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kaliblack | 12 years ago

> A simple basic income implies that you provide everybody with the same minimum income and they cut back on public services etc to the minimum since in theory people can now buy what they want.

I haven't seen the reduction in services implied anywhere. It may, however, be a reality when implemented, but the intention isn't simply to change how government funds are spent on the poor. Generally, the aim is to redistribute wealth from the 'rich'.

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ahoy|12 years ago

I have only ever heard basic income proposed as the former implementation, never the latter.

bryanlarsen|12 years ago

The two formulations are similar. If you just print money to give to everybody, you cause inflation, which is a tax on liquid wealth. The wealthy have ways to hedge against inflation, so it's basically a tax on the middle class.

whatevsbro|12 years ago

> Generally, the aim is to redistribute wealth from the 'rich'.

What if they leave? Should people be punished for being rich?

contingencies|12 years ago

They are welcome to leave. Yes, they should be punished because society needs a disincentive for gross personal hoarding.