December 31, 2021 at 12:20 pm #225413DJPParticipant
Incase anyone missed it, there’s already a decent text on UBI here: https://gegen-kapital-und-nation.org/en/what-wrong-free-money/December 31, 2021 at 3:55 pm #225414
Alan, I never said that the capitalist state will not pay a conditional income to lots of people nor an unconditional income to some — both happen at present. What I said was that the state is not going to pay an unconditional income of a significant amount to everyone as envisaged by full UBIers.
The furlough scheme (which was neither universal nor unconditional of course) had a capitalist rationale — to allow employers to retain their workforce while production was temporarily interrupted and so not having to end their contract of employment and then recruit and train anew. Fullscale UBI does not.January 9, 2022 at 4:20 pm #225556
That link Robbo put up to launch the anti-work thread has a link to a candidate in the Korean presidential election in March who appears to be advocating the real thing — a payment to everyone even if a rather modest one.
It will be interesting to see if he gets elected and, if so, whether he will honour his election pledge — and the outcome.January 14, 2022 at 3:43 am #225591
The German Institute for Economic Research revived a centuries-old idea to help tackle wealth inequality.
Universal Basic Inheritance, or Grunderbe in German, would assign €20,000 ($22,720) to each resident upon reaching 18 years of age. The sum would be earmarked to pay for education or training, a property downpayment or for starting a business — not to be squandered.
Around 750,000 German residents reach adulthood every year, the universal inheritance would cost the German government around €22.6 billion per year. It could be financed by hiking inheritance tax, introducing a tax on the ultrawealthy and by reforming property taxes.January 14, 2022 at 9:58 am #225597
More reformist pie in the sky but that’s what think tanks seem to be be all about. Interesting though that there is a group in Britain proposing this too.
I see the situation in Germany is the same as everywhere else:
“The richest 10% own two-thirds of total private wealth (some €12 trillion in assets); the richest 1% own a third, while the richest 0.1% own up to a fifth.”
Why do these people not see that the solution is not a less unequal distribution of wealth but the common ownership of the means of wealth production so they can be used to turn out what people need and not for sale on a market with a view to profit?January 16, 2022 at 11:10 pm #225619
Posted on our WSM site. Not the definitive analysis that we need but merely a contribution to the debunking of UBI that some can link to.February 15, 2022 at 10:54 pm #226498
Another trial and another selective group
All young people leaving care in Wales at the age of 18 are to be offered the chance to take part in a basic income pilot scheme under which they will receive £1,600 a month for up to two years.
The money will be given unconditionally and participants will be able to earn from paid jobs on top of the basic income with ministers hoping it will help give some of the most vulnerable in society a better chance of thriving.February 18, 2022 at 8:15 am #226615
UBI defended but with caveats
An extra pittance for everyone regardless of need – which is what every economically realistic proposal for UBI I’ve ever seen ends up apologetically boiling down to, given the exorbitant cost – is the worst of all worlds; not quite enough to be meaningful to those who could really benefit, but still too expensive to be politically plausible. Better to start by funding the existing welfare system properlyFebruary 18, 2022 at 9:07 am #226621
Although only aimed at a selected group and so a basic income rather than a universal basic income scheme, the outcome of that experiment in Wales could be interesting because the amount being offered — some £19,000 a year — is not trivial. This is higher than many people are paid as wages (higher than the minimum wage without housing benefit). Even so, I can’t see any government making that universal and paying that amount to everyone.February 18, 2022 at 1:48 pm #226635Matthew CulbertKeymaster
I was really pleasedfor them. I thought it looked pretty good for the category, it was helping.
They, or some of them, will still need the help of ‘wiser’ counsel given their special circumstances.
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