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Comment by yummyfajitas | Hacker News Reader

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yummyfajitas·

I don't understand. Can you provide a back of the envelope calculation to explain your thoughts?

For a BI to be bad from the perspective you're talking about it has to actively make people less productive.

You mean like a 10% reduction in work hours? https://decorrespondent.nl/541/why-we-should-give-free-money...

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It’s the redistribution that you’re missing.

300M * $20k does equal $6 trillion but it is returned to the tax payer who stumped up the $6 trillion.

The 50M who aren’t contributing tax represent an actual cost of $1 trillion. The remaining $5 trillion is redistributed.

250M people contribute $20k. 300M people receive $16.6k.

300M * $20k - $6 trillion == $0

I'm sure you didn't mean this, but let's be clear the 6T is not returned to the tax payer that stumped it. Since this isn't generated wealth, just redistributed, it's a cost to someone. Someone's getting 20k, and someone's paying for it. And some people are going to be paying a lot more than 20k, and some people won't be paying in anything.

The money does go back to the tax payers.. Its redistributed amongst the tax payers. Its pretty much the core concept.

You thought that I thought they just sent the cheques back in the post? That would be bizarre indeed!

"250M people contribute $20k. 300M people receive $16.6k."

No, more work hours != more productivity. The very article you linked to illustrates that.

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