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Forgot About Keynes
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So we can't have redistribution to the poor because the rich will throw a tantrum? Tough. We're going to have redistribution one way or another. If income and wealth isn't being sucked downwards to the poor, it will be sucked upwards to the rich. That's what has been happening for three to four decades. The question isn't whether it's possible or not. Collectively, we've sent people to the moon and back, produced computers and the world wide web, put thousands upon thousands of man-hours into political co-operation (the EU, international treaties, etc) ... Have some imagination! The problem with basic income programmes (and social security more generally) aren't that they're impractical or unfeasible, it's that they threaten the incomes and wealth of the richest ... but what are we going to do, just let inequality get worse? Come on.
Toggle Commented Jan 27, 2015 on Basic income: some issues at Stumbling and Mumbling
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Jan 27, 2015