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/biz/ - Business & Finance


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9539549 No.9539549 [Reply] [Original]

>> No.9539569

>>9539549
GIBS FREE MUNNI

>> No.9539572

Centralised garbage.

>> No.9539573

People won't have a choice anyway. You might not realize how bad things automatization is going to make things for some people, but although it looks like an utopia on paper, in reality it just makes 99% of humanity dead weight, and that very likely includes you and me. If governments don't want complete societal unrest, they'll have to make it so everyone gets an allowance so that they can still feed themselves and have a roof over their head, until they find a way to cull the population.

>> No.9539581

UBI is just the final trap to ensure an oligarchic state. The vast majority will get their pittance while the oligarchs get their billions. Not whining myself, I intend to be one of the oligarchs.

>> No.9539614

>>9539581
Yep, it basically put you back in a kid's position with your corporate parents giving you money in exchange of following their rules because they know better than you. At least with the current system, you can choose who you work for and change job whenever you want, which at least gives you some degree of liberty. That's what's going to be taken away.

>> No.9539622

>>9539549
Hope you enjoy capital gains taxed at 75%

>> No.9539637

>>9539622
"Hurr durr but anon, you get ubi too hurrr"

>> No.9539679

When 90% of jobs are automated how can society exist without UBI or a similar system?

>> No.9539694

>>9539622
TRY 95%

>>9539573
you are the spawn of satan

>> No.9539701

>>9539549
>the 48% that don't pay any net taxes support basic income.

>> No.9539702

>>9539679
>90% automation
we can cross that bridge if/when we come to it. for now, communism can fuck off.

>> No.9539707

>>9539679
>letting jobs get automated
>not being self employed and making money for yourself
Oy vey we got a good goy over here. Yes good goy, here is a pittance of a shekkle goy

>> No.9539709

>>9539614
> you can choose to work for Mr. Shekelstein or Mr. Silverberg! Literally limitless choices!

>> No.9539715
File: 98 KB, 720x960, 90726dc.jpg [View same] [iqdb] [saucenao] [google]
9539715

>>9539549
UBI will just cause inflation... back to square 1... can't just print your way out of problems... Good luck getting wall street to pay for UBI, they don't even pay taxes.

>> No.9539716

48% of Americans cannot survive on the wages they earn
need something to supplement it

>> No.9539731

>>9539549
economics brainlet here. but wouldn't this cost anywhere from 2 to 3 trillion annually? how could we possibly sustain that?

>> No.9539747

>>9539716
but how will we keep our CEO's in yachts and pay for $MM golden parachutes for bankrupting their own companies if we expect them to pay decent wages?

and i'm not saying fuck the rich entirely, but there's a point where the "job creators" have to actually create jobs, and pay them. people accumulating and sitting on billions in wealth and doing nothing with it isn't helping things.

>> No.9539748

>>9539716
If you give them more money, things will become more expensive. It’s real basic shit, you can try it when playing the board game monopoly.

>> No.9539778

hyper inflation when sir?

>> No.9539799

>>9539573
whats the point of automation if the goods and services that are being automated cant be consumed because mindless consumers no longer have a wage?

just accept that the USA is the next brazil

>> No.9539800

>>9539679
To be honest, once the bulk of humans aren’t needed to prop up the economy anymore, there’ll be a cull. Why have a large number of people fighting over the same resources when you don’t need them for building or buying shit anymore? Expect some sort of virus.

>> No.9539804

>>9539549
Unironically end the minimum wage

>> No.9539844
File: 109 KB, 452x798, 56% amerimutt recipes.jpg [View same] [iqdb] [saucenao] [google]
9539844

>>9539549
>48%
Well, 100-56=44 so that's pretty close.

>> No.9539922

>>9539747
You should be put up against the wall like every other commie. Fuck you.

>> No.9539934

>>9539748
impose fines and sanctions on companies that exploit
pretty simple

>> No.9539940

>>9539922
>being a kike banker boot licker
Lmao you dumb fuck alt right faggots are so retarded

>> No.9539942

>>9539934
Kys.

>> No.9539954

>>9539940
>everyone is alt right for a retarded leftist
Good job outing yourself, you jealous piece of shit.

>> No.9539962

>>9539942
>I'm fine with kikes controlling 98% of the world's wealth and lobbying government to protect their profits
I bet you think it's perfectly fine apple and Google and Amazon pay less than 1% tax

>> No.9539973

>>9539954
>mega rich families that have controlled nations for generations should be able to do so because it creates the illusion I have opportunity to achieve such levels in my life even though it is impossible

>> No.9539975

>>9539962
Fuck off commiejew. The day of the rope is drawing nigh for you and your kind.

>> No.9539977

>>9539573
Automization will just kickstart the next industrial evolution but instead of the majority of america working in factories they will be sitting on computers coding automated prcoesses.

>> No.9539980

>>9539940
It's all they've known their entire lives...
Change sounds scary even when it's to fix a broken system. Truly the dumb illiterate peasants of our times.

>> No.9539982

>>9539549
Every experiment with UBI has failed but you stupid lazy morons still have hope. Heres an idea, maybe put down the video games, get off your mothers couch and get a fucking job losers

>> No.9539989

>>9539962
>paying taxes to support wars on behalf of the kikes in the Middle East and fund Jamal’s welfare check and food stamps

>> No.9540004

>>9539982
Classic wagie boomer cope

>> No.9540015

When LINK hits $1000 eoy, I'm buying monero and zcash and some rations and land in New Zealand.

>> No.9540017

>>9539980
The change will come with decentralized governance supported by blockchain and free market. Not through your moronic utopia devised in order to honeydick poor and stupid people (You) into giving up their liberty for the elite.

>> No.9540021

>>9539804
Oy vey, that's right, the goyim make too much money.

>> No.9540023

>>9539989
they pay more tax, you pay less :^)

>> No.9540051

>>9540023
>companies now forced to pay more in taxes
>the tax cost is hidden in the rising cost of services and taxes

>> No.9540053

i know if majority of people were offered this shit irl they would take it rather than work a shitty 40 hour work week, this post is concerning as fuck

>> No.9540060

>>9540051
>and products

>> No.9540073

I work at faang+m company

The amount of people getting paid $200k+ who are vocal about "we can afford it so we should have higher taxes to support a ubi" is fuckin g insane

I mean

Speak for yourself notherfucker. My effective tax rate is over 40%> how am I going to retire in less than years

I worked to get a job at a company like this so that I could save a shitload of money and retire early, not so that I could pay more taxes and enjoy a slightly shinier car while I wagecuck for years like everyone else

If I wanted what everyone else got I would have just done what everyone else was doing

>> No.9540097

>>9540017
Of course it will my dear serf, but what about when human labour becomes obsolete? How will capitalism and free market work when the core essential is revolved around people actually having purchasing power to buy shit they don't need.

I'm a programmer so i know i'll always have work, can't say the same for the rest of you.

>> No.9540098

>Believing ANYTHING the mainstream media spew out...
I remember not that long ago similar polls out there saying that Trump will get 5% max in the elections...

>> No.9540110

>>9540073
This. I make around $150k and why should I give a fuck that no one else wants to work as hard as I did to get qualified and obtain this career? I’m supposed to essentially pay for them to live out of my own pocket because they’re too fucking lazy. Get the fuck out of here.

>> No.9540111

>>9540097
>How will capitalism and free market work when the core essential is revolved around people actually having purchasing power to buy shit they don't need.
Ever heard of a stake in company?

>> No.9540117

way to push an agenda - it's not us th ebig guys telling you how it's gonna be, it is you THE PEOPLE who actually want it that way.

>> No.9540130

UBI is literally a prole enabler. Why would anyone want the most retarded part of the population stuck in dead-end jobs because they’re fucking stupid to have an easy life? All of them are going to have kids to claim more gibs from the government and 1 generation later you will have an entire social class of people dependent on UBI. It’s a fucking Ponzi scheme and it’s not sustainable.

>> No.9540160

>>9539549
what people ITT and in general fail to grasp is they are already paying what is equivalent to or more than UBI through medicaid, housing assistance, SNAP, and other federal, state and municpal programs

>> No.9540172

>>9540160
>government is a scam
Would have never guessed. Thanks for your insight.

