top | item 13207875

(no title)

abannin | 9 years ago

Paying people to not contribute to GDP will result in decreased GDP. Lower GDP means less income to be distributed.

UBI is not the first time someone has proposed that a central authority should determine the income of the general population. It doesn't take much research into Russia to recognize this as 'serfdom'.

discuss

order

invaliduser|9 years ago

Increasing the GDP is easy. First, pay me 50$ to dig a hole. Then I pay you 50$ to fill the very same hole. We created nothing but the GDP increased by 100$ (well, tax aside).

original source of this example: https://ploum.net/largent-doit-il-etre-notre-seul-objectif/ (in french, but interesting essay)

vivekd|9 years ago

Yeah, try that in scale for a few years and watch the economy collapse under runaway inflation.