I don't know. Would like to be in one? I wouldn't. I rest my case.debtors prison may be a tadge extreme
Unversal Basic Income?
- Thread starter ReganAndCarter
- Start date
Sponsored Links
If you didn't have enough money to pay your debts, how would imprisoning you help?
Firstly, contrary to the current prison regime, prison is intended to act as a deterrent, so people don't want to go the debtor's prison so they moderate their behaviour.
Secondly, it keeps the bad apples away from the populous so their behaviour can't impact others. It stops them burdening others with their taking of things which they can't pay for. Live within your means, or work harder for what you want, no free stuff.
Thirdly, there is the option for someone to clear their debt and the debtor then needs to then payback the benefactor .... typically via some work. (again there is the deterrence factor in this)
But fundamentally, it makes people accountable to themselves and not to be burdens on others.
Rather a simple concept, and the simplest things are often the best.
Sponsored Links
- Joined
- 1 Apr 2016
- Messages
- 13,439
- Reaction score
- 540
- Country
On an economy that relies on extending credit and fractional reserve banking - I wonder how that would effect lending and prices.
So people who haven't got enough money to pay their debts are imprisoned at huge public expense
During which time they are not doing a proper job or earning a decent wage
Simple?
- Joined
- 31 May 2016
- Messages
- 14,545
- Reaction score
- 2,173
- Country
I think the welfare system is primarily to reduce crime. Desperate people need to find food. 150 years ago, people robbed to eat, now they do it, to fuel drug habits. The automation age has been happening for the last 200 years, so I don't see it radically changing the workforce.
Not the hotels we put the prisoners in today, but proper basic prisons that make you not want to be there.
Deterrence is a proven concept, as long as the conditions do actually deter. So when say someone is faced with working for food, housing, cars, holidays, whatever, or not having those things, then they make a choice. The more people are given free stuff, no matter what it is, the more they want.
Seriously?
Most of the manual intensive (low paid) jobs will be replaced over the next couple of decades, so there will be a class of people who can afford the education to become those who design/operate the technology.
Until of course AI gradually takes over from them!
The rest who won't be able to earn a decent living will just become a homogenised group with no hope and living at the whim of the ruling elite.
If a full UBI were to come into force, would you expect it to become the normal income for the majority?
So if it did (in the same way as the minimum wage) why not also impose a maximum wage threshold?
E
EddieM
AI the biggest threat since the 1960's 70's 80's 90's 00's 10's 20's pfft! still I suppose it'll all be powered by electricity from fusion reactors.
E
EddieM
According to OpenAI this is an iPod
When you were in prison, did you think it was like a hotel?
When you go on holiday, do you book a room shared with strangers, with a bucket for sanitary purposes, in a small room you are locked into for 23 hours a day?
Butlins?
- Joined
- 31 May 2016
- Messages
- 14,545
- Reaction score
- 2,173
- Country
I've worked protecting high tech IP long enough to know that its gradual.
4GLs - "will replace computer programmers"
Object Oriented programming "everyone will share code so that we only need to write it once"
SOA - "no need for computers to share files anymore"
cloud "we wont need computers any more"
AI, ML etc..
The common theme is IT over promises and under delivers.
The easier we make it - the more we can achieve. There is a whole universe out there of stuff that man needs/wants to do. We are doing things today that we couldn't imagine 50-100 years ago. One benefit of automation is that fewer humans are placed in the way of harmful machinery and toxic chemicals.
If you impose maximum wage people will find ways around it (bankers bonuses), or people wont innovate.
Sadly, life is competition - to do better, you need to be better than the next guy.
Who was it said, "neither a borrower or lender be and the banks will go bust in a week".
Sponsored Links
Similar threads
