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Comment Re: Basic income (Score 1) 684

I can guarantee you that if you guaranteed everyone, say, $20k/year, that landlords will get as close to that $20k/year as they can because they know that everyone will get at least that much.

This is why the minimum wage should be eliminated at the same time. When people are getting only $1/hour for their labor, they will have a HUGE incentive to find a cheap place to live, because living cheaply will bring a far greater ROI compared to working than it does now.

Comment Re: Basic income (Score 5, Insightful) 684

With a basic income, the consequence of failure will no longer be debt and homelessness, but there will always be an economic incentive to succeed.

And you're correct that a basic income will reward stupid decisions, which means it will also eliminate a big part of the risk of starting a new business, and that would be a very good thing for the economy.

Transportation

Tesla Avoids Recall After Autopilot Crash Death (bbc.com) 187

Tesla will not be ordered to recall its semi-autonomous cars in the US, following a fatal crash in May 2016. The US National Highway Traffic Safety Administration closed its investigation after it found no evidence of a defect in the vehicle. From a report: Joshua Brown was killed when his car collided with a lorry while operating in Autopilot mode. Tesla has stated Autopilot is only designed to assist drivers, who must keep their hands on the wheel. The feature is intended to be used on the motorway, where is lets cars automatically change lanes and react to traffic. The NHTSA report said data from the car showed that "the driver took no braking, steering or other actions to avoid the collision". Bryan Thomas from the NHSTA said the driver should have been able to see the lorry for seven seconds, which "should have been enough time to take some action".

Comment Re:liar (Score 1) 562

Ya, I spotted it immediately. He was really brave when he was sure he wouldn't have to do it. Kind of like all the people who claim they'll leave the country over [insert socio-political atrocity]. If they ever followed through, it would really be a newsworthy event.

Comment Re:Some places are impossible. (Score 1) 53

SFPark is like an auction for parking spaces. When there are more people who want to park than there are parking spaces (demand > supply), you simply raise the price until enough people decide to go elsewhere that everyone who remains gets a parking space (so demand = supply).

And when you have fewer people who want to park there than there are parking spaces (demand < supply), you lower the price to make it more attractive and bring in customers to the nearby businesses (so demand = supply).

But if that equilibrium price (the price where demand = supply) is always $0 then there's no point in putting in meters at all.

For more information about the effect of price on demand, I recommend taking a beginning economics course at your local community college. Pay special attention when the topic is on the demand curve.

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