>> No.9540175

>>9540110
The people pushing this shit are just lazy fucking losers. They would rather destroy a system that actually works rather than actaully do any work. But in reality, if they are too lazy to get a job do you really believe that they are going to have the motivation to change anything. Bunch of neckbeards sitting in their feces covered underwear

>> No.9540199

>>9539549
Is the US already only 52% white?

>> No.9540204

>>9540172
not saying its not. even to your point, UBI would reduce government spending by ending things like snap and housing assitance. this debate would be better if people werent spooked about costs

>> No.9540244

>>9540204
If you think people are just going to give up their bennys then you really are retarded

>> No.9540287

>>9540073
>If I wanted what everyone else got I would have just done what everyone else was doing

legit post

>> No.9540412

>>9540097
>>9539980
Marxists arn't very bright if they support UBI, they will support it though because they're always useful sheep for some ruling class. Whether it's the bureaucrats in a totalitarian communist state or an oligarchical capitalist state.

There will always be a ruling class in society, you must be able to adapt within any system so you can join this ruling class. Crypto is probably for the vast majority of us, the last chance to get our ticket and /make it/.

>> No.9540432

>>9539549
>48%
Isn't that the number of non-whites in the US?

>> No.9540457

>>9539701
Nailed it.

>> No.9540460

>>9539977
Coding will be automated too. I don't think you realize the implications of AI and machine learning. Your job will be gone too anon.

>> No.9540497

>>9540204
>UBI would reduce government spending

You're deluded.

When inflation kicks in because less and less people are producing while more and more people are consuming, you think there's not going to be opportunists offering a 1% raise on their UBI if they vote for them?

UBI is a race towards 100% taxation.

>> No.9540502

>>9539747
This must be b8. People who save fiat in institutional accounts provide the fraction of reserves needed for lending for other people's mortgages, business loans, auto loans, etc. Our economy wouldn't function without that. Also, there are maybe a handful of people on this planet who are "sitting on billions", as opposed to those who own billions in stock of their corporations, for example.

>> No.9540521

>>9539934
Or tax mindless consumerism to discourage it? If those of types industries were less profitable and economically discouraged, the issue would be much smaller.

>> No.9540530

>>9540460
Have you ever actually known someone on government assistance? They don't do great things, anon. They sleep.

>> No.9540533

>>9539982
You completely miss the point of UBI you boomer cuck. It's not because people are lazy, it's because they won't have a choice in couple years and will be without a job anyway due to AI and machine learning. Self driving cars will be first to eliminate jobs around uber, taxis and logistics in 5-10 years.

>> No.9540541

>>9540533
Stop whining and start buying stocks you fucking cuck.

>> No.9540545

>>9540530
>>9540533
Yeah, childbirth will be regulated soon too.
Once artificial wombs come out, people will be sterilized at birth

>> No.9540551

>>9540530
And? If they want to it's their choice. If they want to travel the world or start a business they are free to so so. Or learn a new hobby, whatever.

>> No.9540555

Universal basic income is mass welfare. Welfare is dysgenic. You faggots are insane. https://hooktube.com/watch?v=NgGLFozNM2o

>> No.9540561

>>9540541
I don't need to, I'm already fairly rich in cryptos, likely will have $10+ million in couple years. It's the normies that should be worried.

>> No.9540564

>>9539679
Okay, just tell me how are you going to automate everything without fuckhuge investments that aren't going to be all profitable (no point building automation infrastructure il old cities, for example).

The welfare state, the worker rights and the minimum wages are going to crumble, only to keep people employed.

>> No.9540567

>>9540555
That's why UBI will most certainly result in childbirth control

>> No.9540582

>>9540533
The vast majority of people are either going to be culled violently, or sterilized and given one lifetime of bread and circuses.

>> No.9540594

>>9540460
It won't be coding, it will be investing.

People will stay at home either moving money or holding stock ownership of robot factories. Parents will kickstart children's economies and there will be jobs in entertainment. Education will be geared towards teaching children how to recognize opportunities.

Rich people will demand artisan made products and services cause mass-produced products will be perceived as plebeian.

We'll reach a new age of arts and architecture.

Tourism.

If you think you can do away with market allocation of resources and have a prosperous economy then you're retarded and should be put down before your ideas spread.

Who do you think will be to blame for economic failures when country A does UBI and country B doesn't? Communists cannot compete, so they try to kill. UBI will be the beginning of war.

>> No.9540600

>>9540567
If that were going to happen we'd already see women on welfare being required to be on birth control.

>> No.9540613

>>9540551
How can you want to steal one person's productivity, reallocate it to another person, and give no punishment to the recipient for wasting it, and still sleep at night? Why would you knowingly remove the motivation to make an individual value his own labor by taking care of his every need for him? The only way that a person should be eligible for the capital to start a business is if he saves it himself or if he can get someone else to trust him with it, whether its through his credit score or a wealthy family, etc. Don't force me to bare the cost, risk, and loss of every idiot's 'quit my day job bar&pub' and 'tupperware knitting herbalife parties'

>> No.9540620
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9540620

Daily reminder UBI is a fucking scam and what we really need to do is END CENTRAL BANKING.

Holy shit wake up.

>> No.9540624

>>9539573
Why dont you fucking idiots understand that this will simply create a high wage service sector economy?

>> No.9540630

>>9539679
It's called DEFLATION you fucking idiot.
People would work 1 day a week at a restaurant or something and this would buy you what an entire weeks pay used to buy you.

Jobs would be PLENTIFUL

>> No.9540639

>>9540630
This, it makes more sense to just limit work hours or some such thing. UBI would destroy society more than 2 days of work a week.

>> No.9540641

>>9539716
then end central banking

>> No.9540653

>>9540639
its incredible that people dont fucking realize the problem is central banking

deflation means automation actually benefits us
people would work 2 weeks out of the year and party the rest of the time

there would be a massive service sector industry to replace this

holy shit fuck central banks for cucking us and raising prices

>> No.9540681

>>9540594
This anon is smart. He gets it.

>> No.9540688

>>9540620
>comparing wages adjusted for inflation with housing prices unadjusted for inflation
Nice scam desu

>> No.9540707

>>9540594
Also people without capital will more or less be forced to take the absolutely shitty jobs that are too costly/hard to automate. We are going probably to see a fucking ton of old jobs who were phased out besause of labour laws coming back.

>> No.9540713

>>9540653
How does 2 weeks worth of your waiting tables at any establishment translate into getting people to wait on your table for 50 weeks?

>> No.9540728
File: 51 KB, 561x585, 1512639154882.png [View same] [iqdb] [saucenao] [google]
9540728

>>9540713

>> No.9540735

>>9540688
its all adjusted for inflation brainlet

>>9540713
because most things are automated, so prices are lower

>> No.9540736
File: 7 KB, 420x420, b36.png [View same] [iqdb] [saucenao] [google]
9540736

>>9540097
You are deluded if you think human labour will become obsolete in our lifetime, we are nowhere near having infinite energy or building an universal assembler.

The real problem is dysgenics and letting low IQ population breed like rabbits anyway, if everyone but east asians and europeans suddenly vanished from earth and we had eugenics laws we will be infinitely better off as a species.

>I'm a programmer so i know i'll always have work, can't say the same for the rest of you.

Grunt programming will be one of the jobs the most easily automated by AI, programmers will basically be the town scribes of our times, only a small portion of them (the highly skilled developers) will remain relevant to design software architectures.

People like you make the mistake of thinking that only physical/low skilled jobs will be made obsolete but it doesn't work like that, even so called "creative work" (writing, painting/drawing, music) is already being automated.

Typically everything that has been computerized in the two last decades will be easily automated, the hardest jobs to automate will be the ones asking for a relative flexibility and where situations are at least somewhat unpredictable on a daily basis.

>> No.9540741

>>9540624
It will require too much intelligence for the masses, and apart from the pretty people prostituting themselves or doing other service work, there are limits to the appetites of the actually productive for indulging in services. The service sector will grow as a result though, but not nearly enough to suck up all the useless workers.

>> No.9540752

>>9540741
>but not nearly enough to suck up all the useless workers.
yes it would,
if you only had to work 1 day a week then there will be plenty of jobs available

>> No.9540759

>>9540707
Internship in the atelier of a master shoemaker for a year should provide enough to start investing and living off capital gains at that point.

