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Should There be a Universal Basic Income (UBI)?
A UBI erodes the personal and societal incentives for financial responsibility, self-improvement, and hard work.
A UBI grows people's sense of entitlement and makes it harder for them to see the value of hard work.
When a basic standard of living is available to all,
some people will not contribute
to its upkeep. This selfishness creates
resentment in those who do contribute
; an aspect of human nature that a UBI plays out on a much larger scale than previous redistribution schemes.
UBI reduces people's incentive to be productive and make money.
A UBI enables people to work less or leave the workforce permanently.
This presupposes that those are virtues. However, these are merely tools that allow people to improve their living conditions or accomplish a goal when needed.
Being rich achieves the same effect. Since we accept and encourage wealth in society, this would not be a reason to protest the implementation of a UBI.
Some people might be highly internally motivated, by psychological and/or sociological factors, rather than purely due to external factors. Therefore, a UBI is less likely to substantially change their behavior.
A UBI actually enables and encourages all of these things by providing a stable safety net. People would have a greater capacity to develop these values instead of diverting their focus to mere survival (i.e. no more
The UBI is an additional payment within a capitalist economic system. It does not change either the prevalent economic system or the incentive scheme.
Existing income sources (like welfare and high-paying jobs with high tax brackets) disincentivize and penalize people for their hard work. A UBI would solve these issues, so people can move away from what reduces people's incentives to work.