beds. John Locke (among other) figured this out a few hundred years ago.
You can keep your Ayn Rand / Friedrich Hayek fantasies I'm happy to live in a society that will help me when I'm sick, educate my children and keep me safe as I walk the streets.
in order for capitalism to succeed, there must be winners and losers, otherwise it fails.
That's true of all economic systems. The difference is under capitalism if you design a rubbish gearbox you lose your job and end up in a worse job, or on benefits. That motivates you to design better gearboxes. Whereas under Communism if you design a rubbish gearbox you get taken into the car park and excecuted. That motivates you to design better gearboxes.
Who's arguing for communism? (see what I mean, obfuscation...)
So. Where is this £500 per month coming from?
I believe that it would be possible to fund UBI by abolishing the existing benefits system (and its inherent inefficiencies)and adding a modest rise in taxes. The idea that the rich would be taxed until the pips squeak is wide of the mark.
I like the idea of UBI, but if you don't, then what should we do instead? An ageing population and automation isn't doing the current arrangements any favours, and it's only going to get worse.
It all hinges on the concept of having a high level of technology and robotic automation.
Until we are there, I don't think it's worth speculating. It certainly wouldn't work with todays level of automation.
There are many minimum wage/sh!t jobs that people would drop in an instant the moment they receive enough money to live on without working. Society would grind to a halt.
You think the dude who goes round on a Saturday morning power washing all the vomit off the pavements does that simply for his love of removing vomit? To that person, it's probably not worth having UBI + income as that job is so bad, he might as well just go on UBI alone. Probably would have the same standard of living.
remember that in order for capitalism to succeed, there must be winners and losers, otherwise it fails.
Yes of course, and I am not arguing against capitalism. The issue is what happens to you when you 'lose'? And what happens to everyone in between? And what about the people who are just crap players?
There are many minimum wage/sh!t jobs that people would drop in an instant the moment they receive enough money to live on without working.
This is what I meant about inflation. People who need cleaners would be forced to pay higher wages to tempt people off basic. That would cost them more, so the prices of whatever they make would rise. But the cleaners, now richer, would be able to afford the stuff so could pay, and then we'd end up back at square 1. Inflation.
BUT on the other hand - is it right to be forcing people into shit jobs all their lives just to put a roof over their heads? What kind of a life is that?
You think the dude who goes round on a Saturday morning power washing all the vomit off the pavements does that simply for his love of removing vomit?
Maybe with UBI he can have every other Saturday morning off?
I like the idea of UBI, but if you don't, then what should we do instead?
Well, the article in the OP is proposing targetted benefits, not UBI. So maybe that's what Portes and Moore think?
Well, the article in the OP is proposing targetted benefits, not UBI. So maybe that's what Portes and Moore think?
Targeted benefits is what we have now.
Maybe with UBI he can have every other Saturday morning off?
Yes. So he's paying half as much into the the system and taking far more out. Which is why it doesn't work.
Quibbling over whether perople will give up work all together or just do half as much doesn't change the point which is the whole idea of using taxation to pay people enough to give up work can't work.
Yes. So he's paying half as much into the the system and taking far more out. Which is why it doesn't work.
Well the point is that it's a restructuring of benefits and perhaps some higher taxation for richer people. A lot of people suggest that it would in fact work when you do the sums.
You have to make UBI just enough to have your basic needs met (or just meet them directly as in the original article), but low enough so that people will still want to work. Paying everyone £50k a year clearly won't work.
But in this specific example, he's taking every other saturday off but someone else is covering him, since it still needs doing.
The difference is under capitalism if you design a rubbish gearbox you lose your job and end up in a worse job, or on benefits
I would suggest that the workers of the man who's company designed the rubbish gearbox, lose their jobs and end up on benefits. The man the owns the company is protected under the law, has his debts written off, and gets to start again after he's learnt how to make a slightly better gearbox (or at least one that does the job sufficiently well at the least cost), that may or may not succeed this time (repeat ad nausea)
I would suggest that the workers of the man who's company designed the rubbish gearbox, lose their jobs and end up on benefits. The man the owns the company is protected under the law, has his debts written off, and gets to start again after he's learnt how to make a slightly better gearbox (or at least one that does the job sufficiently well at the least cost), that may or may not succeed this time (repeat ad nausea)
Well, yeah, I'm not disputing that excecution is a stronger motivator than the Capitalist motivator. I'm merely saying that all economic systems require motivation to work.
