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RE: Universal Basic Income = Slavery
The debt is at the point were it will never be repaid...at present universal wage is paid to wall street in the form or bailout and QE, why not give it to everyone not just insiders. After all it is as easy as data entry. Currency should be free and circulated evenly not the trickle down effect they hope for.
When you play a game of monopoly you need the money to play, same with life...its just a game. Currency has no value anyhow, its just a confidence trick.
You are right when you say money is just printed and handed out to insiders. Currently though it does have value. Is it backed by anything? No. Is it fragile? Yes. The difference between handouts to everyone and handouts to insiders is the insiders keep that money in their systems at least preserving the value to an extent. I don't think they should have that privilege, but there is a vital difference. Additionally the effect this "free" money would have on keeping government in check as well as inflation would be disastrous. Did you actually read the post?
I would have to disagree with you amigo.
It is backed by the military and legal tender laws. I am not sure the elites keep it their system as you say, they definately keep it to themselves. But having said that have you seen whats happened to the price of high end realestate and art for example since the GFC that inflation infact hyper and they handle it ok...of course I read the article I just dont agree with it. We have out of control inflation at present because it is required by the banks to keep the illusions of interest payments, there are many ways that it can be controlled for example when a person passes their currency value can be removed from the system
So you say currency has no value but it is backed by military and legal tender laws...ok... getting quite into semantics here. I was describing the fact that it is fiat currency with no ECONOMIC backing, but feel free to argue a point we both agree on. Universal basic income is not a solution, putting the discussion of money aside, it still does not solve the issue of resource scarcity. You can print money all day, you can't just print resources. As a result prices will reflect that, and goods will simply inflate to the point that the free money is no longer effective at providing basic needs. Additionally as I described in detail, any time the population is dependent on the government for resources, it is a recipe for tyranny. I would love to hear your argument against those points.
Yes we are on the same page...we are here, right. And yes being on the government tit is no good. And yes I am a student of the laws of nature, understanding unlimited energy chasing finite resources and it's limitations.
I think we agree the answer is not an easy one.
But what is the answer, is the 20 trillion dollar question.
Thanks for the debate amigo, I enjoyed it
Here is a tongue in cheek article I did...
https://steemit.com/illuminati/@cheekybuggy/the-game-of-life-this-is-how-it-should-be