Basic income in FiveThirtyEight and in Switzerland
There’s an article at FiveThirtyEight about the “basic income,” which is automatic money from the government. I was unaware that there’s a referendum in Switzerland (which won’t pass) to create such a system there. This means that the issue is getting traction.
It’s inevitably the future as robots replace humans and humans become useless. Already, the majority of jobs are make-work or value transference jobs which are unnecessary. But the article misses some key issues, such as:
(1) Poor people have low IQs and low future-time orientation and will not use their basic income in a manner that SWPL sociologists and journalists will approve of.
(2) Immigrants are already rushing the borders. Without a fence and strict border control, all of the people from the poor countries will want to rush into the country with a basic income.
But on the plus side (if this is really a plus, not sure that it is), the basic human psychology of desire for higher status will keep most people employed (if they are able to find work) so they can have more stuff and live in a better neighborhood than low-class non-labor-force-participant people living off only the basic income.