A response to Tim Worstall’s article Raising America’s Pay; Might Someone Hit The EPI With A Cluebat Please

I came across this article shortly after it was published, and meant to publish this response back then, but have been exceedingly busy. So here it is now.

In his article Raising America’s Pay, Tim Worstall argues that the Economic Policy Institute has made untrue claims about poverty staying the same despite continuous economic growth because the way the USA measures poverty is flawed and doesn’t take into account the support provided by the government. In his own words:

The American system is much closer to a measurement of here’s the number of people who would be poor if we weren’t helping to alleviate their poverty.

So basically, Tim’s argument is that because the government provides support for many people who would otherwise be in poverty, the EPI’s claim that a growing economy has not proportionately pulled people up out of poverty is untrue.

This argument doesn’t make sense.

Companies are making more money than ever. The wealthiest are making more money. The poor though, they’re getting more government hand outs – therefore a rising tide floats all ships…? No. Clearly, the basic argument of the EPI report remains valid. Exceptional economic growth has NOT improved the lives of the poorest. Continual government oversight and support has done a bit to help them, and that is all.

So, the evidence here seems perfectly clear. Strong economies don’t alleviate poverty. Strong governments do. The rational advice would be to tax the wealthy more, and give that money to the poor.

 

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Making enemies out of allies

I learned something this week. I learned that I was wrong when I thought that the following image was hilarious, and an effective parody of a ridiculously untenable position held by some moronic members of the US congress. I was wrong to laugh at it and wrong to think it a useful public statement, because instead of finding humour in it and understanding its intent, I should have been outraged.

we should ban life jackets rape analogy funny joke haha

I should have been outraged at how this “joke” makes light of the serious nature of drowning. Do the makers of this joke not care that 10 people die of drowning every day? Do they think that is funny!?!? Are they ignorant of this fact, or do they just not care?

You might try to tell me that I am over-reacting. That they aren’t really making fun of drowning, but are just using it as tool to make a point.

That doesn’t matter, because as someone who has suffered from two near-drowning events in my life, let me tell you that I personally find this image incredibly offensive. I could have died to drowning. Proper real end of life actual death…and you think that that trauma is irrelevent? You think I should have to spend the rest of my life letting people make light and “fun” out of something which really did happen to me and was traumatic? How about instead of that, everyone else on the planet stops being so insensitive!?!

I also learned that I should imply that the creators of this image are active representatives of whatever organised community they are part of, and imply that that whole community are anti-drowning-safety. Because if you find this image funny, then you basically drown children. There are no half measures when it comes to this sort of thing, you are either as outraged as I am that some “comedian” makes light of an issue as serious as drowning kids, or you drown kids.

<fin>

OK, enough stupidity and hyperbole. Yes, I was exaggerating, but this is how I feel when people react to a “#grapeculture” joke made by someone talking about a good night out with friends having drinks (presumably, wine, which is made from a “grape culture“)

#grapeculture tweet outrage

So when someone not included in the (publicly visible) conversation decided to take offense at the use of the #grapeculture hashtag and invite herself and her opinion, outrage and judgement  into it, I couldn’t help but feel very quickly like the whole thing became a parody of the very thing the joke was making fun of.

Despite the initial reaction of @vitabrevi which was to imply that @rjblaskiewicz and @cherryteresa  thought that rape itself was funny, it seemed quite clear to me that the tag was (at the most) a parody of people who use hashtag activism to accuse people of perpetuating rape culture. ie: it is no wonder vitabrevi felt attacked by the joke, it was probably aimed at people like her. But the shocking thing is that she bit. She bit with all of her might, accusing @rjblaskiewicz of supporting rape, misogyny and representing the entire skeptic community. Is there any world where that is a reasonable reaction to a #grapeculture joke?

How is it any different to my hyperbolic example above, where I claim that I should get desperately offended by the maker of this life jacket joke, and accuse them (and any communities they represent) as being supporters of people who enable the drowning of children?

This is why I made the reference to 4chan raids which aim to make the feminist movement look moronic by taking ridiculous positions and claiming to be feminists. I wonder if @ViteBrevi isn’t one of the, because if she isn’t, everyone can tell 4chan that they need not bother, some people are doing a fine job of making the movement look moronic all on their own.

And this upsets me.