And these ateliers will have a lot of people working in them because people will not want just shoes, they will want to be guided through the process of creation, in the same way richfags today are paying absurd amounts of money to a guy who puts salt and cuts steaks in a theatrical way.

>> No.9540780

>>9540736
I have to say that actually people with jobs in industry are the luckiest : most of the jobs available for easy automation in the industry have already been automated or outsourced.

I used to do r&d in a factory where all the production was automated, monitored by 20 guys in a control room. Only manual jobs there were the litteral army of guys paid to do the maintainance on robots.

>> No.9540781

>>9540752
My guess is the equilibrium will be somewhere at 6 hours, 3-4 days/week for the common plebs. Stockholders won't have to work at all.

>> No.9540794

>>9540752
>Every time your employee shows up for work a week will have gone by
>Every time your employee works it will be the day before they're off for a week
Have you ever worked? Be honest, anon.

>> No.9540796

>>9539573
because doing a menial job 8 hours a day doesn't make you dead weight

>> No.9540823

>>9539549
My dad owns a factory that if sales continue on track this year, will bring him personally an after tax profit of just under 600 million dollars by the end of December. Why should I be worried about your dumb ass wage cuck problems?

>> No.9540829
File: 169 KB, 816x512, working hours.jpg [View same] [iqdb] [saucenao] [google]
9540829

>>9540781
>>9540741
>>9540713
>>9540794
People used to work 16 hours days 7 days a week before economic freedom and the industrial revolution.

Working hours went down because REAL WAGES increased thanks to deflationary currencies. People had more money so they didn't need to work as hard, they found jobs that offered lower working hours.

This trend of increasing real wages and lowering working hours would have continued if we didn't get central banks which destroy ALL of the benefits of automation.

If capital goods and consumer goods get mass produced, the cost of production is super cheap and 1 day of work would get you what a week used to get you.

We need free markets and free banking.

>> No.9540839

>>9540829
Why did you even reply to me? I'm not arguing with you.

>> No.9540844
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9540844

>>9540502
>>9540613
>>9540823
>fractional reserve banking is good
>if you can't get a loan then you're trash
>my dad makes 600 gorillion dollars

>> No.9540853

>>9540839
so more people see my point

>> No.9540854

Didn't read the thread, but can't a UBI just be completely disproven with a simple napkin calculation? They all say that it won't cost any more than the existing scheme, but that's clearly untrue.

Just take the monthly payout, multiply it by the adult population and you've got the overall cost.
Alternatively, you could divide the current combined expenditure on all welfare, SS, Medicare etc by the adult population to figure out how much everybody would get.

For example, take Australia.
>Total social security and welfare: $164.1bn
>Total adult population (15+): 20,450,964
>Monthly payment: $668

Can someone prove me wrong?

>> No.9540880

>>9540844
Wait how did you know that I am Jewish?

>> No.9540884

and 44% are not white

>> No.9540889

>>9540735
Nope, just checked it.

>> No.9540898
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9540898

>>9540854
>multiply it by the adult population
But who will pay for their children, anon?

>> No.9540901

>>9540889
check it again, you're wrong

>> No.9540906

>>9540502
>Also, there are maybe a handful of people on this planet who are "sitting on billions",

Isn't it mostly corporations? Like Apple has a shit ton of cash. I suppose whoever controls Apple controls that pile of dollars by proxy.

>> No.9540910

>>9540898
I was being generous.

>> No.9540921

>>9540901
No, the housing prices in you stats are definitely not adjusted for inflation (it would say "Real median sales prices" or "Median sales prices adjusted for inflation").

>> No.9540934
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9540934

>>9540910

>> No.9540948

>>9539679
Until it happens in mass, automation is a fucking meme just like decentralization

>> No.9540951

>>9540921
it literally shows in the left side of every graph that is IT ALL adjusted for inflation

you're and idiot, give up

>> No.9540961

>>9539549
>it's another anons think UBI is straight up communism gibs thread
You fucks need to realize it's inevitable unless you want cannibalism as the norm.

>> No.9540975

>>9540906
No, the way the economy works and valuation of corporations work is purely especulative. Apple doesn't have a pile of billions, they are perceived to be worth that.

The price is the minimum amount investors would sell their stock for multiplied by the amount of investors, but that price can quickly crumble if enough investors reduce their pretensions due to black swans.

>> No.9540988

>>9540921
ALSO go on their website yourself

This is what it looks like with both values NOT adjusted

https://fred.stlouisfed.org/graph/?g=jUN0

>> No.9540991

>>9540975
It is not "purely speculative". Your trading might be, but many institutions value a company based on its balance sheet, future earnings potential, and a P/E ratio range usually based on the other companies in the related industry. Rapid price swings generally happen due to news and changes in public opinion rather than rapid changes in the value of the company. But you're right in saying that its really worth whatever someone else is willing to pay for it.

>> No.9541003

>>9540975
Apple is sitting on about 200 billion with 180+ of that overseas.

>> No.9541008

>>9540988
Fair point, how does compare a 2017 house to a 1967 house in the US ? Size, quality, location ?

>> No.9541010

>>9540991
Calculation of future earnings potential is speculation.

Their wealth is built upon the belief that they will continue to grow, but that belief can quickly change if, for example, many investors started selling off. The last stock would be sold for 0.

>> No.9541018

>>9540961
This has already been debunked in this thread
fuck ubi

>> No.9541028

>>9541003
Apple has a bit more than 15 billions in money, everything else is in assets and securities.

>> No.9541036

>>9541008
You and 3 other family members can live in it.
Basically all that is important.
Also if the technology for housing is improving, the price should be coming DOWN, not up.
Also if it was possible to have houses that cheap back in 1965, why not build the same exact houses today at the same inflation adjusted price?
Oh wait, it turns out the quality of the house is mostly irrelevant to the discussion and the real reason housing prices have skyrocketed is central banking.

>> No.9541047

>>9541010
For the sake of those who read what you write but do not understand, please do not confuse the year-over-year growth of an industry leader with horse racing.

>> No.9541053

>>9541003
That's not accounting for debt, securities, and so on, as the other anon said, the number is roughly 16 billion

>> No.9541055

>>9541036
Houses can be built super cheap. It's the land that is expensive.

>> No.9541060

>>9541047
I'm not confusing, it's not my fault the word speculation is misrepresented so often.

>> No.9541063

>>9539975
Is there any reason to give the biggest companies the biggest tax cuts though? These multinationals have weaseled around the system long enough, it's not even a leftist thing, Hitler was against that too.

>> No.9541068

>>9541036
Central banking ? How did the materials, then land prices varie ? How did the rural flight affect it ?

>> No.9541069

>>9541055
okay, central banks have caused land prices to explode as well

>> No.9541080

>>9539709
>implying we don't all in reality work for the Bogdanoffs

>> No.9541086

>>9541068
>How did the materials
I talked about the materials in the post you just replied to.

>then land prices varie
housing and land prices are tied together

the central bank inflates the price of them both so it's hard for people to afford them, and if they can afford them they have to pay a larger portion of their income towards housing

>> No.9541099

>>9540624

>implying that new sector needs as much people as simple labor
>implying most people are capable executing complex tasks
>implying 99% of humanity has 'utility' for high profile work after machine learning gets serious

Universal income is a must but also a privilege. We'll be able to live a simple but good life where everyone gets satisfied his basic needs. We've already overproduction of goods - why don't we allocate them correctly?

Cyber socialism is comming.

>> No.9541115

>>9541099
Why don't you donate all of your money to some African peasant?

>> No.9541141

>>9541068
Quantitative easing tends to direct money towards inelastic demand products such as housing, education, healthcare, etc.

It's simple, if everyone counts with more money, people whose product's demand is elastic cannot absorb as much of this new liquidity as people whose products demand is inelastic.

If everyone was given 1M$ tomorrow, potatoes would cost more or less the same, houses, however, would cost way more.

That's why central banks usually help the elite, because the elite is precisely positioned in those economic sectors where money is directed towards when the central bank prints. Thats why most of them advocate for redistribution/welfare state, too.

>> No.9541142

>>9541099
>>implying that new sector needs as much people as simple labor
there would be far more service sector businesses because the economy would be able to support it and creating such a business would be super cheap because the price of capital is cheap(thanks to automation)

>>implying most people are capable executing complex tasks
This would mean the skill level required to make good money would go DOWN though.

