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Comment by thephyber

I've heard convincing arguments[1] from economists that we should convert our existing "safety net" and "welfare" programs to simple UBI (aka BIG).

The argument tends to circle around the fact that the existing programs dis-incentivize getting off disability or Section 8 because the recipient is penalized in a step-function way (as soon as they get a job, they may become ineligible or could be charged with a crime). A well crafted UBI such that it's an income tax rebate (not to be confused with tax credits or tax deductions) to replace the many smaller safety-net / welfare programs eliminates the disincentive for people to get off these specialized programs that already exists.

While I don't think Americans are well informed enough to make a rational decision (and will likely be swayed by emotion), I think there are reasonable arguments for UBI / BIG.

[1] http://econlog.econlib.org/archives/2017/01/munger_on_the_b....

parent thephyber 9 years ago

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