The feminist movement is bloody important. Fighting the rape culture which is present in our society is incredibly important to me. But instead of actually doing that, we have counter-productive people out there claiming to be feminists who are busy sticking their nose in other people’s conversations, interpreting jokes to meet a pre-defined outrage sore-point, projecting their own suffrage on those comments, and inciting outrage and attack in their friends and colleagues. All to what end? All it does is make enemies out of friends.

I’ve met the people @VitaBrevi was attacking with her projected victimhood and offendedness. They are NOT the people we need to deal with. The people we need to deal with are abundant enough without picking fights with allies. The #grapeculture guilty are allies where it matters. They are feminists and want equal opportunities and freedoms and rights for people independent of sexuality, race and gender. But apparently being an advocate and champion of equality and a progressive society isn’t enough – they have to be super-sensitive to every possible sensibility that every person on the planet might have. They have to double check their language at all times, and avoid ever making jokes which might trigger traumatic events from the pasts of people they have never met nor talked to.

How about instead of that, people take responsibility for their own lives and emotional states (which may or may not include getting help from friends, family or trained professionals)? I’m not saying “suck it up”, I’m saying that we all have to take responsibility for our own lives, and that most certainly does not involve forcing the rest of the world to behave a particular way.

accept responsibility
Expecting the word-part “rape” (as in Grape) to be forever out of bounds as a tool in jokes is literally the sort of thing that fascists actually do. It is the core control mechanism in the book 1984: Control the language, and you can control the people. I am all for ending rape culture., but I want no part in ending our ability to use words, or our ability to find humor in things – even the morbid or the upsetting. (not that this even was – it was a joke at the (slight) expense of people doing this sort of thing! by making a pun about how wine is made).

*sigh*

So anyway, yes @VitaBrevi, you definitely seem to be “determined to be offended” – this is why you went into someone else’s conversation and chose to interpret their use of a phrase in a way which offended you, rather than 1. not paying attention to their conversation 2. not interpreting their joke as diminishing the experience of being raped 3. accepting the words of the several people who pointed out that the joke was about slacktivism, not rape 4. not projecting your outrage on an entire community which has nothing to do with one #hastag chosen by two individuals which didn’t even mean what you decided it meant  …or any other of an infinite other possibilities which didn’t involve you being mortally offended and justifying your outrage at their chosen method of interacting and attacking them (and everyone who defended them).

It is bad enough that reasonable people have to fight against tradition and socially conservative people who want to keep things ‘the way they have always been’ regardless of the fact that things used to be terrible for most people. But it is so incredibly disheartening when we also have to fight against extremist nut jobs who make reasonable objectives look crazy. It just gives the traditionalists and social conservatives material to use to undermine the real movement.

 

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Surviving as an entrepreneur

It only occurred to me recently just how difficult it is for most people to pursue entrepreneurial activities.

The stats of success for small businesses are notoriously bad. The stats for successful startups is significantly worse. Tiny fractions of a percent actually make it to being profitable, and the road to going from new novel idea to successful business is incredibly difficult. It is uncertain and a process which evolves as you make it happen. You start with nothing, and work for nothing to build something of value, never knowing if you will even make revenue let alone turn a profit until you reach that point…and sometimes that point is months or even years after you start working.

How many people can work for years without making money?

Pretty close to 0% I would guess. It is a very privileged minority who can work on a project for years without needing to make money while they do it. Just think about how much this amplifies the difficulty of making a startup you are working on successful. If a startup is already an incredibly challenging proposition – something which is necessarily an unknown proposition, which unfolds as you manually force it all to happen by virtue of your own relentless will, held back by endless setbacks, disappointments, distractions, mistakes and common human flaws – then multiple all of that difficulty by the factor of “Must also work part time to fund this endeavour”, then you now have a situation where you have an incredibly difficult thing to do and only some of your spare time to do it in.

It is amazing anyone ever succeeds.

Of course, the standard solution to this is to pitch early. Get seed funding. Then get series A funding. Get a few million dollars of someone else’s money behind the project, and finally you can just get to work. Money is no longer an issue; not survival money anyway, business money is always going to be an issue but at least you can focus on working for a while without worry about being able to feed yourself, pay rent or catch a bus.

But pitching to investors really isn’t a perfect solution. Pitching doesn’t just automatically lead to instant money. First of all, investors want to see that you have already demonstrated that your product is viable, or is going to work because it has some early traction. So you must have already put in crap loads of work (for free) making something which proves you’re worthy of their money. Then you will need stop working on your project and instead start working on pitching full time (also without pay) so that you can find the right investor(s) who understand your vision.

