You are viewing a single comment's thread from:
RE: Should there be Universal basic income?
Well, money is a way to distribute scarce resources. If due to technology and AI, we are able to achieve abundance (think asteroid mining, vertical farming etc), then we could achieve a post scarcity economy. So, the main bottleneck is technology and resources, not money itself. The more technology and resources we have, the easier it is to implement Universal basic income.
You could also look at it from the perspective of efficient financing. Where is the current money being spent? What if it was re-directed (toward UBI)? Might not money be saved in the long run?
Although I find the theory of UBI fascinating, I don't think it gets anywhere until the old crop of politicians get ousted. Which, who knows, may be sooner than later.
Yup exactly. You could also see a lot of money being pocketed by bankers who don't produce anything.