Hello BTC community!
I am a member of the German Pirate Party and am excited about their promotion of the idea of a Basic income guarantee.
You can read about it here, among other places: http://en.wikipedia.org/wiki/Basic_income_guarantee
The idea is that:
1) People are producing more than they need, and with the further development of technology even less people will be needed to produce even more. Since less people will be working to produce, society as a whole would earn less, and therefore the population will not be able to afford to purchase all the goods being produced, eventually leading to bigger and bigger problems.
2) To overcome that, everyone is given a certain sum by the state every month that should provide for the basic amenities of life. Luxury goods will be available to those who can earn more money in the usual way, thus continuing to encourage private initiative.
3) Since the basic amenities will be covered, people will be free to pursue activities not directly related to their survival - like coding for Bitcoin
4) Financing for this whole venture would be obtained by taxes on products purchased and by abolition of unemployment subsidies (among other methods)
Now, this is definitely a big state solution and I suppose that the multi-headed libertarian hydra on this forum will not like it, but I am ready to defend it
Some more arguments already for your critique: the unemployment subsidies + underlying bureaucracy in Germany can be redistributed among the 80 million Germans at the rate of about 12.5k EUR per year. So 1000k EUR of basic income guarantee per month is realistic. This can be further expanded with several different approaches to taxation.
So yeah, I'm curious to see what the community thinks about it.
Thanks for reading,
M
I am a member of the German Pirate Party and am excited about their promotion of the idea of a Basic income guarantee.
You can read about it here, among other places: http://en.wikipedia.org/wiki/Basic_income_guarantee
The idea is that:
1) People are producing more than they need, and with the further development of technology even less people will be needed to produce even more. Since less people will be working to produce, society as a whole would earn less, and therefore the population will not be able to afford to purchase all the goods being produced, eventually leading to bigger and bigger problems.
2) To overcome that, everyone is given a certain sum by the state every month that should provide for the basic amenities of life. Luxury goods will be available to those who can earn more money in the usual way, thus continuing to encourage private initiative.
3) Since the basic amenities will be covered, people will be free to pursue activities not directly related to their survival - like coding for Bitcoin
4) Financing for this whole venture would be obtained by taxes on products purchased and by abolition of unemployment subsidies (among other methods)
Now, this is definitely a big state solution and I suppose that the multi-headed libertarian hydra on this forum will not like it, but I am ready to defend it
Some more arguments already for your critique: the unemployment subsidies + underlying bureaucracy in Germany can be redistributed among the 80 million Germans at the rate of about 12.5k EUR per year. So 1000k EUR of basic income guarantee per month is realistic. This can be further expanded with several different approaches to taxation.
So yeah, I'm curious to see what the community thinks about it.
Thanks for reading,
M