It is very rare to get investment from the first investor you talk to. I’ve heard numbers where people have to meet with 50-100 investors before they finally get funding, spending 3 to 6 months, or even longer, to secure funding. That is 6 months taken away from working on the project! And again, you’re somehow meant to survive through that whole process… Either you are already independently wealthy, or you’re only pitching part time while you work to survive…or you are lucky enough to have a family or partner successful/generous enough to support you while you work.

When you consider all of the factors against success, and then think about them being constantly reapplied over time; difficulties, rejections, changes in strategy happening every week, every month for many months… the psychological toll is significant. My suspicion is that most startup failures are actually a result of attrition. That is, they would keep pushing and trying if they had the resources to do so, but the constant set backs and rejections are all happening under the shadow of “How much longer can I keep this up for before I lose my house/can’t afford food/disappoint my family for the last time?”

My suspicion is that if this ever-present shadow of ultimate-failure was removed from the picture, there would be a lot more interesting and progressive startups out there…

The Luxury of Being Able to be an Entrepreneur

My life as an entrepreneur has been incredibly lucky. I stumbled into my first business straight out of University and made a fantastic low-effort easily monetised website which then paid me a small income for many years after that. That small income – never quite enough to thrive on, but always enough to get by – gave me the freedom to explore several business ideas over the last 5 years.

At the beginning of 2012 I started working on rbutr, and it became my whole focus. I had actually already stopped paying adequate attention to my first business, and 3 or so years after starting to neglect it, it’s income has now dwindled down to a trickle. With that now the case, I am made doubly aware of just how much support I have from my awesome family. My parents and my partner both are incredibly supportive and explicitly provide the security in my life which ensures that I have the freedom to continue working on a project which has no promise of making money any time soon.

What a luxury I have…

rbutr is one of those projects which is going to change the world. But if I didn’t have the freedom to pursue it relentlessly on account of a bit of early luck, and an awesome understanding and supportive family (who are by no means wealthy, btw, just very generous and understanding), then rbutr could easily become just another footnote in the history of failed efforts to make a difference.

I know that no one else sees the importance of rbutr as much as I do. I know that no one else will make this happen if I don’t. I also know that when it happens, everyone will look back and point out how obvious it was, and how they ‘had the same idea’ and “I could have made that!” But no one else will, because it is bloody hard to do.

I have had great luck. I have incredible support. I got so lucky when I found my partner, Craig, who is an incredible developer that just made the MVP happen within a month. I am lucky that we have been able to build a small group of true fans that keep pushing this project forward. I am lucky we have had other friends start helping out, volunteering their time to work on this project… We have had so much go right for us. And we’re still a million light years away from ‘success’. We could disappear tomorrow and a tiny fraction of a percent of the world population would even remember that we tried.

This shit is hard!

But I have the vision so strongly planted in my mind now that I cannot unsee it. I know where this is going, and it is amazing. I am just lucky that I don’t have to walk away. Not just yet anyway. I am running out of time…I have that shadow hanging over me (in my case, it is a baby due soon combined with the end of savings and a guilt of being so dependent on family)… but that is my issue which I need to solve before I hit that wall.

The point I am trying to make here, is that even with incredible luck in the form of an early success, an incredibly supportive family and girlfriend, and a startup idea that is truly revolutionary, which has some strong traction and powerful allies, I’m still in a position where there is a chance that I can fail just out of attrition. If we don’t get funding within the next few months, or start bringing in a revenue, then I will be forced to get a job. And that kinda sucks….

The Value of a Successful Startup

This leads me to the second part of this post: successful startups are a big deal.

When someone makes a Google or a Facebook, they take an idea, and they turn that little bit of nothingness into a great big money making machine. And I don’t just mean for themselves, I mean a machine which makes money for thousands of employees, for all of the businesses that they do business with, and most importantly, tax revenue which ultimately is intended to benefit everyone in society.

When you look at the fact that the large tech companies of the USA (Google, Facebook, Microsoft, etc), those companies have the same amount of revenue as Australia’s largest companies (mining, banks and grocery giants). That is, tech companies which (largely) sell non tangible substances (software, copyright, advertising) to a global audience bring in as much revenue (and much more profit) as companies which have to either extract limited resources from the ground, or sell real goods to consumers, or take a cut of transaction costs of Australians. Clearly non-tangible products sold to a global market is of a far greater value to the Australian population than companies who take a cut out of our own resources?