>Universal income is a must but also a privilege.
UBI is a fucking joke and anyone with a brain will fight violently against it's implementation.

>Cyber socialism is comming.
I can't wait for the day all of the socialists get thrown from helicopters.

>> No.9541143

>>9541053
Apple has total assets of 375b and debt in the amount of 100b. They've got 20b in cash and 53b in short-term securities. Saying they aren't sitting on a pile of cash is absolute bullshit.

>> No.9541144
File: 159 KB, 962x625, 1376799704091.jpg [View same] [iqdb] [saucenao] [google]
9541144

>>9541141
this nigga gets it

>> No.9541145

cant wait for mcdonald workers to get replaced by robots if they introduce this

atleast i wont have to worry about shit service and spit in my burgers anymore

poor people deserves to suffer for their choices

>> No.9541162

>>9541142
>and creating such a business would be super cheap because the price of capital is cheap
Automation is extremely capital-intensive. It ties capital up for a very long time and requires a lot of upkeep. Large scale automation can't happen without extremely cheap credit (central banking).

>> No.9541175

>>9541141
To add upon this, you can check it yourself, see how stocks of construction companies react every time central banks announce further lower interests/quantitative easing.

Every investor worth his salt knows the money helicopter always ends in the same hands. Money helicopter is the subsidizing of inelastic demand products at the expense of elastic demand products.

>> No.9541193

>>9541162
>Automation is extremely capital-intensive
no shit, capital is more plentiful and the price is lower thanks to automation

>Large scale automation can't happen without extremely cheap credit (central banking).
What a fucking joke.
Central banking is the reason we're not automating as much as we could be.

We need the price of inputs to come DOWN so consumer prices will come down.

Anything else is literal slavery.

>> No.9541233

>>9541162
>Large scale automation can't happen without extremely cheap credit (central banking).

Can't believe someone is saying this weeks after we learned EOS valuation is higher than Tesla's.

ICO and international investing are rendering VCs obsolete, and that's just with shitcoins with no economic plan whatsoever, imagine what will happen once productive, real companies begin to enter this craze.

>> No.9541265

>>9541193
Automation is capital intensive, period.
If you buy a 6 millions dollars machine tool to replace 40 workers, you have to cash out the price up front, you need either to sit on piles of cash (which businesses don't) or access to credit.
The only reason automation isn't as widespread is because even with practically free money, it's still a fucking risky shit to do. An industrial robot isn't as multifunctional as a dude, ad if your market shifts you're fucked with your multi-milions machine tools that rusts slowly in a warehouse.

>> No.9541287

>>9541265
>Automation is capital intensive, period.
no fucking shit, brainlet
that's the point, get the price of capital down so firms can afford MORE capital to automate

>or access to credit.
credit is determined by the savings rate in the economy, it's important that interest rates float naturally so economic distortions don't happen

artificially low interest rates cause booms and busts, and the price of capital goes up, negating any actual automating that happens

>> No.9541292

>>9541287
The price of capital has never been as low as it is today my dude, that's the whole point of QE.

>> No.9541314

>>9541292
But this low is artificial, not generated by market conditions. Companies with awful plans are acquiring massive amounts of capital due to forceful low interest.

Thus, it's creating massive bubbles that will explode the moment we realize that money went to waste.

>> No.9541318

>>9541292
>The price of capital has never been as low as it is today my dude
no its not

>that's the whole point of QE.
QE causes inflation
the price of capital is going up, it should be going DOWN,

You need ACTUAL mass production of capital for this to work, not just phony central bank magic

I mean imagine if the price of steel actually went down year after year

>> No.9541330
File: 56 KB, 500x339, 1353103382847.jpg [View same] [iqdb] [saucenao] [google]
9541330

>>9541314
THIS

Austrians are right.

>> No.9541353

>>9541318
It is, right now interest rates are absurdly low, in the 0-2% range, and it has never been as easy for a company to raise money on the stock market.
I know you are an ideologue, not interested in pragmatism, but you should understand that : right now, money is cheap.

>> No.9541369

>>9541353
>raise money on the stock market.
no shit, the stock market

mass production of actual things is much different

>I know you are an ideologue
kek, I'm the realist, you're the ideologue

>right now, money is cheap.
no it's not, for the average people to start up a company that automates shit requires massive startup costs
they dont give out loans that easy to just anybody, only their well connected friends

If the price of steel was 1/20th the price it is today, everyone and their dog could start a business.

>> No.9541383

>>9541369
>If the price of steel was 1/20th the price it is today, everyone and their dog could start a business.
The price of steel is absurdly marginal in the fabrication of an industrial robot, or in most high-end industries for that matter. What matter are the labour costs, the r&d costs and of course the taxes. That's why all big indstrial companies see their stocks rising when money loses is value.

>> No.9541408

>>9541383
>The price of steel is absurdly marginal in the fabrication of an industrial robot, or in most high-end industries for that matter.
okay, then any other material
how about rare earth metals?

my point still stands

>What matter are the labour costs
kek, if your capital inputs are cheap as fuck then labour is much less of a burden

tl;dr we have incredibly low interest rates now and the economy is a pile of shit and automation is actually hurting the working class
back when we had no central bank(or when we had a central bank and it kept interest rates high enough) the economy grew and living standards did as well, now they don't

>That's why all big indstrial companies see their stocks rising when money loses is value.
LOL
Stocks are rising while the dollar loses its value because the central bank prints money(which loses value) and pumps it directly into the stock market.

>> No.9541417

my thing is if UBI is going to be a thing then GIBS ME DAT has to stop. if Laquanda pumps out 7 kids by 5 different men, thats on her. No more free housing, EBT, or obama phones. if white liberals want to donate their money to a private organization that supports those fat niggers that on them but government help ends

>> No.9541427

>>9540051
>>9540060
point is it is fucked up that it is almost impossible for you or me to avoid paying huge taxes while big corporations can avoid them just like that

>> No.9541437

> 46% of the population support getting free gibmedat and not having to work.
Gee, I wonder what's in it for them

>> No.9541492

>>9540561
lol, do you really think your shitcoins will 50x

>> No.9541536
File: 31 KB, 604x403, qsckN.jpg [View same] [iqdb] [saucenao] [google]
9541536

>>9539549
And the second beast required all people small and great, rich and poor, free and slave, to receive a mark on their right hand or on their forehead, 17so that no one could buy or sell unless he had the mark — the name of the beast or the number of its name. 18Here is a call for wisdom: Let the one who has insight calculate the number of the beast, for it is the number of a man, and that number is six hundred sixty-six

>> No.9541550

>>9539679
You have robots that make things for you and you sell those things to other people with robots that produce different things than you. Like always have been

>> No.9541557

>>9539716
They still keep breeding pretty fast. I bet they can life better than 99.999% of humanity before then ever lived

>> No.9541568

>>9540460
>implications of AI and machine learning
Coding will be the last thing automated. Top kek at all the plebs who think "machine learning" is some panacea.

>> No.9541678
File: 139 KB, 1535x1040, IMG_1160.jpg [View same] [iqdb] [saucenao] [google]
9541678

>>9541417
I'm sorry if you live in some uber ghetto, next to this "laquana", but your low socioeconomic area is not indicative of the total US. Blacks have about the same amount of kids as whites, and the only reason you think otherwise is because your job pays so little in relation to just about everyone else.

>> No.9541802

>>9540073
>how am I going to retire in less than years
>this is the reason we should not have ubi
>ubi, basically a lifetime retirement if you want it, is going to prevent me from retiring early
>instant retirement is preventing me from achieving my goal of retiring as early as possible
>this is why it must be stopped

>> No.9541813

>>9541802
ubi is fucking retarded though

just end central banking instead

>> No.9541977

UBI doesn't equal socialism you mongs

>> No.9541990

>>9541568
everyone thinks their job will be the last to be automated

>> No.9542053

>>9541977
Yes it does you fucking nanobrain.

