Moral Hazard

User avatar
TheReal_ND
Posts: 26030
Joined: Wed Nov 30, 2016 6:23 pm

Re: Moral Hazard

Post by TheReal_ND » Sat Jun 24, 2017 6:35 pm

Fife wrote:
TheReal_ND wrote:I didn't read the OP but I'm assuming you are shilling for international free markets.
I know you didn't, it's OK. I also know that you have no idea what I'm "shilling for," and that's OK. It's not like I come to this no-rent forum for discussion, I just post here for my own entertainment.
Dismiss my qualms with international free trade

K

User avatar
Fife
Posts: 15157
Joined: Wed Nov 30, 2016 9:47 am

Re: Moral Hazard

Post by Fife » Thu Mar 14, 2019 8:10 am

Here's a bump on the strange notion that stealing is not nice.


https://tomwoods.com/ep-1360-wealth-red ... countries/

User avatar
GloryofGreece
Posts: 2988
Joined: Fri Feb 17, 2017 8:29 am

Re: Moral Hazard

Post by GloryofGreece » Thu Mar 14, 2019 12:50 pm

Is there such thing as " public land" , public good, general welfare , and/or the commons?
The good, the true, & the beautiful

User avatar
Fife
Posts: 15157
Joined: Wed Nov 30, 2016 9:47 am

Re: Moral Hazard

Post by Fife » Thu Mar 14, 2019 12:56 pm

Yes.

heydaralon
Posts: 7571
Joined: Thu Mar 16, 2017 7:54 pm

Re: Moral Hazard

Post by heydaralon » Thu Mar 14, 2019 12:57 pm

Speaker to Animals wrote:
Sat Jun 24, 2017 6:24 pm
On top of that, the only other alternative we have suggested is expanding the welfare state. That's fucking scary enough.
If UBI was implemented, would you want it to replace the other forms of welfare we give out? Here's the thing, I've heard that proposed for UBI, just do that and get rid of the other programs but much of these welfare programs are basically protecting people from being their own worst enemy. You mentioned single mothers earlier. Lets say we gave a single mother 2 grand per month in UBI to pay her bills and for groceries, and instead she just spends it on vodka and clothes. Now she is broke and about to be evicted. What would happen is that she would tell some sob story and get politicians to keep increasing the amount of UBI she got monthly. A lack of money is usually a symptom of a bigger problem: Stupidity and poor judgment. I say this with extensive personal experience. I think the UBI would just keep growing like a cancer without fixing the root causes of why people even need it.
Shikata ga nai

User avatar
Speaker to Animals
Posts: 38685
Joined: Wed Nov 30, 2016 5:59 pm

Re: Moral Hazard

Post by Speaker to Animals » Thu Mar 14, 2019 1:08 pm

heydaralon wrote:
Thu Mar 14, 2019 12:57 pm
Speaker to Animals wrote:
Sat Jun 24, 2017 6:24 pm
On top of that, the only other alternative we have suggested is expanding the welfare state. That's fucking scary enough.
If UBI was implemented, would you want it to replace the other forms of welfare we give out? Here's the thing, I've heard that proposed for UBI, just do that and get rid of the other programs but much of these welfare programs are basically protecting people from being their own worst enemy. You mentioned single mothers earlier. Lets say we gave a single mother 2 grand per month in UBI to pay her bills and for groceries, and instead she just spends it on vodka and clothes. Now she is broke and about to be evicted. What would happen is that she would tell some sob story and get politicians to keep increasing the amount of UBI she got monthly. A lack of money is usually a symptom of a bigger problem: Stupidity and poor judgment. I say this with extensive personal experience. I think the UBI would just keep growing like a cancer without fixing the root causes of why people even need it.
(1) Our current economy is not sufficiently developed to have a viable UBI. Any realistic UBI we could distribute is not going to be enough to replace welfare.

(2) I think there is merit in the argument that too many people would do nothing and our society would degenerate.

In any case, I think right here and now, a better solution to the automation creep is a work program that sets out to solve problems that are not profitable to solve through capitalism just yet. Things like alternative energy, space colonization, or just mundane tasks like burying our power grid so that we are not vulnerable to a solar flare or EMP.