Getting a Google equivalent company in Australia would have such a huge impact on our economic position that it would be worth investing a lot of money into it, right? When you can take an idea from nothing, to 60+ billion dollars in revenue (again, from people all over the world) each year… that must produce a phenomenal return to the Australian economy in the form of jobs and tax revenue.

Surely this outcome is something worth fighting for?

Giving Entrepreneurs a Fighting Chance

What can we do to help improve our chances of finding Australia’s Google or Microsoft? How about removing that ‘shadow’ that hangs over all entrepreneurs? How about making it so that people feel free to work on projects which don’t make money, and aren’t even certain what the final product will look like, without fear of starving or losing their lives and family?

There are a couple of ways to do this. One option is to make a startup focused system, similar to what the Startup Chile program did, but focus it on Australian startups (instead of global), evaluate a pool of applicants and provide generous grants to a certain number of companies each year, giving them all the oxygen they need to keep pushing their idea uphill. This is one narrow method of solving this problem – though it still suffers some of the same limitations experienced by normal pitching (you need to prove your business worthy and spend time perfecting your pitch before you are likely to get the money).

A better solution is to embrace the concept of a Universal Basic Income.

If everyone had access to a guaranteed income which would be sufficient to ensure food and rent, then you would empower innumerable people to take the risks necessary to chase their startup dreams, and push forward on them relentlessly until they succeeded, or at least exhausted their own confidence. You would empower the exploration of ideas which may seem crazy, but also might just change the world.

The finding of another Google, Facebook, Microsoft or Apple would offset the cost of funding these dreamers many times over. It may not cover the costs of providing a Basic Income to everyone, but that is a wider question already well covered elsewhere. I just wanted to point out that it is generally acknowledged that funding many startups is the best approach to finding ‘the one’ which makes so much money that all of the other ‘losers’ are so insignificant in their costs as to not even be noticeable (<- this is a big link because you really should read this to understand how significant this point is!).

Giving everyone a Basic Income won’t make them all Elon Musks, but it does give them the security to try to be, and thereby the opportunity to prove themselves, or not. The ones who fail get to try again, or return to normal employment, or whatever else they wish without ever facing the specter of ultimate failure (abject poverty). While those who succeed – even if it is just 1 or 2 or 3 of them in total – will earn their way off the basic income into the lands of the ultra-wealthy. Where their business will more than pay for itself and all of its fallen brothers, and where the entrepreneur who made it will also hopefully be happy to pay the high taxes appropriate to their absurdly large income, at peace with the fact that they are only in that position because of the tax-sacrifices of those who came before them, not naively holding on to the easily-disproved notion that they made it ‘all on their own’.

No human has ever made it all on their own. We are a social species, and we depend on each other for everything. Let’s accept that fact and empower as many people as possible, and make the world a better place for everyone.

 

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When you’re stuck in a political ideology, reality looks like a competing ideology.

I just watched the Bolt Report and found myself raging at an interview with Tim Blair (32min in) about the ‘bias’ of the ABC. Apparently all of the main reporters on the ABC are lefties, and there are no conservatives.

This is the problem with ideologues – they don’t see the middle. They don’t see reality. The only see “My position” and “everything left/right of my position” which is clearly biased (because it doesn’t agree with me).

The line which made me lose it was this one:

…on global warming, well you know that’s a fantastically long record of bias. You will remember a few years ago when the ABC actually ran a British global warming skeptic documentary and afterwards Tony Jones had to run a sort of a television counseling session for traumatised ABC viewers. It was hilarious.

Here’s the deal – reporting the scientific consensus is NOT a political ideology. If the ABC reported the GM crops were dangerous, and that wifi causes cancer, or that alternative medicine was just as valuable as real medicine, then you would have a case for claiming that the ABC had a left wing bias (ie: reporting things believed by many left wing extremists, that are otherwise not based in reality), but they don’t. The ABC is designed to report reality, and when your ideological view is so far out of alignment with reality, then that reporting might appear biased to you, but that is because of your own bias.

Playing the non-scientific documentary about climate change skepticism WAS prsenting a bias. A right wing bias, which has no connection to reality.  You can’t assert your right wing ideology as a basis for changing the reporting of scientific facts. End of story.

