Just getting around to this. The concept of a
Unconditional Basic Income (UBI) is
problematic for a number of reasons. For one thing, it is unconstitutional. I can't
think of an argument whereby the federal government would be granted the right
to tax citizens for the purpose of paying them some kind of stipend.
Second, and more to the heart of the matter, the concept flies in the face of the
purpose or function of out federal government, as laid out in the founding documents
and subsequent case law. Namely, the government provides for certain benefits,
such as national defense, etc., and in turn we are taxed to pay for them. Isn't
that the deal?
The concept of a UBI turns this deal on it's head, something akin to: citizens pay
some variable portion of their income into a federal fund, and the federal government
determines how it is dispersed back to the citizens. Why not then just drop the
pretense, turn the "means of production" over to the federal government, and just
get it over with?
Regarding the threat that AI is going to displace jobs, and thus some kind of UBI
is necessary, is, at least to me, a huge, unsubstantiated leap.
As a side note, if AI is going to be this disruptive force in our economy, we may
need to be considering how the major developers of AI (i.e. the four largest tech
companies) are gaining a monopolistic hold on the space, supported by the "free
market" bills exporting the US version of intellectual property law currently under
consideration.
Scott
--
My main doubt is whether it really is the corporate law which has given rise to corporations bigger than they would become under the . . . free market, or whether it is not largely the greater influence on the political machine, which the great corporation exerts, which has favoured its growth.
-- F.A. Hayek