It takes a good idea and a willingness to take a risk to start a business. I don't think that risk aversion is what's stopping new businesses, there are a lot of people who do a lot of what I consider too risky.
Instead, what I wonder is how many new businesses wouldn't be viable under a tax structure that provides ubi and health care. Not to be dismissive but that's definitely a concern in a world replete with fledgling businesses that mostly fail.
Yeah this is sort of the reaction I had. Removing "risk" with UBI and free healthcare and free childcare also removes the filters for a lot of people who would be bad at running a business. If you don't have the stomach to take the risk and do the work to make your idea a success, then maybe you shouldn't try.
We don't need millions of more failed businesses as the result of giving everyone UBI.
Why do you need people to make big risks livelihood to do business? People from affluent environment start businesses the most often and they dont really risk all that much. They know they will get help if it fails.
In fact, successful businesses started by people who can return back to good jobs if it fails are completely normal thing.
The data on UBI isn't out there, but it is notable that countries with similar tax rates to the US manage to have universal healthcare and more expansive safety nets. Some examples: New Zealand (tax rate ~30% less than the US), Korea, Switzerland, Australia, UK, Japan, Netherlands, Norway.
Americans really should be asking why we're paying a significantly higher tax burden than New Zealand and not getting similar services as part of the bargain.
Put another way: the US is incredibly rich compared to other countries. Our poorest states have higher GDP per capita than most rich countries. And our taxes are not particularly low. Our social issues are 100% about how we choose to allocate our shared resources. The good thing is we can always choose to make different choices.
Switzerland has mandatory healthcare insurance and subsidies for low income earners. The insurance is provided by private companies. It's not really universal healthcare system like in most EU countries.
Private insurance can work out fine if regulated well. In USA you have regulatory capture that makes services expensive. Impossible barriers to entry coupled with terrible regulation on price transparency and a lot of cartel like behavior.
New Zealand effective taxes rates are generally higher than the US, not lower unless you're doing something odd like comparing based on average local wage.
Switzerland, the Netherlands and Japan all use the Bismark model (contributions for insurance), so taxes don't really reflect the cost of universal healthcare.
The issue in the US is not an allocation problem. The average person in the US already pays more in taxes that are spent on healthcare than in any other country. We're just so inefficient with our spending that we only manage to cover a fraction of our population with it.
> New Zealand effective taxes rates are generally higher than the US
US tax rates are complex due to local variance and other factors. Tax rate on the median NZ income appears to be ~30%. Tax on median US is lower, but state taxes can add significantly. There is not a neat divide between red states & blue states here; Alabama & Georgia have state income taxes, for example.
> The average person in the US already pays more in taxes that are spent on healthcare than in any other country.
Instead, what I wonder is how many new businesses wouldn't be viable under a tax structure that provides ubi and health care. Not to be dismissive but that's definitely a concern in a world replete with fledgling businesses that mostly fail.