405
Why Republicans are fighting the basic-income programs many cities and states are adopting: 'Is money a birthright now?'
(www.businessinsider.com)
this post was submitted on 03 Mar 2024
405 points (99.0% liked)
politics
19145 readers
2591 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
You guys are really bad at understanding basic economy theory.
It works on supply and demand and assumes that everyone works rationally and with full knowledge.
The invisible hand of the market finding the optimal solution is basically the 0th law of capitalism.
Now economic policy, you'll be amazed to understand is about fixing inefficiencies that do not allow for optimal conditions. Tonnes of people go learn about what are the issues with capitalism and how to make it better, that's what economic testing is about. That's why it's better than socialism because it's competitive and strives for change.
If people are forced to work for poverty wages then they are losing their true value and capitalism would be about trying to fix that value. If everyone had UBI that would equate the negotiating position of workers and they wouldn't have to take poverty wages. That's why UBI is the capitalist solution to that problem in capitalism. It allows to market to work the way economists want it to work.
Everything you wrote is great in theory. But in reality...
Optimal solution for whom? It's not an optimal solution for me to work 16 hours a day, but it would be an optimal way solution for businesses who want to maximize the work they get out of their workers. It's not capitalism that got us 8h a day 5 days a week, it was the response to the "optimal" solution that capitalism came up with, which was to work people 16 hours a day, 6 days a week. In a broad sense our current working hours is not caused by capitalism but socialism.
The current RTO wave is another example how capitalism does not find the optimal solution. Research has shown that working from home is just as productive if not more productive than working from office (in addition to being more beneficial for the worker) and yet capital owners are demanding people return to office.
Why do you think socialism is not competitive or striving towards change?
The wages are not following the inflation and wealth gap keeps growing. The so called "middle class" is eroding into "lower class" as the wealth gap keeps making people poorer. This has been happening for decades. Where's the fix?
Where's the fix to climate change that oil conglomerates knew about since the 70s? Oh right, the "fix" was to run a disinformation campaign until the evidence becomes irrefutable and they're forced of oil, because it was the "optimal solution" for making a profit.
What you're talking about is the idyllic version of Capitalism where everything is great and capital solves everything, because that's what's taught to you. What is not taught is that it's not how capitalism actually works.
So it works based on simplifying assumptions that never hold up for real.
and advanced economic theory says that basic economic theory is crap, what you consider "basic economic theory" is woefully outdated and has never been backed by any evidence.
as for the supply and demand crap, it really just boils down to the prisoner's dilemma,
1: A lowers prices & B lowers prices = lower profits for both
2: A lowers prices & B does not lower prices = A has medium profits, B goes broke
3: A does not lower prices & B lower prices = A goes broke, B has medium profits
4: A does not lower prices & B does not lower prices = both have high profits
and remember, the people running A and B have taken some basic courses in math and logic
Ah, so the economists you paid someone to tell you to read are better than the ones they read on their own.
Hey, what's your contribution to the field?
I'm interested in reading a book of yours.
In short yes. There have been a 1000 years of development into the formal education system. That has lead to the industrial revolution and other other countless things.
Youtube videos are great but it's not quite the same.
Fuck all. But it doesn't mean my knowledge of the field isn't in the top 1% of the world.
Bro, you're out here saying Marx was a 1000 year old pre-industrial economist... Might want to reconsider your placement in the rankings.
Pretty sure I didn't say that.
Oh, wow, your point was even worse then. At least there's some validity to calling Marxist models outdated, but trying to pull an appeal to authority from the University of Bologna is a pretty big stretch.
Idk man, maybe if you decide to continue your education so you can contribute to your field put a little more thought into the biases in your studies and reflect on the Socratic definition of wisdom?
Where that falls to shit is the assumption that "everyone works". Only 132 million people have full time jobs in the United States for example. That's just 40% of the population.
In reality is basic economic theory is only useful if you're explaining economics to a child. And you should only start there - you should try to make sure they have a far more comprehensive understanding of economics before they are old enough to vote.