Just take the concept from Black Swan and consider the ramifications of a huge pool of labor freed up.. Rank all the big threats to humanity and western civilization 3.0 according to severity of impact rather than what we think are the odds it could happen. Create programs to mitigate those risks. If that contingency never comes to pass, you essentially did the same thing as a UBI for the people who went to work on that program, but you taught them skills and they actually grew as human beings, with something to take pride in. If that contingency does come to pass, then you saved our asses.

Now imagine one of those black swan events a few generations after you implemented a UBI. Take a celestial impact, for instance. It's 2100 and we just realize we have about a year and a half before a giant rock kicks our ass. But 70% of our GDP is UBI-bound. How do we fund a program to build a giant spaceship that can move the orbit of this rock when more than half our GDP is feeding on itself via UBI?? We can't raise taxes without breaking the system. We can't just cancel UBI without societal collapse.

Maybe it would have been nice had we, instead of just handing out our Yangbuck checks, put people to work on various crazy projects, one of those being the construction of a giant rock-moving spaceship out in a Langrange point? :think:

User avatar
Speaker to Animals
Posts: 38685
Joined: Wed Nov 30, 2016 5:59 pm

Re: Moral Hazard

Post by Speaker to Animals » Thu Mar 14, 2019 1:10 pm

To me, UBI, assuming you even have the economic development to support it, is a waste of productivity.

User avatar
GloryofGreece
Posts: 2988
Joined: Fri Feb 17, 2017 8:29 am

Re: Moral Hazard

Post by GloryofGreece » Thu Mar 14, 2019 4:05 pm

Speaker to Animals wrote:
Thu Mar 14, 2019 1:08 pm
heydaralon wrote:
Thu Mar 14, 2019 12:57 pm
Speaker to Animals wrote:
Sat Jun 24, 2017 6:24 pm
On top of that, the only other alternative we have suggested is expanding the welfare state. That's fucking scary enough.
If UBI was implemented, would you want it to replace the other forms of welfare we give out? Here's the thing, I've heard that proposed for UBI, just do that and get rid of the other programs but much of these welfare programs are basically protecting people from being their own worst enemy. You mentioned single mothers earlier. Lets say we gave a single mother 2 grand per month in UBI to pay her bills and for groceries, and instead she just spends it on vodka and clothes. Now she is broke and about to be evicted. What would happen is that she would tell some sob story and get politicians to keep increasing the amount of UBI she got monthly. A lack of money is usually a symptom of a bigger problem: Stupidity and poor judgment. I say this with extensive personal experience. I think the UBI would just keep growing like a cancer without fixing the root causes of why people even need it.
(1) Our current economy is not sufficiently developed to have a viable UBI. Any realistic UBI we could distribute is not going to be enough to replace welfare.

(2) I think there is merit in the argument that too many people would do nothing and our society would degenerate.

In any case, I think right here and now, a better solution to the automation creep is a work program that sets out to solve problems that are not profitable to solve through capitalism just yet. Things like alternative energy, space colonization, or just mundane tasks like burying our power grid so that we are not vulnerable to a solar flare or EMP.

Just take the concept from Black Swan and consider the ramifications of a huge pool of labor freed up.. Rank all the big threats to humanity and western civilization 3.0 according to severity of impact rather than what we think are the odds it could happen. Create programs to mitigate those risks. If that contingency never comes to pass, you essentially did the same thing as a UBI for the people who went to work on that program, but you taught them skills and they actually grew as human beings, with something to take pride in. If that contingency does come to pass, then you saved our asses.

Now imagine one of those black swan events a few generations after you implemented a UBI. Take a celestial impact, for instance. It's 2100 and we just realize we have about a year and a half before a giant rock kicks our ass. But 70% of our GDP is UBI-bound. How do we fund a program to build a giant spaceship that can move the orbit of this rock when more than half our GDP is feeding on itself via UBI?? We can't raise taxes without breaking the system. We can't just cancel UBI without societal collapse.

