I just read the post by Jason Lewis on Basic Income. This is the first time I encountered the idea. While I applaud Jason’s thoughts for creating a society where there is enough for everyone, the solution proposed is less than optimal. Here is why.
1. The assumption is that as we move forward technologically, there will be less labor opportunities. However if we look at the history of the world we see that where technology has replaced one job it has often created many more. There is no doubt however that the change is tumultuous. What we need, is a system that helps people make this transition more smoothly.
2. Any system that takes away from those creating value i.e earning a salary, and gives that for free to another party, is self destructive. The keyword here is free. Those without a steady income should not be left out of the system but money should not be handed out for free either. There is always a cost, and what this does is move that cost to those who are working. That hardly seems fair does it?
Instead of free money, create jobs where people can contribute in some meaningful way to society. Those looking for jobs can help come up with some of these ways to contribute. But the key is that there is contribution.
That is not a perfect system as there will be much “waste” in the beginning. It is still better than giving away money for free. And over time that system can be optimised as well. That is what we do. We create systems and then we optimise them. We have a long way to go as a species. Lets keep moving forward by discouraging non-productive behaviours.
3. Finally I know a number of people who are by western definitions, poor. Counterintuitively, this is not for the lack of opportunity. I thought about this a lot and can so far only conclude that since we all have different definitions of what it takes to be happy, these individuals are happy by their own definitions. If they were not they would take action. Instead they complain but they stick with what they have.
The idea of Basic Income is funny because I know “poor” people who really think that the rich must be “stupid” to give away free money. Consequently it their social circle it is seen as dumb not to take that money. One is even more “stupid” if one works at a job that pays the same or similar amount.