gmalivuk

2019-12-13 Level 7: universal basic income

Dec 13th, 2019
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  1. Greg Malivuk
  2. http://www.pastebin.com/u/gmalivuk - notes from all classes
  3. ---
  4. https://www.youtube.com/watch?v=eKtQJmCMuCc - The real distribution of wealth in America.
  5. ---
  6. UBI = Universal Basic Income
  7. https://en.wikipedia.org/wiki/Basic_income_around_the_world
  8. perverse incentive = negative unintended consequence (e.g. the “welfare cliff” that “encourages” people to avoid increasing their income because their total take-home amount would decrease)
  9. ---
  10. What problems could UBI create? (Imagine that it’s designed well enough to avoid obvious perverse incentives.)
  11. - increased high-income taxes
  12. - inflation (value of money)
  13. - What will stop your landlord from simply increasing rent by $1000/month?
  14. ---
  15. p. 358
  16. Transcript of LBJ’s speech: https://teachingamericanhistory.org/library/document/great-society-speech/
  17. paragraph 2
  18. patchwork = system with lots of different mismatched pieces (like a patchwork quilt)
  19. backlash = strong negative response to something
  20. paragraph 4
  21. dire = terrible
  22. dire straits = bad or difficult situation or state of affairs
  23. ---
  24. BREAK
  25. ---
  26. paragraph 6
  27. means-testing = the process of “testing” the “means” (resources, including income) of potential recipients before giving them a benefit like welfare
  28. supersede = replace, especially if the new thing does the same job better
  29. voucher = something (e.g. a ticket or coupon) that entitles a person to a discount or service
  30. duplicative = repetitive or redundant
  31. paragraph 7
  32. jeopardize = threaten or endanger
  33. automatization = automation = using machines (e.g. computers and robots) to automate something
  34. slash = dramatically reduce
  35. spur (v) = encourage or promote
  36. ---
  37. There are conservative arguments against UBI (on the basis that it would increase taxes and government spending):
  38. https://fee.org/articles/the-top-three-arguments-against-a-universal-basic-income/
  39. There are also liberal and leftist critiques:
  40. https://www.thersa.org/discover/publications-and-articles/rsa-comment/2018/11/the-progressive-case-against-ubi - Current social programs are effective and need more help, not to be eliminated by a UBI.
  41. https://www.jacobinmag.com/2017/12/universal-basic-income-inequality-work - “A universal basic income would shore up the market. We need ideas that shrink it.”
  42. ---
  43. liberal = reform capitalism so it works better for people
  44. leftist = abolish capitalism (and instead have socialism or communism)
  45. ---
  46. Rules for splitting words (with a hyphen) at the end of a line
  47. https://www.bestessays.com/splitting_words_guide.php
  48. - never split one-syllable words
  49. - split between morphemes (roots, prefixes, suffixes) if possible
  50. - split between repeated consonants
  51. - don’t leave just one or two letters on a line (except possibly ‘-ed’ for regular verbs)
  52. - never split a digraph that makes a single sound (th, ch, sh)
  53. - dictionaries often show the convential syllable divisions
  54. https://www.merriam-webster.com/dictionary/government
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