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@mikerichmond1.bsky.social

50 Followers  |  355 Following  |  11 Posts  |  Joined: 22.11.2024  |  1.6949

Latest posts by mikerichmond1.bsky.social on Bluesky

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I struggle to see it as a "tweak", since it would fairly dramatically change outcomes and choices for quite a large group, depending on the level it was set at. Something like the post tax income per centile shift I sketched below is a massive change.

15.12.2024 12:31 β€” πŸ‘ 1    πŸ” 0    πŸ’¬ 2    πŸ“Œ 0

You really think it is not different to what we are doing already? Wow, I guess you have never interacted with the welfare system, or know anyone who has.

15.12.2024 11:57 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0

And completely unobjectionable also? However, as I pointed out, it is practically entirely different from any welfare system that has ever been actually implemented. Therefore fairly remarkable.

Either it is unremarkable and unobjectionable, or it is remarkable and open to criticism. Which is it?

15.12.2024 11:33 β€” πŸ‘ 1    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0

The strawman is I have never heard anybody suggest that a UBI would be unfunded, or would be entirely funded by public borrowing. So it's a strawman. You are pretending that UBI advocates propose something they don't propose, which is pretty much the definition of a strawman.

15.12.2024 11:02 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0

Sure. I expect everyone would notice. They would have to be pretty stupid not to. But the primary criticisms of UBI are about equity, fairness, and incentives, not making strawman claims about inflationary impacts. I am not a huge fan of UBI myself, but I am a fan of making sensible criticisms.

15.12.2024 10:50 β€” πŸ‘ 1    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0

But it isn't identical to any benefit system currently in use, because we don't have large universal benefits that don't have significant barriers to receive them. The other major objective is to change how certain choices are made by poor people, rather than to create lots of new money.

15.12.2024 10:48 β€” πŸ‘ 1    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0

It is done to different people. Means testing is a burden and a hoop to get through on the poorest. Tax assessment (provided you have a moderately rational tax system) is a trivial load on almost everybody, and only a burden on quite affluent people.

15.12.2024 10:39 β€” πŸ‘ 1    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0

Well, the 3rd post mentions the point, it just doesn't recognise that it undermines your inflationary claim almost entirely.

15.12.2024 10:34 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0

The difference is that it isn't means tested. Taxes are assessed, which is very different from means testing a benefit. That's the point.

15.12.2024 10:32 β€” πŸ‘ 1    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0

Obviously not, since you take the UBI from higher earners in tax, so that is deflationary by the same amount. You seem to have missed the point entirely.

15.12.2024 09:48 β€” πŸ‘ 1    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0
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Because the dollar represents other currencies as well. Supplies from China are more expensive. Here's the Ruble against the Yuan.

02.12.2024 07:24 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0

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