On Tue, Dec 16, 2014 at 1:24 PM, Jed Rothwell <[email protected]> wrote: > > John Berry <[email protected]> wrote: > > >> Why would it incentivise crime?? It would incentivise work. >>> >> >> This is all predicated on there not being enough jobs. >> So some people are going to have to make do with just the insufficient >> universal income. >> > > After a while I think the US would join Europe in making the 35 hour week > mandatory (meaning if you work more than that you have to get overtime > pay). This would open up still more jobs. >
This would undo one, perhaps the, primary benefit of Unconditional BI: Disintermediation of the government's welfare state aparatus. In order to more completely disintermediate the government, a liquid-valuation net asset tax would have to replace not only taxes on economic activity, but the regulatory behemoth that intervenes in the operation of the free market -- regulation that thereby opens the government to regulatory capture by crony capitalists as well as other forms of bureaucratic corruption. You could do away with anti-trust laws and "too big to fail so we have to regulate you" excuses for government intervention -- replacing them with the tax on liquid-valuation of net assets distributed as a citizen's dividend under the UBI.
