Universal Basic Income: More like hell than utopia
Published 12:00 pm Wednesday, July 31, 2024
Universal Basic Income: More like hell than utopia
By Thomas L. Knapp
"Bad News for Universal Basic Income." The bad news, per Reasons Eric Boehm, is that a non-
profit's three-year, 1,000-person, $1,000-per-month trial of the idea "resulted in decreased
productivity and earnings, and more leisure time."
Is that really bad news? Well, it depends on who you are and what you want.
UBI advocates like Andrew Yangpredict the idea would, in part, "enable all Americans to pay
their bills, educate themselves, start businesses … relocate for work."
Bad news indeed … on those metrics, anyway.
But Yang also predicts a UBI would let recipients "be more creative, stay healthy … spend time
with their children, take care of loved ones …"
Call it a tie at most.
The education/productivity/work side of Yang's equation seems like so much window dressing
to soothe real economic concerns.
The real marketing sizzle lies in a utopian vision aimed at people who would — quite
understandably — rather spend eight hours a day in front of the television set than on the service
side of a fast food drive-thru window, and be willing to take a bit of a pay cut (probably offset by
reduced costs of transportation, etc.) for it.
I'm opposed to guaranteed income schemes for a number of reasons, but those reasons don't
really include the economic side.
I suspect we may be on our way toward the possibility of something like Aaron Bastani's "Fully
Automated Luxury Communism" — an economy in which AI-powered robots become quite
capable of handling most, if not all, aspects of economic production, leaving us (at least in
theory) with no more strenuous work to do than picking drone-delivered pizza up from the porch
and remembering to put the boxes out for robot sanitation workers to whisk away.
In that scenario, a Universal Basic Income would simply serve as a rationing mechanism.
Scarcity would still exist. Letting everyone order a new Ferrari each week (after crashing the old
one for fun) could bring the system down pretty quickly. You'd have to decide between three
pizzas or one ribeye dinner, etc., so as not to strain our robot servants' productive capacity.
I'm not an economist, and I apologize for playing one on the Internet, but I hope you see my
point: Inspiring economic activity may not be a necessary feature of a UBI.
The trial results are GREAT news for Fully Automated Luxury Communism types … and for
authoritarians who prefer fewer limits to their power over other people.
A UBI wouldn't really be "universal." Some groups (prison inmates, for example) would find
themselves excluded from the start, with political dissidents, sooner or later, following them into
the "no money for you" abyss.
The latter would be too busy working (if there were any jobs to be had) or starving to
inconvenience our "benevolent" rulers. That threat would leave them with an entirely free hand
(holding a robot-manufactured whip).
Would I love to receive a "subsistence wage," gratis, no questions asked? Who wouldn't? But
the devils in the details sound more like hell than like utopia.
Thomas L. Knapp is director and senior news analyst at the William Lloyd Garrison Center for
Libertarian Advocacy Journalism.