TangerineX
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TangerineX4 karma
The concepts of UBI and Automation are not necessarily tied. One way to implement UBI is simply by applying a negative tax rate (i.e. if you make below a certain amount and you qualify, you get paid by the government instead of paying taxes). "Where do you get the money from" is answered by removing ineffective welfare systems, as well as a high curved progressive tax. You can think of UBI as a way to say "instead of welfare, you just get money," which pumps more fluidity into the market as well as decreases government bureaucracy. Why is it ok to raise higher taxes on corporations? One of the important parts of UBI is that you do not need as high of a minimum wage, because your wage is subsidized by the government. Firm pay less for labor, which means they can hire more, which decreases the cost of labor relative to capital.
Automation is simply the concept that as humanity makes innovation, the price of capital decreases, relative to the price of labor. As such, firms can produce the same amount of product with fewer people working. As such, it is conceivable that there are labor shortages in the future. UBI isn't exactly a result of this, but it's a possible solution to this.
TangerineX2 karma
Hi Andrew. I noticed that your beliefs on foreign policy is largely missing from your policies page. Can you speak about generally what your stance towards foreign policy is?
TangerineX15 karma
What advice do you have for people who want to start lifting? Also, when was your biggest slump in performance and how did you overcome it?
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