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2023.06.05 14:57 NomadicAdventurer42 Universal Basic Income: A Risky Experiment with Uncharted Consequences
Universal Basic Income (UBI) – a delightful notion, isn't it? A world where every man, woman, and child gets a paycheck for simply existing, no strings attached. It's a utopian fantasy that has been peddled by idealists and do-gooders who have failed to engage their critical thinking skills, blinded by their starry-eyed optimism. But let's take a closer look at this fairy tale, shall we?
Control by Government: To begin with, the prospect of UBI being used as a tool for control by governments is nothing short of chilling. The same benevolent hand that gives can also take away. With UBI, governments could treat this "free money" as a privilege rather than a right, using it as a lever to control the masses. The power dynamics in play could have Orwell turning in his grave.
Economic Consequences: The economic implications of UBI are potentially disastrous. Implementing UBI could mean short-circuiting the economic cycle as households would need to give back less to companies, potentially leading to a decrease in resource production. This is Economics 101 - you can't give everyone an incentive to produce less and still expect to have enough resources to fund this grandiose UBI project.
Discourages Work: The most damning indictment of UBI, however, lies in its potential to disincentivize work. UBI could create a generation of citizens who prefer to live off their monthly checks rather than contribute to society. The notion of a hard day's work seems set to go extinct in this brave new world of free money.
Funding and Taxes: Furthermore, the question of funding for UBI remains a gaping hole in its feasibility. The money to fund UBI would have to come from taxes, which, in turn, come from people working. But if UBI discourages work, then it's like trying to fill a leaking bucket – the source of funding is being undermined by the very program it's supposed to fund.
Impact on Innovation and Automation: The UBI proponents' belief that automation will lead to widespread job loss, thereby necessitating UBI, is a misguided assumption at best. The complexities of automating certain tasks are often underestimated, and the thought that UBI could fund business development is laughably naive.
Potential for Increased Dependency: UBI could lead to increased dependency on the government, creating a nation of complacent recipients – a modern-day version of the "Bread and Circuses" problem that plagued the Roman Empire.
Impact on Population Growth: The prospect of UBI encouraging people to have more children, thereby increasing the birth rate, is another ominous potential side effect. This could lead to an unsustainable population explosion, putting even more pressure on resources.
Lack of Empirical Evidence: Perhaps the most glaring issue is the lack of empirical evidence supporting the benefits of UBI. It remains an untested theory with a small number of limited experiments showing inconclusive results. It's like trying to build a skyscraper on a foundation of quicksand.
Potential Inflation Issues: The risk of inflation caused by UBI, especially if it leads to an increase in consumption that outstrips the production of essential resources, is a ticking time bomb that could devastate economies.
Uncertainty about the Future: Lastly, the future implications of UBI are shrouded in uncertainty. It's like stepping into a dark room, not knowing what lies ahead. There's no reliable way to accurately predict how our society and economy would be impacted 30-50 years down the line by the implementation of such a significant change.
Dr. Olivia Montgomery, a Senior Economist at the Institute of Economic Research, provides a critical examination of Universal Basic Income (UBI) in this thought-provoking article. Highlighting the potential risks and consequences, Dr. Montgomery argues against the feasibility and desirability of UBI. From concerns of government control and economic disruption to the impact on work incentives and the lack of empirical evidence, this article challenges the utopian allure of UBI. With a call for greater scrutiny and a recognition of the uncertainties surrounding its implementation, Dr. Montgomery cautions against embracing UBI without carefully considering its potential ramifications.
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2023.06.05 14:55 NomadicAdventurer42 Universal Basic Income: A Utopian Mirage or a Looming Nightmare?
Universal Basic Income (UBI) – a delightful notion, isn't it? A world where every man, woman, and child gets a paycheck for simply existing, no strings attached. It's a utopian fantasy that has been peddled by idealists and do-gooders who have failed to engage their critical thinking skills, blinded by their starry-eyed optimism. But let's take a closer look at this fairy tale, shall we?
