Side note, I actually believe in UBI, However I have...
The US should implement Andrew Yang's policy of a Universal Basic Income.
Hello, Thank you for this debate. Side note, I actually believe in UBI, However I have debates this topic before, So lets see how you handle some of my previous research :) I am going to outline my points against, And then use the next few rounds to address your points. I have three main points. 1. UBI is too expensive. 2. UBI removes the incentive to work causing a labour/skills shortage that will have a direct impact on the economy. 3. UBI is an inverted for of redistribbution of wealth. The top 1% are being paid from the pockets of the poor. COST A $2, 000 a month per head of household UBI would cost an estimated $2. 275 trillion annually. (thefiscaltimes. Com). The article continues to show that the offsets from not have state and socia progrgams only amounts to 900 Billion. That leaves nearly $1. 4 Trillion as the net cost of the program. Economist John Kay, Research Fellow at the University of Oxford, Studied proposed UBI levels in Finland, France, Germany, Switzerland, The United Kingdom and the United States, And concluded that, In all of these countries, UBI at a level which can guarantee an acceptable standard of living is "impossibly expensive. . . Either the level of Side note, I actually believe in UBI, However I have debates this topic before, So lets see how you handle some of my previous research :) I am going to outline my points against, And then use the next few rounds to address your points. I have three main points. 1. UBI is too expensive. 2. UBI removes the incentive to work causing a labour/skills shortage that will have a direct impact on the economy. 3. UBI is an inverted for of redistribbution of wealth. The top 1% are being paid from the pockets of the poor. COST A $2, 000 a month per head of household UBI would cost an estimated $2. 275 trillion annually. (thefiscaltimes. Com). The article continues to show that the offsets from not have state and socia progrgams only amounts to 900 Billion. That leaves nearly $1. 4 Trillion as the net cost of the program. Economist John Kay, Research Fellow at the University of Oxford, Studied proposed UBI levels in Finland, France, Germany, Switzerland, The United Kingdom and the United States, And concluded that, In all of these countries, UBI at a level which can guarantee an acceptable standard of living is "impossibly expensive. . . Either the level of basic income is unacceptably low, Or the cost of providing it is unacceptably high. (johnkay. Com) LOSS OF INCENTIVE In 2016, The Swiss government opposed implementation of UBI, Stating that it would entice fewer people to work and thus exacerbate the current labor and skills shortages. (admin. Ch) In the US basic income trials occured in the 60s and 70s. Alicia H. Munnell, "Lessons from the Income Maintenance Experiments: An Overview, " bostonfed. Org, Sep. 1986, Concluded that those who received gauranteed paymjetns worked less hours. Economist Allison Schrager, PhD, Says that a strong economy relies on people being motivated to work hard, And in order to motivate people there needs to be an element of uncertainty for the future. UBI, Providing guaranteed security, Removes this uncertainty. (qz. Com). Further to that Charles Wyplosz, PhD, Professor of International Economics at the Graduate Institute in Geneva (Switzerland) says that arned income motivates people to work, To be successful, To cooperate with colleagues, And to gain skills; however, "if we pay people, Unconditionally, To do nothing. . . They will do nothing" and this leads to a less effective economy. I accept that a few statements to not attribute fact. IMPROPER REDISTRIBUTION OF WEALTH Research by the Organisation for Economic Co-operation and Development (OECD) in Finland, France, Italy, And the UK concludes that "rather than reducing the overall headcount of those in poverty, A BI [basic income] would change the composition of the income-poor population" and thus "would not prove to be an effective tool for reducing poverty. " (oecd. Org). Luke Martinelli, PhD, Research Associate at the University of Bath (UK), Created three models for implementation of UBI and concluded that all three would lead to significant numbers of individuals and households who are worse off, Noting that "these losses are not concentrated among richer groups; on the contrary, They are proportionally larger for the bottom three income quintiles. (bath. Ac. Uk) Robert Greenstein, President of the Center on Budget and Policy Priorities, "[i]f you take the dollars targeted on people in the bottom fifth or two-fifths of the population and convert them to universal payments to people all the way up the income scale, You're redistributing income upward. That would increase poverty and inequality rather than reduce them. " (cbpp. Org) UBIs are less cost-effective than targeted welfare programs because many people lack more than just cash. UBI does not cure addiction, Poor health, Lack of skills, Or other factors that contribute to poverty. (brookings. Edu and givingwhatwecan. Org) For the aforementioned reasons I submit that implementing a UBI is not a vialble plan.