>> No.9542063
File: 42 KB, 775x403, IOTA.jpg [View same] [iqdb] [saucenao] [google]
9542063

>>9541536

>> No.9542172

>dumb people vote for their short-term interests and against their long-term interests, news at 11

>>9539573
dunning-kruger tier thinking
most jobs as it is are make believe, economists wrote about this as far back as 1930. employment is a tool for social cohesion, not a requirement of the economy

>>9539716
>can't survive
>somehow reproduce at greater rate than the richer 52%
really jogs your nog

>>9540533
Flashforward 10 years
>taxis still exist
>anon is now in his late 20s
>he reads the next generation of anons claiming "automation is just around the corner, just watch"
mate when you were still in kindergarten i was holding off on getting my driving license because automated electric cars were right around the corner
but yes, i know. this time it'll be different, you know better because you've watched a couple youtube videos narrated by a hip young man speaking fast with a british accent telling you all about exponential growth and how we're all fucked
just like immortality will be achieved just on time for middle-aged celibate men with no children to live forever
and the singularity will happen in the year 2000 no wait 2020 er i meant 2030 no actually 2040 yeah by 2045 we'll have a conscious AI

these things will happen regardless, but not on a timetable wishful thinkers believe. remove your personal desires for upheaval or annihilation out of the equation, and it becomes obvious there's not even one chance in a trillion most taxi jobs would be replaced within 5 years. society never moves that fast regardless of technological advances

>> No.9542184
File: 15 KB, 255x255, das rite.jpg [View same] [iqdb] [saucenao] [google]
9542184

>>9539549

>> No.9542207

>>9539679

You do things that aren't automated you stupid fucks. Especially arts. With UBI you can do anything you want with your life. What to you want to achieve in life, it no longer requires that it make money.

>> No.9542315

>>9539549
Romney was right.

>> No.9542327

UBI could only work if the people only receiving UBI were very limited on what they can purchase. Otherwise, how can you ensure the money is going into the basic living expenses it is supposed to cover? I'd welcome UBI if it comes with different levels of "citizen".

>> No.9542352
File: 55 KB, 550x413, old-tractor-still-working[1].jpg [View same] [iqdb] [saucenao] [google]
9542352

>>9539573

what are we gonna do when pic related becomes commonplace? 80% of our population works on farms and they cant do anything else

>> No.9542372

UBI is a 150 year old marxist idea with a shiny new acronym for the meme generation

>> No.9542381

>>9540073

how many closet conservatives are there?

>> No.9542386

>>9539549

yeah i want UBI then i can actually become a neet

the dream

>> No.9542392

>>9542172
Uber was founded in 2010, it took it less than 5 years and it was already more popular than taxis in major cities. Today it's so popular that taxicucks literally have to do protests to make "muh government" do something about it so they don't lose their jobs. And uber is just a minor improvement over taxis.

Self driving cars already work, tesla and other cars have highway assist (which shouldn't be used on normal roads but it kind of works). Google's cars have driven millions of miles without accidents. And the fact that uber itself is investing heavily into self-driving technologies means that the moment they are ready, they will be available, at least through uber.
And that's just the beggining. Shit will be wild in the next 20 years.

>> No.9542489

>>9539989
Exactly. Sure, you buy schooling and roads, but the stuff you mention is also in that bag

>> No.9542497
File: 214 KB, 400x399, plot hole frodon.png [View same] [iqdb] [saucenao] [google]
9542497

Here are the two differents things that are going to happen to individuals under UBI :
>Nigger/woman/other subhuman/you
Hand-to-mouth since no delayed gratification and no sense of the future. Basic fodder for the economy.
>Honest man/me
Spend nothing and only save up, make a company that sell random crap to niggers, once have enough money develop and deploy the desintegrating nanobot cloud to kill all subhumans and finally start the intergalactic empire of Mankind.

>> No.9542500

if there was UBI in the US nobody would work

>> No.9542507

>>9541990
It's objectively true that there will be at least (1) job that is last to be automated. It makes sense from a computability theory standpoint that that job would be of a programmer/AI specialist.

>> No.9542517

>>9540160
And still your solution is to keep throwing money at an obviously archaic and inefficient organism that will be obsolete?

States will be a thing of the past in some years. Companies will replace states, slowly but surely. Yes, that means decentralized security/police and a free, almost anarchic market for most, if not all goods.

>> No.9542522

>>9542392
no it was march 2009
t. was walking near by this thread

>> No.9542532

>>9540497
+1

>> No.9542539

>>9542500
I don't think that's true. There are some people who would be happy to sit around and get by on UBI. There are some people who would still work because they want more.

Some people might even take more chances, because there is now a social safety net when their 3rd small business fails.

UBI will cover basic expenses. Food, water, and shelter. It's not meant to cover vacations, cable, etc.

>> No.9542540

>>9540521
This. A starbuck latte costs as much as a kg of copper. That is insanity.

>> No.9542547

>>9542497
Based

>> No.9542568

48% what an odd correlation with US being 52% white

>> No.9542590
File: 47 KB, 507x338, 1421524851951.jpg [View same] [iqdb] [saucenao] [google]
9542590

>>9540736
>if everyone but east asians and europeans suddenly vanished from earth and we had eugenics laws we will be infinitely better off as a species.

>> No.9542600

>>9542590
but he's right

>> No.9542610

>>9540564
Germany, f.e., will be energy self-sufficient in a couple years, making hydrogen by using wind and solar. That wealth will be used to further fund and incentivize tech development. If you actually think that fuel/hydrogen will be given away, for free, you dont understand how inherently classist and hierarchic modern, specialized societies like germany need to be in order to function. No, the immense investments in renewable energy will not fund UBI. They will fund (income for) those who contribute. This is how the german society works, and has worked, for thousands of years. Sure, youll get your scraps, like you get now - a flat in the asshole part of town, enough money to drink cheap spirit and smoke cigarettes. When you get sick its morphine till you die. We do this so you dont burn cars, but please, dont be stupid enough to think that the capital accumulated after ww2 wont be defended, tooth and nail, from being "redistributed" by idiots who just dont understand how important it is to conquer other peoples minerals. Please, dont make the mistake to build on the assumption that you will be given anything else than absolute basic necessities.

>> No.9542638

Daily reminder you can only be against UBI if you support welfare. In which case you're retarded.

>> No.9542667

>>9540736
Even basic construction work thats not lifting shit or driving is done by humans
I wish to see integration of machine into human, or the other way around, though
Conscious machines
A robot with a human brain

>> No.9542680

>>9540736
Some of hardly automated areas
Restoration of old buildings
Herding of cattle
Fruit picking that doesnt harm the plant
For example

>> No.9542684

>>9542638
I support UBI if we get rid of all other government assistance programs and all the employees along with it.

Also if people on UBI lose the right to vote. The right to vote should be reserved those who can support themselves. Otherwise every election will be won by the person who promises the biggest increase to UBI.

>> No.9542705

>>9542684
>I support UBI if we get rid of all other government assistance programs and all the employees along with it.
That's the idea.

>Also if people on UBI lose the right to vote.
Here's that retardation again. UBI is not selective. Do you want everyone to lose voting rights? Jesus christ, the absolute state of UBI haters.

>> No.9542713

>>9542500
There is a social program called HartzV in germany, which keeps you alive. People still work because its just enough to sit at home, eat potatoes, and smoke a fag from time to time. Couple vodka shots in the evening. You also need you need to be out of and actively be seeking work, so its nowhere near "universal"

>> No.9542741
File: 65 KB, 1024x577, hugh pepe.jpg [View same] [iqdb] [saucenao] [google]
9542741

>tfw there is finally a thread on biz about Business & Finance
Man it been a long time since there isnt a crypto or stock general thread with this much dedicated replies. It maybe look a bit retard but mannnnnn...

>> No.9542767

>>9542705
There's more than one implementation of UBI. The one I support UBI only gets paid to people who are below X amount in annual income. It isn't in addition to what you are making.

So as an example if you have no job you can get $30,000 a year as your basic income. If you make $60,000 a year you don't get a basic income.

>> No.9542790

>>9539549
Check how many Americans have room temp IQ and read this article again

>> No.9542808
File: 6 KB, 250x203, 1483753869391.jpg [View same] [iqdb] [saucenao] [google]
9542808

>>9540533
>Self driving trucks in 5 years ?

L m a o

>> No.9542861

>>9542767
Sounds more like negative income tax. Also I don't get why you'd willingly part yourself of the money. First you're afraid of them voting themselves more but you'd restrict it to just them from the get go. Pretty stupid.