Bolt followed up the line above with:

the assumption seems to be… that conservative journalists can’t be impartial, but the left can

highlighting my point, which is that if your bias is so far to the right (or left) that you think that objective reporting is biased, then there is nothing anyone can do to help you. Genuinely objective journalists, genuinely reporting the news as objectively as possible look ‘left’ to you, because they are left of your position. This doesn’t make them actually lefties, it is just how the appear to the right.

And similarly, if you ask the socialist groups out there who want capitalism torn down completely, they will tell you that the entire media is right wing. Maybe the ABC needs to get more socialist reporters on it, you know, to balance out all of that right wing bias it has by defending vaccines and denying the efficiency of homeopathy….or whatever it is that pisses the far left off.

You can’t force an objective organisation to start saying that vaccines kill, that GMOs are harmful or that global warming isn’t happening! Doing so is to move it from objective fair reporting towards your ideological bias, and while, obviously, that is the real goal here, I am pretty sure most people would agree that leaving the ABC as an objective source is far more desirable than bringing in a few conservative reporters…which is what Bolt seems determined to do… ‘in order to balance’ the network out.

Because obviously 10 people in the middle of a see saw is always balanced out by one person far out on the tip of ONE side.

 

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Is the singularity upon us?

I feel like the singularity is inching up on us and no one is noticing because they’re all waiting for the fireworks.

Over the last couple of days I have seen headlines about Google’s self driving cars being announced, automation due to cut 50% of all of the US’s jobs, and just now Skype announcing a real time translator service. Oh, I almost forgot – Watson designed a BBQ sauce?!?!?

So of course none of these things are the singularity. But damn me if they aren’t all parts of the future vision we have all been told about for so long. Robots. AI. Real time translators. The general outsourcing of all of our menial tasks and complications in life. Our phones have already taken over our memories, and provided us with instantaneous global chat, voice comms and video calls (4g is pretty awesome, and it isn’t even new anymore), and I don’t think most people even realise that this has happened. It feels like everyone is still waiting for this future, and missing the amazing things already happening.

But just going back for a minute to the automation of our driving, our labour, our translating and to some extent, our thinking, I have noticed lately that it seems like the guys involved in Futurism (see /r/Futurology for example) are the only people genuinely switched on enough about what is happening and where we are going to have the slightest clue how to handle the approaching economic apocalypse.

Seriously – 50% of all jobs about to disappear. Driverless cars putting all taxi drivers, bus drivers, truck drivers….well, all drivers of all descriptions, all of them out of work….

As I joked with my friend on Facebook, the obvious political response to this problem of approaching joblessness will be to cut welfare so that people will be so desperate to get jobs that that desperation will magically create jobs out of thin air.

OR, a sensible person might start considering what is going to happen in a world where ‘jobs’ are no longer what people do. How does our ‘get a job’-centric society deal with the end of jobs?

I don’t think there is a coincidence that the people who have started championing Universal Basic Incomes are quite closely tied in to the Futurist crowd. It is one of the obvious solutions. In a world where costs to produce are approaching zero, and production is growing all the time, it just makes sense that we find a new way to ensure everyone gets a fair share of that arrangement, and those who improve it further get rewarded fairly (by getting more, but not in a way which detracts from the wellbeing of others).

I won’t get into it too much, but I just wanted to say those two things. 1. I think that if you aren’t paying attention to where we are going, then you’re already behind. and 2. Universal basic income is no longer just a crazy hippy commie pipe dream. It is rapidly becoming a necessary next step just to ensure the system doesn’t collapse under revolution.

 

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Australia’s Welfare Needs to be Increased, not Cut Back

I was told over Facebook just today that these new changes to welfare and medicare that The Liberal Party are trying to bring in won’t make anyone starve. Of course this claim shows a complete ignorance of what life is like on Newstart and disability, and also highlights how strong ideological thinking is, where evidence and data are ignored because an ideology tells us that something should be better, so we assume it is better.

Why find out whether people are struggling to survive on Newstart currently, and then get the data on how the new changes will change their situation, when we can just outright assert that there won’t be any real negative change, and then assume we are right?

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Some Thoughts About a Basic Income in Australia

I only heard about the concept of a basic income for the first time in the last year but immediately loved the idea. I especially loved the overwhelming successes which each trial of it seemed to return. Nonetheless I hadn’t taken the time to consider exactly how such a thing would be funded until today.

