this post was submitted on 19 Mar 2024
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[–] [email protected] 659 points 8 months ago (35 children)

The important piece of this to me is this: She made $1 mil on OnlyFans and $42k/year as a teacher. She wants to be a teacher despite making plenty of money from other sources. This tells me that unless you have other evidence of impropriety she's someone we want in the classroom. It also reinforces my stance, along with plenty of other studies that have been performed, that a universal basic income won't stop people from working.

Pay people better and we'll just keep working because we like it. It's part of being human, but we shouldn't be suffering to survive at the same time.

[–] [email protected] 184 points 8 months ago (2 children)

$1 million = 23.8 years of teaching at $42K/yr.

[–] [email protected] 75 points 8 months ago (2 children)

Add in that id you don't blow it all, you get to count the interest income. A long term investment gets about 6-7% per year. That's actually more than the teaching job pay.

[–] [email protected] 15 points 8 months ago (1 children)

To go the other way, her tax bracket is a lot higher than the base salary alone would be. And if it's $1m in a year, almost all of that will be in the highest bracket.

[–] [email protected] 44 points 8 months ago* (last edited 8 months ago)

If shes single, her combined effective federal and Missouri income tax is around 40%, so she took home roughly 600k. If she's married, then her total effective tax is 25%, so she took home 750k.

For the 600k investment at a conservative 4%, which right now you can get in some savings accounts, her interest alone would be 24k/yr. For the 750k, it would be 30k/yr.

With a more realistic return of 7-8% in today's high interest rate markets, both of those sums would net more than her old salary of 42k/yr.

[–] [email protected] 3 points 8 months ago

A long term investment gets about 6-7% per year.

Much better than that in the current market

[–] [email protected] 28 points 8 months ago (1 children)

Brb selling pictures of my balloon knot.

In all seriousness though, I don't blame her one bit

[–] [email protected] 4 points 8 months ago

You'll forgetting rule one

[–] [email protected] 35 points 8 months ago

People probably will choose to work on different things though. It's harder to exploit a workforce that isn't as desperate. That's the real reason why UBI isn't happening.

[–] [email protected] 27 points 8 months ago (1 children)

I quit a job I really liked for one I didn't like nearly as much because I hardly made more than minimum wage

If I won the lottery I would go back to that first job and work for free.

[–] [email protected] 0 points 8 months ago (1 children)

What job would anyone do for free, apart from unpaid sex work?

[–] [email protected] 1 points 8 months ago

Working with animals

[–] [email protected] 17 points 8 months ago

Ditto. Ive met countless older people now who kept up doing the work they were passionate about, even if it in time became a hobby that they did at a loss. People like to work. They like to see the fruits of their labor take shape before their eyes, and they like feeling like theyre doing something that benefits someone other than themselves.

As it stands, the rules we live by only reward the infinite pursuit of profit, but that doesnt align with the values people find themselves holding whether they like it or not.

[–] [email protected] 15 points 8 months ago

Case in point to your last part:

I was fired at the beginning of the year. I had sufficient funds I coulda retired if I wanted to. I’m not quite 40.

It’s been 2 months and I am so fucking bored I got a job. I didn’t go get a part time job to fill my time, I got a job in my field continuing to work at “my level” because it fulfills me.

I’m now able to do what I want because I want to rather than because of some existential need. My work product is WAY better.

[–] [email protected] 3 points 8 months ago* (last edited 8 months ago) (3 children)

a universal basic income won't stop people from working

A bit offtopic, but I came to the same conclusion during a somewhat philosophical discussion with a friend who expressed skepticism with the increased automation aspect of the world, and we extrapolated this into a hypothetical world where almost everything was automated.

His concern was that one day humanity could find themselves dependent on an automated system over which they had no control.

My response, being a bit of a techno-optimist, was that:

  1. We kind of already do
  2. Someone has to keep this system running
  3. Even if I was paid an UBI, I would still like to be part of #2.

I'm the kind of guy who makes the little gears spin so that the cog can turn, and I derive entertainment from reviving broken complex systems, and I wouldn't want it any other way

[–] [email protected] 3 points 8 months ago

I completely agree. I tinker and change my PC to parts because it's fun. Did it make a difference to performance? Kinda. Was the effort put forth because of performance alone? No. People like making Legos and just put them on a shelf. There are consumer products where the customer is paying to do the work themselves for little gain above the fun of the journey. Why wouldn't it expand to many other areas? And if there's not enough people willing to do something, make it worth their while to fix it, but that's already a problem and UBI isn't the big smoking gun people claim it to be.

[–] [email protected] 3 points 8 months ago

There are valid criticisms to UBI (usually specific to each implementation), but "lazy workers" will never be one of them.

[–] [email protected] 0 points 8 months ago* (last edited 8 months ago)

We ARE dependent on systems over which we have no control, since a LONG time, the hell are you on about? One cog in this machinery busts, and you die, and you won't be able to do a thing about it.

Edit: jesus I was drunk when I wrote this shit, sorry

[–] [email protected] 1 points 8 months ago

I can see a problem with kids in her school starting to see her as a sex worker rather than a teacher.

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