It is 2032 and a guaranteed universal basic income has been in place for about 5 years now. My dad is a doctor and went through 2 medical residencies to get where he is now.
He has been in school for as long as I can remember, working hard, studying so much my family barely saw him, he even had to work two jobs when he was in residency so that our family could live comfortably. 6 years ago, all of my dad’s dedication and hard work paid off. He opened his own practice! Back then, we all thought we would be able to go on extravagant vacations together, we could live in my parents dream house, and my dad was finally starting to earn back the money he had spent on medical school and opening his own office. Sounds pretty great right?
Well that only …show more content…
The only problem is that if one is already in possession of the very thing that motivates them, they most likely won't work as hard. Four experiments in the 1960’s and 1970’s proved this to be true. The experiments looked at Negative Income Taxes (NIT) impact on how hard people were working. Workers who received the NIT grants worked less than those who did not receive the NIT grants. This goes to show that simply handing over money to people is a system bound to fail.
Being independent is an essential part of someone's life. During one’s childhood they live with their parents where they learn, grow, figure out who they are, and eventually become more and more independent. Well what happens after that? They move out of their parents’ home and get a job, find their own place and live for themselves..right? Ideally yes, but with a UBI that would not be the case. If something were to happen to the UBI and it didn’t continue people will have become so dependent on government money that some may not even know how to provide for themselves. To illustrate, it's possible that one would lose a job opportunity if they didn't accept it while they had the UBI.
A universal basic income would also affect the economy and inflation. With more
He has been in school for as long as I can remember, working hard, studying so much my family barely saw him, he even had to work two jobs when he was in residency so that our family could live comfortably. 6 years ago, all of my dad’s dedication and hard work paid off. He opened his own practice! Back then, we all thought we would be able to go on extravagant vacations together, we could live in my parents dream house, and my dad was finally starting to earn back the money he had spent on medical school and opening his own office. Sounds pretty great right?
Well that only …show more content…
The only problem is that if one is already in possession of the very thing that motivates them, they most likely won't work as hard. Four experiments in the 1960’s and 1970’s proved this to be true. The experiments looked at Negative Income Taxes (NIT) impact on how hard people were working. Workers who received the NIT grants worked less than those who did not receive the NIT grants. This goes to show that simply handing over money to people is a system bound to fail.
Being independent is an essential part of someone's life. During one’s childhood they live with their parents where they learn, grow, figure out who they are, and eventually become more and more independent. Well what happens after that? They move out of their parents’ home and get a job, find their own place and live for themselves..right? Ideally yes, but with a UBI that would not be the case. If something were to happen to the UBI and it didn’t continue people will have become so dependent on government money that some may not even know how to provide for themselves. To illustrate, it's possible that one would lose a job opportunity if they didn't accept it while they had the UBI.
A universal basic income would also affect the economy and inflation. With more