Capitalism Cures Poverty

[DBTrek]

It's just a (too) limited experiment and it's too soon to tell.

https://futurism.com/what-we-can-learn- ... xperiment/

According to DB though it's a failure though, his confirmation bias tells him so.

No, not according to my confirmation bias. I'm not some high-school diploma holding Canadian git with an abundance of opinions and dearth of life experience.

According to:
The New York Times
The Independent
Financial Times
The OECD
Bloomberg
and
The National Review

But whatever, prattle-bot.
Prattle on.

[Martin Hash]

Agitating for better wages and conditions isn't a virtuous thing to do either.

Simple self-interest. Ideally, mutually beneficial self-interest... but not virtuous.

I disagree. Higher wages based on "I have a kid" are not rational or responsible. How can a business meet its employees' needs ahead of its customers' needs?

The real question is, what is in society's best interests? Certainly people being able to raise their kids is in society's favor but how is that the responsibility of Mom & Pop Grocery Store? If society wants higher wages, society should pay for them. The Republicans just proved that deficits don't matter, so print more money and subsidize low-wage employees up to the wage society wants. All you advocates of Basic Income should be behind this idea.

I'm nowhere near certain Basic Income is a good idea, or even a comprehensible one, but we can shift around who pays the tab on a living wage all you like.

I agree for the simple fact that Basic Income reverses the responsibility from the individual onto society but that's not the case with subsidized income. Workfare is the model for this. It's interesting that we have a Party willing to run huge deficits to make The Rich richer, and a Party willing to run huge deficits to make The Poor poorer (by coddling them), but there doesn't seem to be anyone supporting the idea that if you work, we'll make sure you get enough to live on by running huge deficits.

p.s. Thought I don't have a problem with deficits, as an engineer I can never help but point out that there is PLENTY of wealth to go around.

[StCapps]

Trade Unions say so, lulz, yeah like they wouldn't oppose UBI whether it was working or not.

Subsidizing uneconomical jobs is a bigger strain on the economy than paying people regardless of whether they work or not. I no fan of government handouts, but if you are going to have any government handouts, you might as well concentrate resources on the best solutions and minimum wage is inferior. There is no government handout that gets around freeloaders altogether, but some government handouts come with more freeloaders attached than others.

[DBTrek]

I no fan of government handouts, but if you are going to have any government handouts, you might as well concentrate resources on the best solutions . . .

Right.
And in CappsLand “best solutions” is handing money to unproductive citizens so they can procreate and generate more unproductive citizens.

Which is why you’re not even in charge of the Slurpee machine, dude.

[StCapps]

Right.
And in CappsLand “best solutions” is handing money to unproductive citizens so they can procreate and generate more unproductive citizens.

Which is why you’re not even in charge of the Slurpee machine, dude.

Population growth is well known driver of economic growth, bitch about unproductive people having kids all you want, you aren't helping the economy by doing so. America's birth rate is too low as it is, having less kids isn't going to help, it's going to hurt.

Like I said it's better than minimum wage, by a long shot. It's not like unproductive people having kids aren't being subsidized by the minimum wage.
/shrugs

[DBTrek]

Blah, blah, blah.
Another zero value post from Capps.
Zzzzzz

[StCapps]

Blah, blah, blah.
Another zero value post from Capps.
Zzzzzz

Another zero value post from DBTrek.
Talk about unproductive.
Zzzzzz

Unless your solution is no government handouts, under any circumstances, than which government handouts do you think are most effective? All you do is ankle bite, you are not contributing to conversation, you're being drtrech.

[Hanarchy Montanarchy]

It's interesting that we have a Party willing to run huge deficits to make The Rich richer, and a Party willing to run huge deficits to make The Poor poorer (by coddling them), but there doesn't seem to be anyone supporting the idea that if you work, we'll make sure you get enough to live on by running huge deficits.

heh.

interesting.

[DBTrek]

A workers basic income might work (haven’t seen that idea floated before), but it would cease to be Universal at that point.
And there would still be the unemployed who we couldn’t let starve, so a WBI would be in addition to current welfare policies.

[StCapps]

A workers basic income might work (haven’t seen that idea floated before), but it would cease to be Universal at that point.
And there would still be the unemployed who we couldn’t let starve, so a WBI would be in addition to current welfare policies.

WBI would also be better than minimum wage, minimum wage sucks, it's time to scrap it and replace it with something better.