First of all – what is a Basic income? It is the idea of replacing a welfare system (which only helps people who are in dire need of it) with a guaranteed basic income for all people regardless of whether they need it or not. This overcomes a number of the problems of welfare (the fact that welfare disincentivizes getting low paying jobs for example). But I won’y waste your time explaining the intricacies of the concept or arguing for it here – it has already been well done elsewhere:

And one final point which sticks in my mind whenever I think of Basic income, is the results of a recent study which found the best way to help people in poverty is actually to just give them cash and let them do with it whatever they want: What Happens When You Just Give Money to Poor People?

Australian Budget, Welfare and Basic Income Cost

There is a lot of attention on the Australian budget atm in Australia and it has motivated me to look into our numbers recently. I found this fantastic breakdown of last years budget: Budget 2013. It tells us that last year we spent just under $400 billion dollars. And roughly $138 billion of that went to Welfare.

A fortnightly payment on Newstart (our jobseeker payment system) is worth about $510. If we take the idea that someone is meant to be able to live on Newstart (and that is debatable), then we’re looking at roughly $255 per week.

If we then pay that amount of money to every single person in the country (22.68m) each week, that will cost the government about $5.8 billion per week, or $300 billion per annum. Nearly the entire yearly budget of Australia, and more than twice as much as the current spending on welfare.

It is a bit more complicated than that of course, because usual basic income systems don’t give the full amount to children, so not everyone would get the entire amount. And there would be some level of overhead – but it would be insignificantly small since there would be very little work involved to ensure the payments are made.

Is It Possible for Australia to Have a Basic Income?

Looking at the numbers as they currently stand, clearly we can’t afford it. I mean, there simply isn’t any way we could cut other expenses nearly enough to be able to afford the $300 billion (minimum) of a basic income. BUT, economics is of course more complicated than that. There are of course ways of increasing government revenue. And there are other ways of keeping the overall cost of the basic income down. As I said above, children would receive less for instance.

One idea which came to mind for cutting the cost is to not actually make it universal, but make it universal for lower income earners. As soon as your income (total including the basic income) reaches a certain threshhold ($60,000 pa? $100,000 pa?) your basic income starts to be incrementally decreased. This in effect acts as a steep tax for higher income earners at a specific level, but the real negative of this system would be that it would probably create more overhead and the need to administer the system. A more reasonable approach would be to leave the basic income as a universal system, but simply increase the tax rate of higher income earners overall. So this no longer makes an ‘effective tax’ out of losing the payment, but just increases the amount taxed in our existing taxation system. This method would also be applied more fairly and universally across all higher income earners than just people at a specific threshhold income.

However, it can be said that income tax has a negative affect on the economy (I would argue that the benefits of removing poverty and the lower class and replacing it with a strong guaranteed middle class) would more than compensate for the cost of a higher taxation – but nonetheless, let us accept that higher income tax may have negative affects. So one suggestion is to implement/increase land tax.

And Finally, it is possible for Australia to over spend and go into debt to fund this. Australia currently has the second lowest debt of all of the OECD countries. Our debt is about 60% of our yearly budget, compared to the UK debt which is almost twice their yearly budget, and the US debt which is roughly 4x their annual budget. Of course debt for debts sake isn’t great – but debt to fund an investment can be the most powerful debt possible. Especially when your debt is charged the sort of interest rate that government debt is charged. (To make this point more sound, if you could borrow or at 5% and lend at 10% – would you rather borrow nothing, $100 or $1 billion? If you answered anything other than $1 billion, then you don’t understand maths.)

Why Do it?

If we’re going to have to increase taxes to be able to do this, it better be worth it right? Well, I think the destruction of poverty in a country is a pretty powerful reason alone to do this. This not only affects the lives of those in poverty, but of everyone in society as there would be less crime (less theft out of desperation) and a general improvement of society as more people have the luxury of attending school/college/university or pursuing their dreams rather than feeling trapped by their circumstances.

The benefits of a basic income are numerous, and the long term returns would be immense. I expect most of the article linked to above have already covered that though. So I might just leave it here. It is late. I might proof read this tomorrow or something…. 🙂 Goodnight.

 

(looking at my last few blog posts, it is no wonder my blog will never become popular – who else is interested in economics, drug policy, vaccination, non-monogamy, religion…etc.)

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