Maybe it would have been nice had we, instead of just handing out our Yangbuck checks, put people to work on various crazy projects, one of those being the construction of a giant rock-moving spaceship out in a Langrange point? :think:
Seems almost Faustian but arguably pragmatic. Does any serious political person ever talk like you just did about doing things like that? I like the idea of people working even if it's not " needed" also the Idea learning things to apply in the future seems very low time preference which is precisely a remedy to materialism and superficiality. So let's get it!
The good, the true, & the beautiful

User avatar
Speaker to Animals
Posts: 38685
Joined: Wed Nov 30, 2016 5:59 pm

Re: Moral Hazard

Post by Speaker to Animals » Thu Mar 14, 2019 5:23 pm

GloryofGreece wrote:
Thu Mar 14, 2019 4:05 pm
Speaker to Animals wrote:
Thu Mar 14, 2019 1:08 pm
heydaralon wrote:
Thu Mar 14, 2019 12:57 pm


If UBI was implemented, would you want it to replace the other forms of welfare we give out? Here's the thing, I've heard that proposed for UBI, just do that and get rid of the other programs but much of these welfare programs are basically protecting people from being their own worst enemy. You mentioned single mothers earlier. Lets say we gave a single mother 2 grand per month in UBI to pay her bills and for groceries, and instead she just spends it on vodka and clothes. Now she is broke and about to be evicted. What would happen is that she would tell some sob story and get politicians to keep increasing the amount of UBI she got monthly. A lack of money is usually a symptom of a bigger problem: Stupidity and poor judgment. I say this with extensive personal experience. I think the UBI would just keep growing like a cancer without fixing the root causes of why people even need it.
(1) Our current economy is not sufficiently developed to have a viable UBI. Any realistic UBI we could distribute is not going to be enough to replace welfare.

(2) I think there is merit in the argument that too many people would do nothing and our society would degenerate.

In any case, I think right here and now, a better solution to the automation creep is a work program that sets out to solve problems that are not profitable to solve through capitalism just yet. Things like alternative energy, space colonization, or just mundane tasks like burying our power grid so that we are not vulnerable to a solar flare or EMP.

Just take the concept from Black Swan and consider the ramifications of a huge pool of labor freed up.. Rank all the big threats to humanity and western civilization 3.0 according to severity of impact rather than what we think are the odds it could happen. Create programs to mitigate those risks. If that contingency never comes to pass, you essentially did the same thing as a UBI for the people who went to work on that program, but you taught them skills and they actually grew as human beings, with something to take pride in. If that contingency does come to pass, then you saved our asses.

Now imagine one of those black swan events a few generations after you implemented a UBI. Take a celestial impact, for instance. It's 2100 and we just realize we have about a year and a half before a giant rock kicks our ass. But 70% of our GDP is UBI-bound. How do we fund a program to build a giant spaceship that can move the orbit of this rock when more than half our GDP is feeding on itself via UBI?? We can't raise taxes without breaking the system. We can't just cancel UBI without societal collapse.

Maybe it would have been nice had we, instead of just handing out our Yangbuck checks, put people to work on various crazy projects, one of those being the construction of a giant rock-moving spaceship out in a Langrange point? :think:
Seems almost Faustian but arguably pragmatic. Does any serious political person ever talk like you just did about doing things like that? I like the idea of people working even if it's not " needed" also the Idea learning things to apply in the future seems very low time preference which is precisely a remedy to materialism and superficiality. So let's get it!
The problem is Mammon and Moloch. Most of the politicians put markets/money and hedonism as the highest values. The end result is a giant welfare state in which the means of automation are controlled by an elite, and everybody else is essentially welfare serfs that have to be culled at some point to maintain the elite power structure.

UBI with no work means most people become dependent cows.

No UBI and no transition away from capitalism just leads to serfdom.

User avatar
clubgop
Posts: 7978
Joined: Wed Nov 30, 2016 5:47 pm

Re: Moral Hazard

Post by clubgop » Thu Mar 14, 2019 5:30 pm

TheReal_ND wrote:
Sat Jun 24, 2017 6:12 pm
Stupid UBI aside:

Being economically, culturally and ethnically replaced isn't amoral.

Explain.
:lol: :lol: :lol: Self cucked :lol: :lol: :lol: