One practical reason for a basic income. Maintain effective demand in the
economy. Maintain purchasing power. Going to be hard to buy all that
output without access to purchasing power.
arthur cordell
On Fri, 20 Feb 1998, Colin Stark wrote:
> At 03:34 PM 2/20/98 -0500, Thomas Lunde wrote:
> >Tom Walker answered:
> >
> >If I can try and paraphrase your answer, it would be that we should change
> because "a wage system is no longer appropriate to the way that a modern
> economy works." And because of this, the cost of providing a worker is
> borne by society as a whole and when business becomes more efficient and
> produces more with less labour the costs to society increase. Therefore the
> current system has an imbalance in the redistribution of income.
>
> Thank you for boiling it down
>
>
> >
> >I think many would agree with you but the question I would ask is what
> philosophical reason would justify introducing a Basic Income in answer to
> the unspoken question of those who are benefiting from the current system?
>
> Because!
>
> Because IT IS OBVIOUS!
>
> Just do it!
>
> Who cares about philosphical, hypothetical, theorizing?
>
>
> There are 3 answers -- plus a hypothetical question!
>
>
>
> Colin Stark
>
>