>So as an example if you have no job you can get $30,000 a year as your basic income. If you make $60,000 a year you don't get a basic income.
Sounds like an extreme version of welfare. Awful. Stop having opinions and just follow what an actual smart economist came up with.
https://www.youtube.com/watch?v=xtpgkX588nM

>> No.9542939

>>9540823
What are you going to do when the communists come and take daddy's factory and put you out in the street?

>> No.9542956

It would be alot cheaper to cull the jews. They steal everyday all day from the country, they are the biggest recipients of white collar crime. They USA has enough wealth for everyone but we have a massive problem with jews and courts.

>> No.9542975

>>9542939
>Thinking communists are capable of doing anything more complex than smoking weed and posting on R*ddit

>> No.9542986

>>9542861
UBI is literally an extreme version of welfare. I would "part" with it because I don't need it. Anyone making above the minimum wouldn't need it.

And absolutely, it creates two seperate classes in society. Those that don't need the government to give them money and those that can't survive without the government handing them out money. It's just a more fluid class system, as the second you lose your job and go on UBI you lose your right to vote til you start contributing again.

Economists like John Keynes are the ones who got us into the current mess we have. The real answer is.. there is no answer. Every system has problems, and someone is always going to get fucked.

>> No.9543003
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9543003

>>9542986
>UBI is literally an extreme version of welfare.
Stopped reading right there.

>> No.9543036

>>9542767
This sounds like welfare.... How is this universal if only the poor get it? Why should the people with higher incomes subsidize the poor? Why should I spend the money I make on the poor? I don't give 2 shits about them.

>> No.9543045

>>9539573
Commie.

>> No.9543049

>>9542808
This might blow your white trash mind, but we've actually had working prototypes for quite a while. They're just not tested well enough to be trusted acting 100% autonomous yet.

>> No.9543051

>>9542975
They managed to kill 20 million people in Russia, 50 million in China, and wanted to do the same in Germany before Hitler rose to power. The same will happen again. When (((they))) get involved, bad things happen to the goyim

>> No.9543064

>>9540533
Things change and so do jobs. Stop being a fucking luddite snowy

>> No.9543074

>>9539731
Doesn’t matter what the cost is, because the government just prints what they need. The actual worth of all of the dollars collectively stays the same, but the amount of dollars printed goes up, therefore, each dollar is obviously worth less individually. But that’s not even the most retarded part of all of this. Our society has been slowly automating jobs for millennia, and the economy has always naturally adjusted. This is because as the standard of living is raised and more jobs are accomplished more easily by machinery, people find other things to provide to the economy with the time they save. It doesn’t matter if it’s a cotton gin or a robot, the only difference is scale, and we already have a lot of catching up to do in terms of wages and work hours. It’s fucking regarded that we still work 40 hours a week. 5 would be more appropriate, if we got rid of the 33% of jobs that have no reason to exist. And since labor is a commodity, making it more scarce makes it more valuable. The sociopolitical nail-in-the-coffin was 2nd wave feminism. Apparently it seemed like a good idea to effectively double the size of the work force, but do nothing to add jobs. Oligarchs 1, Retarded American Everyman and Everywoman 0. Oh, and make sure you call people who point out the flaws here sexists, and send them to HR for having bad opinions. Mission accomplished.

If you stand by and let UBI happen, you’re sealing your grandchildren’s fate in a world devastated by inflation

>> No.9543082

>>9542986
Anyone getting UBI shouldnt be allowed to vote

>> No.9543099

>>9543003
It's a form of welfare whether you want it to be or not.

>>9543036
What do you think UBI is going to end up being? People that make money are going to be taxed. That money can then either just go directly to the people that need it or the taxes can be higher and the "basic income" can go to everyone. Just skip the bullshit and give it directly to people without jobs.

Seriously.. where is the money going to come from? Higher taxes on those that work. It's a form of welfare, it's just available to everyone.

>> No.9543112

>>9543036
Wow, you're an horrible person.
I don't understand why you wouldn't care about the poor, have you no idea of how poor people live ?
What poor people think ?
What poor people feel ?
Are you a complete sociopath that feel no love for your fellow uman ?

You should be ashamed of not caring about thieves and parasites and rapists and killers and fifth collumns.
You should be ashamed of not feeling at the very least pure white hatred for the poor.
You should be ashamed for not craving subhuman genocide.

>> No.9543137

>>9543112
How many poor people have you helped this year. You must gave dozens of homeless people sleeping in your house

>> No.9543141

>>9543112
I know poor people better than you do, I know exactly how they act and feel.
I hate degeneracy, I hate loud violent annoying people. And these people are the poor. The common denominator for people acting like animals is not race, but income. The poor are literally subhuman. If it were up to me they would all be forcibly sterilized. The biggest problems in society today stem from low IQ retards having 10 welfare babies each

>> No.9543142

>>9543074
It'll birth the space age, on the lookout for new homes.

>> No.9543155

>>9543141
Make eugenics great again

>> No.9543161

>>9543082
They shouldn't. If you have to rely on the people to support you, you can rely on the people to tell you whats best for you. And that means you don't get a vote.

>> No.9543164
File: 40 KB, 887x508, sw3jig.jpg [View same] [iqdb] [saucenao] [google]
9543164

>>9543141

>> No.9543169

>>9543099
Yes, it's a form of welfare that's designed to reduce bureaucracy and the welfare cliff. In addition it's fairer because it's just a subsidy in a sense instead of a reward being handed to you the shittier you've made your life. But only if it's designed by actually competent people and not yourself. You know, this is exactly why we have shitty social programs in the first place. Dumb fuck voters like you who don't even know what UBI is, but you still JUST NEEED to have an opinion on it. It's pretty ironic you want to take other people's voting rights. You should be the first in line.

>> No.9543179

>>9543137
0.
I didn't harm any of them because going to prison means i can't work towards an actual solution.

>>9543141
Good man. Continue with this line of thinking, you are almost on the right path. On the path to Salvation.

Blessed are the meek.

>> No.9543210

>>9543169
You're right. I'm completely wrong. Lets just add an extra step into UBI and give it to everyone so poor people don't feel "singled out."

It's a free handout for poor people. It's welfare, and it's far easier than our current welfare programs. The rich will be paying more in taxes to support UBI than they'd get back from it.

>> No.9543217

>>9543164
I know you are angered at him being a racial fantasist, but you need to understand that it doesn't matters if he's willing to slaughter the dimwitted.
In the end, whether under your or his treatment, all negros would end up the same way.

>> No.9543219

>>9543179
And there it is. You lazy fucks always have some reason why you cant actaully do anything more than whine on the internet. Heres a life tip bro. No one owes you shit

>> No.9543232

>>9543219
Don't let the dead possess you, retarded one.
Do not mistake Appearance for Substance.

>> No.9543242

>>9543210
What the fuck is your point even? Well off people already pay for a shitty entitlement system. What's wrong with reducing the burden? Stop replying until you can form a coherent thought.

>> No.9543243

>>9543155
This but unironically. Only those who can afford to raise a child should have kids. If this was mandated by law then we'd have a lot more upper class and much less human trash. By having the government subsidize the poor and paying them for their welfare babies we are actively fucking with natural selection.

If there were less IQ retards around then life would get easier because there would now be less people fighting over the same resources, and my fucking taxes would go down.

>>9543179
If they wanted to improve their lives then I would be all for it. But they don't. They want just enough free gibs from whitey so that they have enough for fresh kicks and weed. I used to work in the housing projects and I would hear shit like "gurl just have another baby if you need more money, they'll pay up."
We don't need more of these types of subhumans around, their parents don't even raise them right. Literally worse than animals.

>> No.9543259

>>9543242
You can't see the forest for the trees, can you?

>> No.9543274

>>9543259
I see a dumbass who shouldn't be voting.

>> No.9543327

>>9539549
cant wait when anarcho capitalism takes over and a bread costs 800USD, and millions of burger starve.

>> No.9543335

>>9543274
So.. you read my response saying "it's a version of welfare" and say you stopped reading. Then come back and call UBI a form of welfare. Then you actually believe UBI is going to reduce the tax burden?

It's not. It's going to increase it. And if they can't get the money from taxes they'll just use deficit spending. Then all the people without jobs who are just skating by on UBI will vote for the next politician who promises a 15% UBI raise.