You have to make UBI just enough to have your basic needs met (or just meet them directly as in the original article), but low enough so that people will still want to work.
Well yes, obviously UBI works fine if you keep it low enough that you can't live on it or work significantly less. But if you do that, what's the point in UBI? UBI just becomes people buying a small portion of their own food and houses via a middle man instead of direct.
But in this specific example, he's taking every other saturday off but someone else is covering him, since it still needs doing.
Yes, so a job that used to support one person's house and food, now has to support two people's. With the extra money coming from other people. Who are also working far less.
There are many minimum wage/sh!t jobs that people would drop in an instant the moment they receive enough money to live on without working. Society would grind to a halt.
the problem here, is I suspect you've written that without a bit of irony, or self examination...
If, as a society (or an individual in your case) are able to admit that we are prepared to have an underclass of people doing our shit jobs (your expression) paying them as little as we can, while admitting in the same sentence that without them our society would fail, then I think grinding to a halt is probably what the system we've managed to develop deserves quite frankly.
What about positive motivation rather than negative? As in "If I go to work I can have a new bike" rather than "if I don't go to work I'll starve".
If, as per the suggestion, the state simply met basic needs and gave you NO disposable income, people would soon get out to work. No Sky TV, no pub, no sport, nothing.
But would people work the same way, and would employers work the same way? The relationship would certainly change.
I'm merely saying that all economic systems require motivation to work.
so you agree that the motivation/reward/power should rest with those that work then, comrade? 😉
If, as per the suggestion, the state simply met basic needs and gave you NO disposable income, people would soon get out to work. No Sky TV, no pub, no sport, nothing.
You've just given an example of one job needing to support two people with UBI. So you've already conceded the point that people will work a lot less.
so you agree that the motivation/reward/power should rest with those that work then, comrade?
Withdraw the vote from people who don't work? You might find support for that. What about retired people? Do they get a vote?
molgrips - Member
What about positive motivation rather than negative?
don't be daft, the whip must be cracked!
You've just given an example of one job needing to support two people with UBI. So you've already conceded the point that people will work a lot less.
No, not [i]needing.[/i] This is for people who [i]want[/i] half a job.
The vast majority of people would still work, I reckon. The people who earn tons of money because they are driven to succeed, they will still work. Companies will still make and sell stuff and generate cash. The economy would still operate, I'm pretty sure of it.
The question is, could we make it work?
The question is, could we make it work?
With half the people on this thread, aye. With the other half, no. There in lies the problem.
nickc - Member
the problem here, is I suspect you've written that without a bit of irony, or self examination...If, as a society (or an individual in your case) are able to admit that we are prepared to have an underclass of people doing our shit jobs (your expression) paying them as little as we can, while admitting in the same sentence that without them our society would fail, then I think grinding to a halt is probably what the system we've managed to develop deserves quite frankly.
Absolutely, I agree with that fully.
But the question is, how do you make the life of someone doing a shit job (my expression) better?
To me UBI seems to be a massive over engineering of the solution to that question. People want to introduce a blanket monthly income to all citizens, with an incredibly complex middle layer of money taxation and distribution all because we can't admit we don't pay street cleaners enough?
I don't know what the answer is, but to me, the answer isn't (yet) UBI. It might be, and I hope it will be, in another 50/100 years but I don't think for the foreseeable future it would work.
pay them more money, but you aren't willing to do that either.
molgrips - MemberThe vast majority of people would still work, I reckon. The people who earn tons of money because they are driven to succeed, they will still work. Companies will still make and sell stuff and generate cash. The economy would still operate, I'm pretty sure of it.
But doesn't this just encourage and accelerate wealth inequality? The very thing it is meant to solve.
Because then you have the middle class and up earning their already existing good wages, with those who choose not to work falling behind at an accelerated rate because they have less income than if they stuck with their 12k a year job they just jacked in.
seosamh77 - Member
pay them more money, but you aren't willing to do that either.
Am I not?