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Old 07-12-2018, 12:49 PM   #73
GGG
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With UBI you can eliminate minimum wage so the cost of an employee drops.

If you assume the UBI is set at the point of rent, food, clothes, bus pass and no luxuries low wages would provide much higher incremental increases in living conditions than the current minimum wage does.

The biggest issue with UBI is it will have to significantly increase corporate taxes and personal taxes to cover the costs of UBI. If these taxes make you non-competitive you can't afford these programs.

In an automated world goods will be manufactured where cheapest and sol where their is wealth. Nicer of these are the place with a UBI. So then you need Tarrifs against countries that dump automated goods into the market without paying taxes and then you start a trade war. I like the concept of UBI but the implementation needs to be part of a global deal on trade to be fully implemented.

The best part of UBI is it facilitates retraining yourself. You don't have to stay in a labour position becuase you can't afford to go back to school. That liberation from needing a pay check will free people to create.
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