The majority of the people are going to vote for handouts. It's what is wrong with unlimited democracy.

Just bring back the CCC. Want government money? Build some roads.

>> No.9543338

>>9542767
And what utopia would be achieved by this?

>> No.9543360

>>9539549
Afaik, ubi simply streamlines welfare, making government spending more efficient.

E.g. rather than making people apply for certain welfare categories and claiming tax credits and all that, the government just says that everyone gets a few dollars now fuck off.

Actually seems legit.

>> No.9543363

>>9543335
>it's a version of welfare
You said extreme version. Stop backtracking.

>Then you actually believe UBI is going to reduce the tax burden?
Omg just writing a bunch of checks instead of having giant multi-billion dollar bureaucratic programs turns out to be cheaper? No way. God I hate stupid people.

>> No.9543380

>>9543164
>the bulk of the black population is recommended to become police officers
That is not a good idea

>> No.9543394

>>9539549
Its going to be so fun reading everyones posts about "Automation will take all the jobs" in 30 years or so.

People have been banging on about this for at least 15 years now and unemployment has only decreased since then.

>> No.9543414

>>9539614
Hahaha

>> No.9543422

>>9539549
only way to make this work is the mark cuban way. which means cutting government spending, and cutting government jobs, and getting rid of old assistance programs like medicare/food stamps/other stuff. To make the budget required to cut every american a 20k-30k check a year under the condition that everyone is a productive member of society.

>> No.9543444

>>9543422
but democrats would never be for this. b/c they are quite literal brainlets. so instead we'll have a UBI system just as broken as the current assistance programs.

>> No.9543466

>>9540073
Just go all in on link

>> No.9543477

>>9543422
but what if I want more than the minimum?

>> No.9543498

>>9543477
Then you get a job that pays above the minimum.

>> No.9543519

>>9543363
Since I'm actually here to discuss it and not just throw insult, do you have any sources for how UBI will actually be cheaper, while also completely replacing all current social programs, and raising people out of poverty?

Every source I've found either doesn't give enough UBI to get people out of poverty or costs significantly more than our current systems.

>> No.9543538

>>9543519
The insults thrown in this thread are probably the most telling thing in what would happen if this was brought in to a democratic country. Every fucking idiot would have an opinion and there would be "compromises" made that would jack up the price exponentially

>> No.9543555

>>9539573
this desu

>> No.9543558

>>9540533
Self driving cars won't just affect those industries, but about 15% of the entire workforce. And that's just one of the new technologies coming out. The unemployment and increase in women in the workforce is going to usher in an age of even worse depression and higher suicide rates.

I know alot of the politically obsessed crowd here would love to jack off to the thought of low wage and lower IQ workers killing themselves, but the truth is it'd probably affect them and the people they know more than they'd think.

>> No.9543640

>>9543519
It's not a baseless insult though. You keep posting nonsense and now you're bullshitting about sources. Do you really need a source that replacing bureaucracy with handing out checks is more efficient? How about you post a """"source"""" and I'll break down how their shit is wrong if I feel like it? Because I'm not doing the research for you.

>> No.9543679

>>9543141
You don't really know the poor.

People like you had some unpleasant brushes with them and think you're entitled to a world where everything is comfy and nonconfrontational. I'm sorry to say that no one is owed a life without the loud, annoying or crazy people sometimes disrupting it. You don't get to have that, and just like those wanting a wider social safety net, your imagined model of what's wrong is just as flawed and built to fail.

>> No.9543694

>>9543099
This
People that make money are going to be taxed
Plebs will be given gibs to outvote them in those policies
And profit goes to....

>> No.9543742

>>9543640
So you have nothing? Got it.

>> No.9543744

Automation is a long-term investment. Its not like robots grow on trees and install-program-maintain themselves.
If you are going to regulate it and tax it then we might aswell tax PCs because they automate plenty more jobs than robots.

>> No.9543763

>>9543360
It could have the streamlining effect if alot of these programs we're gutted and the beuracracy and private interests we're flushed out. I've read it's estimate d more than half of welfare spending goes to fund the system that manages it, and that system is designed to discourage working (not that wages in some of these areas are livable). I mean, if a blind UBI lead somehow to an increase in social mobility to better lives for those who want them, then it might be an improvement over what we have.

>> No.9543793
File: 58 KB, 525x790, 1516122999672.jpg [View same] [iqdb] [saucenao] [google]
9543793

>>9539549
It is inevitable in western world becaue there are not enough jobs, and especially full time jobs. Basic income makes much easier to have short jobs. It might take 5 or 15 years, but it is coming like Elon Musk said.

>> No.9543802

>>9543742
Nice contribution. Keep defending those very useful social workers. I don't need to do the research. If he makes the claim that it's more expensive somehow, he should provide a fucking source. Also it's staggering how every thread the very people that go "hurr fuck the poor people that's communism", go to "b-but what about lifting p-poor people out of poverty". Every fucking thread. Start making sense people.

>> No.9543842

>>9541802
I want to retire in real luxury you dumbass, not subsistence"retirement" on the equivalent of $25k/yr like some middle class pleb

>> No.9543877

>>9543802
You've yet to talk numbers or sources. Just hurr durr writing checks is cheaper.

To pay every American up to the poverty line is 4 trillion a year.

>> No.9543879

>>9539679
Riots!!
Or maybe learn a new skill?

>> No.9544049

I would love to know the demographics of tyat 48%
>It's totally not going to be mostly niggers and spics, im sure

>> No.9544068

>>9543422
Niggers and women spend everything they have as soon as they get it.
STOP ANTHROPORMORFISING SUBHUMANS
STOP PROJECTING
THEY ARE NOT PEOPLE
STOP THAT

>> No.9544102

>>9539549
>Accumulate assets with mountains of fixed rate debt.
>Government implements UBI, currency inflates like crazy.
>Pay off your debts with chump change and keep the assets.
>??????????
>Profit.

Yeah, I'll take some of that UBI.

>> No.9544133

>>9539731

cost savings of about 50% over existing entitlement programs

the people that really don't like it don't understand it

>> No.9544168

>>9540854
>just take the monthly payout, multiply it by the adult population and you've got the overall cost

no.

ubi is a benefit entitlement. if you make more than X you won't receive a ubi.

so multiply your existing subsidized population

>> No.9544180

>>9541018

>ubi debunked

anti ubi peeps getting nervous now

>> No.9544201

>>9541142
>UBI is a fucking joke and anyone with a brain will fight violently against it's implementation.

feel free to hunt charles murray down

>> No.9544218

>>9541417

we should be paying people to not have kids

you polcucks can't have it both ways. we can't afford your endless oppobrium to Laquishas and paying millions for her and her brother to live in poverty. if it's cash she wants she should just get it. it's cheaper in the long run

>> No.9544232

UBI is an inherently socialist ide-

https://www.youtube.com/watch?v=FWcTMGaOHWA

>> No.9544241

>>9541802
what i don't think you guys understand is that not only is this the solution, there is no real alternative.

this existing scheme is failing and the longer it continues the worse it will be

>> No.9544272

>>9540961
you sing your own requiem for your death, and every stupid motherfucker that mouth breaths inefficient allocation and a dysgenic breeding hell. ((You)) deserve all the ramifications and eveuntual correctional cull

>> No.9544278

>>9539549
>Go to Hollywood
>ask celebrities about their opinion on UBI
>Doesn't understand economics
>Doesn't understand it's unsustainable
>They like to virtue signal
>"Aww those poor middle class people do need some money"
>They get almost half of the celebrities to agree on UBI
>LOOK GUYS 48% OF AMERICANS WANT UBI

>> No.9544295

>>9542986
>Economists like John Keynes are the ones who got us into the current mess we have. The real answer is.. there is no answer.

you sound suspiciously like someone who has never read anything on the subject

>> No.9544332

>>9543763
"Combined annual federal and state spending is the equivalent of over $21,000 for every person living below poverty level in America"
So a ubi literally cuts all forms of welfare to $0, and replaces it with a check for $20k and the improvement in efficiency will relieve the government substantially.

>> No.9544351

>>9541408
Stock prices rise when the dollar is lower because it takes more dollars to buy stock.

>> No.9544356

>>9544278

all i am reading here is ignorance and fear

ignorance and fear

> doesn't bother to research the topic
> has no informed opinions
> 4chan

cmon guys, let's be honest.

you don't have the education or the intelligence to discuss a serious topic.

