Use access key #2 to skip to page content.

A star trek economy?

Recs

5

October 11, 2013 – Comments (4)

If you have time, you should read this piece from Salon.com. A group in Switzerland is proposing a minimum universal paycheck. Everyone in the country would get paid $2800 a month, regardless of what they do or have done. 

This is called a "Star Trek" economy, because we have arrived at a future where efficiency has risen enough, and there is enough widespread prosperity and resources that we no longer need to have everyone fight to earn a living. The the Star Trek universe, this occurred because energy had become so plentiful and technological advances had reached a level where manufacturing objects / food could happen using a replicator (like a microwave, but rearranges atoms).

It is unlikely that the Swiss proposal will happen, but very interesting that such a fundamental economic idea (work -> money) could be changing in our lifetime.

-Rof  

4 Comments – Post Your Own

#1) On October 11, 2013 at 6:13 PM, awallejr (83.91) wrote:

Doubt it will ever happen and that is more than what most people would receive from Social Security here.  Interesting read though.

Report this comment
#2) On October 11, 2013 at 11:36 PM, HarryCarysGhost (99.70) wrote:

Sign me up!

Although I would supplement that income with artistic endevours, and also dividend income.

Sounds kinda nice. I'm free too make as much or as little as I wan't. (of course there is the tax hit, but I think for the most part people are motivated enough to not spend their time unproductive)

 

Report this comment
#3) On October 12, 2013 at 4:21 PM, somrh (85.76) wrote:

There was a move to try something similar (though not as large of a payout IIRC) with an idea that came from, ironically, Milton Friedman: Negative Income Tax.

It was quasi-implemented with earned-income credit.

One clear advantage over other welfare programs is that working isn't disincentivized.  With a lot of programs, if you work, your benefits get cut to an extent that you'd be better off not working. With a fixed income, there would be no such disincentive. 

Report this comment
#4) On October 18, 2013 at 8:42 AM, GirlsUnder30 (98.21) wrote:

A very bold initiative that the central banks will fight tooth and nail to prevent. Have you guys read this?

http://caps.fool.com/Blogs/how-a-delist-made-the/877429 

Report this comment

Featured Broker Partners


Advertisement