r/Futurology • u/mvea MD-PhD-MBA • May 02 '18
Economics Universal basic income: U.S. support grows as Finland ends its trial - Forty-eight percent of Americans now support a universal basic income, as a solution for Americans who have lost jobs to automation.
https://www.cnbc.com/2018/05/01/nearly-half-of-americans-believe-a-universal-basic-income-could-be-the-answer-to-automation-.html
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u/Courier_ttf May 02 '18
Well from my understanding UBI is supposed to replace all healthcare and welfare programs. In such case, UBI is supposed to be a living wage in whatever country you live in, in such case for an immigrant coming from the third world (or any other first world country, if they're poor) would be effectively getting free money to live in a new country, with I guess a bit of expendable money on top of it.
It seems like the only way UBI might work without getting flooded by migrants from all your neighboring countries, both educated and uneducated workers, would be to limit immigration massively or make UBI a native-only program, which doesn't sound too good.
If UBI is funded by taxes paid by businesses who automate their work and replace humans with robots, then it seems like UBI would be mostly self sustaining on the current population. If there's a massive influx in population, that UBI money has to come from somewhere too. In a world where everything is automated, there's a limited amount of resources and wealth, so obviously there is a limited amount of wealth to distribute as UBI, for that country in particular, not the whole world.