>> No.9544368

>>9544332

it's true. when you run the numbers ubi wins by miles not even accounting for the secondary benefits of ending distortions in the labor market created by rentier capitalism, immigration, etc.

>> No.9544449
File: 83 KB, 1280x720, we so lit.jpg [View same] [iqdb] [saucenao] [google]
9544449

>>9541141
This is the only decent post in this whole thread.

>> No.9544643

>>9543877
>up to the poverty line
Like I said I don't care about the poverty line. Socialists not welcome. I'm just after eliminating the useless programs.

>talk numbers
How about we start with your numbers? So the rate of poverty in the US is 12,7%. Which would put the number to around 44,5 million people. 4 trillion divided by 44,5 mil is a whopping 90 thousand dollars per year. So fuck off with that. Quick look at wiki says 2,4 trillion in 2014 for a bunch useless crap (mandatory entitlement spending). If you distribute that you immediately get 6840usd per adult, or if you go the NIT route you'd get fucking 54000usd per poor person. And that's including the fact the you get it unconditionally every year, so it should add up to more over time than you would get from the current programs, provided you're not stupid and actually save or spend it on useful things. Also the fact that you get this amount back would allow for "taxes" to be raised significantly for your precious poor people and still end up being better off than the current system. Now get the fuck back to plebbit, you socialist fuck. Also NIT is better UBI, but whatever since UBI has gained so much traction.

>> No.9544922

>>9544356
>"Don't agree with me? You must be ignorant and fearful! And uneducated and and... uhhhh unintelligent!!"

>Doesn't understand simple supply and demand in terms of the value of money
There is a good reason why Finland stopped UBI as early as possible.

>> No.9544970

>>9544922
https://www.independent.co.uk/news/world/europe/universal-basic-income-finland-results-experiment-pros-cons-unemployed-trial-definition-a8325631.html
>Reports suggested the scheme had failed and would be stopped but Finland has described the news as misreporting and says the trial will continue until the end of 2018.
Stop.

>> No.9544993

>>9539549
/pol/ is pro UBI, we need our neetbux so we can work on collapsing society full time.

>> No.9545063

>>9544922
>There is a good reason why Finland stopped UBI as early as possible.

And why was that?

And why should we expect an experiment in Finland to be definitive?

>> No.9545077

>>9544232
bump

>> No.9545089

>>9544272

>bitches about undesirables breeding
>refuses to pay people to not have kids

>> No.9545092

>>9539573
They already found a way to cull the population. SJw have been doing so for the past 2 decades. You dint sht

>> No.9545211

>>9544232


>right wingers just ignoring this post

What a surprise

>> No.9545222

>>9543679
Fuck you, nigger enabler. Don't justify their bad behavior. Why don't I get to live in a peaceful society, because they have the right to be loud and annoying? I do have the right to peace and quiet, that's why noise ordinances exist.

>> No.9545245
File: 19 KB, 491x488, 1526049474198.jpg [View same] [iqdb] [saucenao] [google]
9545245

>>9539844
>the extinguisher of light

>> No.9545250
File: 72 KB, 452x582, Lol Manlets.jpg [View same] [iqdb] [saucenao] [google]
9545250

>ITT
>LETS JUST RELEASE A VIRUS THAT KILLS EVERYONE THAT WHY UBI CAN ACTUALLY WORK AND AUTOMATION DOESN'T DESTROY SOCIETY.
Holy shit, this isn't a fucking video game you retards. Not a single person here has provided a real life solution. You know what? The virus has already been released, it is weaponized autism. This stop people from breeding, never mind you guys are on to something.

>> No.9545317

>>9544332
>>9544368
This is in a way what CAP was trying to be (cutting the bureaucracy out of welfare), and in the innercity areas where it was tried out, it appeared to be working very well. Before it really got off the ground, though, Reagan dismantled the program entirely, so we have no idea how it really would have turned out longterm.

>> No.9545490

>>9539679
>>9539702
Being serious this line of thinking popped into my head on the way home and am surprised I saw a thread on it.

If we get automation, this can come with UBI. People are entitled to nothing BUT, if there exists some kind of free force in the world that just dishes out goods and services aka automation, the human race in general, should be entitled to some of the profit because this screws up the system.

Until then UBI is just fucking handouts and can fuck right off.

>> No.9545840

>>9545490
>the human race
It's the human species.

>> No.9545965

>>9539573
Wealth is created, not divvied up.

The cost of goods and services will continue to fall as they always have and everyone will be fine.

>> No.9545990

>>9539679
Uh, everything becomes next to free. Selling a pint of blood every month will be enough to live off of at some point.

>> No.9546186
File: 58 KB, 724x485, farm-worker.jpg [View same] [iqdb] [saucenao] [google]
9546186

Imagine having free time to study and improve your mind and when ready, enter the job market with competitive skills and innovative ideas instead of killing yourself working 40 hours a week feeding fatties their burgers and shakes to pay rents

Yes, under UBI rents are a problem, but thats why we kick the illegals out, amirite?

Otherwise we have the status quo, which is, fuck yall, cheap strawberries are more important, and by the way we'll dilute your vote for ya while we're at it and keep wages down

OR employers could pay the price of free labor and people would just work shitjobs to get all that dumb shit they don't need but want, like iphones and dumbass cars, and stupid fashion accessories, etc.

>> No.9546331

>>9546186
>under UBI rents are a problem
Don't think that's true. Maybe when you first introduce it because the system hasn't yet adjusted to the increased income. But as time passes the capital will flow towards most optimal solutions. So from a practical example if someone gets UBI all of a sudden and the landlord increases rent, why wouldn't he just move away to a nicer neighborhood? You would then maybe say, well wouldn't the nicer areas just get more expensive? And I don't think they would in the long run as available capital flows back to the shittier areas. So in the end all that would happen is the shittier areas become nicer. Thanks to efficiency.

>> No.9546710
File: 16 KB, 259x194, 1520543268077.jpg [View same] [iqdb] [saucenao] [google]
9546710

>>9539573
>MSM: oy vey goy, you need state centralized distribution because there will be no jobs because of the machines
>MSM: oy vey goy, you need all of those immigrants because with falling birth rates, who will work all those jobs?

>> No.9546811
File: 112 KB, 644x598, 1485291077828.png [View same] [iqdb] [saucenao] [google]
9546811

>>9544133
>when you multiply the number of people on government assistance by 6 you save money!

>> No.9546819

Hmm, America is 52% white

Really makes ya think

>> No.9546906

>>9546811
>when you multiply the number of people on government assistance by 6 you save money!

mmm, no. Its not a disbursement of cash to everyone, thats the NIT, you nitwit

>> No.9547154
File: 7 KB, 256x144, 1493083523791.jpg [View same] [iqdb] [saucenao] [google]
9547154

>>9546906
>Universal basic income (UBI) is a model for providing all citizens of a country or other geographic area with a given sum of money, regardless of their income, resources or employment status.
>Its not a disbursement of cash to everyone

>> No.9547219

>>9540624
because they want free gibs, they aren't interested in working.

>> No.9547221

>>9539549
>I invest in crypto because I think the government should lose control over money
>I want the government to implement ubi and print loads of cash to pay for it

The absolute state of commies

>> No.9547232

>>9539679
A new co-op system of wealth distribution through blockchain ledgers & smart contract anyone can participate in that rewards reputation & quality of work, everybody wins. With socialized 're'distribution everyone loses.

>> No.9547298

>this thread
>people starting to see the world of post-capitalism coming into play
>muh aura reader at the bape store won't let me shop there anymore since I've cheated on my girlfriend. Now I have to wear mossimo

>> No.9547409

>>9545063
Finland didn't stop the trial. The wellfare system in Finland is shit tho. Yeah it's better than in most of the countries but that doesn't mean it's not shit. Basically what they are testing is wether or not an UBI system could be a good way to reduce bureaucracy and to make it easier for unemployed people to take part-time jobs. The participants were randomly selected out of the unemployed part of people. The sample is small, 2000 people and 560 euros in Finland is hardly a basic income

>> No.9547639

>>9539549
Do UBI using inflation. My crypto bags moon. Win win.

>> No.9548078

>>9542207
This is NOT what UBI does.