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RE: Universal Basic Income is our future, at least according to Mark Zuckerberg
I hate sci-fi. I also do NOT think life will be worse with automation. To the contrary, I think it will be great. The entire purpose of innovation is to make people's lives easier. It's not so far fetched to think that we can achieve a point in time where we reach a general equilibrium or even an excess of energy, the main driving force of economies.
I'm glad that you're taking a patronizing standpoint though instead of backing up your assertions with rational thought.
Oh also, provided that you're wrong and automation does have a significant impact on the job market, such that there isn't enough jobs for people to work, there will be riots, b/c the haves and have-nots will be further polarized. But you seem so confident in your assumptions.
I don't see the reason for basic income and even if I do there is no way you can pull this off without inflation. There is no such thing as free money. If value is just given away, it will accumulate in the economy and living costs will climb up. a new base will be created. So why are we still talking about this?
It is far fetched because everything around you, including the very universe itself is based on inequality and different dynamics. If things come into an equilibrium, aka value being spread equally across all things then everything collapses. When everything has the same value then nothing has value.
I did back them up twice. You make vague unfounded assumptions and you got served accordingly. no harsh feelings.
Inflation is created by pumping more money into the economy. I don't think a UBI is achieved by printing more money.
The universe is limited, and there will be limits. However, I do think we can extract more than enough power resources from renewables to sustain human requirements. There will be other limitations, like food and water, etc. That's something that will continue human intervention and continue to create inequality. I don't see any way around this at the moment, unless the human population declines.
We can just disagree, that's fine. I'm not looking at this as rainbows and unicorns in some kind of perfect fairy tale land. I'm simply saying that there won't be enough jobs for the majority of people, there won't be the need. Will they find other purposes and create value in the world - yes. But, it won't come in the form of a paycheck from a company, because companies will be able to optimize their operations to the point where these people aren't needed.
Can you tell me what these people are going to do when they're not working in factories or driving vehicles for logistics? I'm really curious.
I'm not sure on which side of the UBI argument I fall on, but I did want to question one part of your response kyriacos- I understand there is no such thing as free money but doesn't the government already give out free money to some folk in the form of food stamps, medicare, medicaid, housing vouchers, etc..?
they get those from taxes. With the UBI even a CEO that earns 500k a year will get the same stipend as someone who is living in the streets.
So if everyone is getting the same money, then no one is getting any money. Come on guys. Is not THAT hard. logic 101