Post
Topic
Board Economics
Re: What would happen if everyone got 1000 USD every month?
by
phelix
on 09/12/2012, 17:43:04 UTC
possible duplicate of https://bitcointalk.org/index.php?topic=109958.0  ( Basic income guarantee - opinions&criticism welcome)

from there:

[...]
I welcome it in a very pragmatic sense for drastically reducing bureaucracy of our social system (only in theory though... we're in Germany after all  Roll Eyes). I furthermore welcome the idea of eliminating existential fears, which I'm confident will create a better and more human standard of living with more care and happiness, and I do believe (unlike most libertarians) that a society with insufficient equality can not realize its full potential.
[...]
this

Bureaucracy is growing like cancer in Germany and is already suffocating the country. Like many things the welfare system is just too bureaucratic. There does not have to be a difference in the financial result for anyone compared to the current situation, basic income would just make things much easier and probably also have some positive psychological side effects.

Of course there needs to be something (majority vote?? ??) to keep the basic income from ever increasing.
[...]

so what would happen? if done right it would make the social system more efficient and make people happier. but the chance of politicians abusing it is quite high ("vote for me and I will double the basic income").