5 ms·
UBI essentially occurs for everyone in the United States at age 67. It is called Social Security. "Works" has not been defined in this article, and I'm not sure
by deviantbit 3y ago
UBI essentially occurs for everyone in the United States at age 67. It is called Social Security. "Works" has not been defined in this article, and I'm not sure by reading it I understand what that means. If it were implemented for the population at large, this would drive commodities, and housing prices up. Also, with no limits on its use, drug use would most likely increase, as would crime. This would also incentivize further immigration problems. As other programs with good intentions, this would quickly spiral out of control. Approximately $1.7 trillion dollars of our deficit is spent on Medicare/Medicaid.
That is more than a third of the total revenue of the United States. I do not see how UBI or GBI would benefit anyone other than those unwilling to work.
There are two books I would recommend people read. The first is Understanding Capitalism: Competition, Command, and Change by Martin Wolf, and the second The Crisis of Democratic Capitalism by Bowles. Both go into detail the problems we are facing. The first book was a text book one of my kids had for their economics course. I decided to read it out of curiosity. It changed my view on several key issues.
Futhermore, the UBI experiment in Finland failed. Every notable economist agreed, Finland's own report showed it was a failure. They noted not only the economic failure, but also the social failure, with their populous overwhelmingly feeling there was an unfairness in the system.
Let me tell you how Medicaid/Medicare is being abused. You might find I'm cruel, or I don't love my mother. But here are the facts. My mother went on Medicare in 2007. She had two different cancers. Medicare picked up the tab up for both. Treatment for each one was well over $1 million dollars. She then had both knees replaced, both hips replaced for a total of almost $450,000.
Then COVID came. She refused to get vaccinated. She was placed in ICU for 60 days on a ventilator. Furthermore, she had a heart attack, and her stomach ruptured while on the ventilator. How she survived is beyond me. The total bill picked up by medicare was well over a million. She viewed it as her right. She is a Woodstock hippie, everything had to be natural, and kept those beliefs until she was old enough to get on Medicare.
I don't think we understand what we're doing when we allow this kind of gross spending and how it works in our political system. For me, if I require millions of dollars to keep me alive, let me die. I don't want those costs passed onto my children and the next generation. If I'm so poor I need UBI, I would hope, I would do something not to cause others to be inconvenienced and work.
Be careful of the government programs you want. The people you think won't abuse them, will absolutely abuse them. I feel UBI would be disastrous, but would be abused and further corruption in our country.