Control by Government: To begin with, the prospect of UBI being used as a tool for control by governments is nothing short of chilling. The same benevolent hand that gives can also take away. With UBI, governments could treat this "free money" as a privilege rather than a right, using it as a lever to control the masses. The power dynamics in play could have Orwell turning in his grave.
Economic Consequences: The economic implications of UBI are potentially disastrous. Implementing UBI could mean short-circuiting the economic cycle as households would need to give back less to companies, potentially leading to a decrease in resource production. This is Economics 101 - you can't give everyone an incentive to produce less and still expect to have enough resources to fund this grandiose UBI project.
Discourages Work: The most damning indictment of UBI, however, lies in its potential to disincentivize work. UBI could create a generation of citizens who prefer to live off their monthly checks rather than contribute to society. The notion of a hard day's work seems set to go extinct in this brave new world of free money.
Funding and Taxes: Furthermore, the question of funding for UBI remains a gaping hole in its feasibility. The money to fund UBI would have to come from taxes, which, in turn, come from people working. But if UBI discourages work, then it's like trying to fill a leaking bucket – the source of funding is being undermined by the very program it's supposed to fund.
Impact on Innovation and Automation: The UBI proponents' belief that automation will lead to widespread job loss, thereby necessitating UBI, is a misguided assumption at best. The complexities of automating certain tasks are often underestimated, and the thought that UBI could fund business development is laughably naive.
Potential for Increased Dependency: UBI could lead to increased dependency on the government, creating a nation of complacent recipients – a modern-day version of the "Bread and Circuses" problem that plagued the Roman Empire.
Impact on Population Growth: The prospect of UBI encouraging people to have more children, thereby increasing the birth rate, is another ominous potential side effect. This could lead to an unsustainable population explosion, putting even more pressure on resources.
Lack of Empirical Evidence: Perhaps the most glaring issue is the lack of empirical evidence supporting the benefits of UBI. It remains an untested theory with a small number of limited experiments showing inconclusive results. It's like trying to build a skyscraper on a foundation of quicksand.
Potential Inflation Issues: The risk of inflation caused by UBI, especially if it leads to an increase in consumption that outstrips the production of essential resources, is a ticking time bomb that could devastate economies.
Uncertainty about the Future: Lastly, the future implications of UBI are shrouded in uncertainty. It's like stepping into a dark room, not knowing what lies ahead. There's no reliable way to accurately predict how our society and economy would be impacted 30-50 years down the line by the implementation of such a significant change.
Dr. Olivia Montgomery, a Senior Economist at the Institute of Economic Research, provides a critical examination of Universal Basic Income (UBI) in this thought-provoking article. Highlighting the potential risks and consequences, Dr. Montgomery argues against the feasibility and desirability of UBI. From concerns of government control and economic disruption to the impact on work incentives and the lack of empirical evidence, this article challenges the utopian allure of UBI. With a call for greater scrutiny and a recognition of the uncertainties surrounding its implementation, Dr. Montgomery cautions against embracing UBI without carefully considering its potential ramifications.
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2023.06.05 14:50 AuXDubz Responsibility to fund a rebuild leasehold flats room due to new roof
Live top floor flat in a building, I'm fortunate that I have a roof top terrace with a conservatory like structure on top of the building that gives access to the balcony.
The roof is managed as apart of the service charge.
Two two years ago, after the first month I moved in, I reported a leak that was happening from the roof around the conservatory structure and at a few places on the roof under the balancy - after 2 years or going back and forth, roofers have suggested a full reroof job to ensure suitable for warranty, and this will likely include having to rebuild the conservatory.
Freeholders have mentioned they have an opinion from their solicitor to suggest I will be responsible to pay for the new conservatory element.
After putting in £14k in service charges in that last year to fund reserve to pay for the new roof, an addition to me directly is hard to swallow and I want to ensure i've done all my due diligence to ensure if and what I'm actually reasonability for - any advice/suggestions?
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