RE: Universal Basic Income is Communism 2.0
Even supposing that the resources were unlimited, the UBI would fail.
UBI is only sustainable through unlimited resources. The reason it would still fail is psycho-social. Basically the wheel of civilization would stop turning. From early civilizations to middle ages, there wasn't much of a change. Bitcoin that revolutionized the world as we knew it is now merely a relic akin to dial-up internet. This progress would come to a halt.
People would still work under UBI. But since working doesn't matter, at least 99.99% of the people will end up doing work that doesn't matter (except for personal satisfaction).
Switzerland is one of the most free countries according to http://www.heritage.org/index/ranking and they will survive considering they have a history of capital friendly policies.. As for Sweden (Unless some drastic changes happen), 1 Generation and they'll be a part of the 3rd world. Germany would take 2 More Generations.
Not necessarily, I propose a hypothesis in which a society that implements the UBI could not coordinate the productive factors to exploit those "infinite resources", because the implementation of the UBI would bring about the total distortion of the economy. It would be like placing a communist software in a capitalist hardware.
Infinity is actually a much more abstract number. Think about the natural numbers (1,2,3.....) There is an infinite amount of them. Think about the square numbers (1,4,9,16....) there is also and infinite amount of them.
Infinity + Infinity = Infinity
Infinity - Infinity = Infinity
As long as the inefficiency isn't absolute (100%) UBI is sustainable through Infinite resources. But these are just theoretical stuff. You are not going to have infinite resources in your lifetime. So UBI is unsustainable. Period.
The UBI would be sustainable if that system could have the capacity to produce what is demanded, what happens is that I do not believe that a productive socialist / communist system can achieve production levels to exploit those resources and create the wealth demanded by the consumers, in such a way that the problem of inflation would continue to exist.
I do not see it possible for UBI to work, for me, there is no easy road, we have to work and create wealth, only abundance will allow prices to fall for consumers.
We went into the pure mathematic realm discussing about non-finite resources. Infinity is a tricky case. Can a person win 500 lottery jackpots in a row? If this person is given infinite chances, the answer is YES.
The capacity to produce what is demanded in a commie system is still not an absolute zero. Given enough time a person could figure out all the private-public keys in BTC using a 5 year old smartphone.
UBI is unsustainable in a realistic scenario. Period. But it can work under unrealistic fictional conditions.