You are viewing a single comment's thread from:
RE: Overthinking wealth Distribution - A practical guide to a quick headache
Blockchain-level UBI, identity verification to receive UBI, and flat taxation on all interest earned. Enforce it for everyone.
IMO, Universal Basic Income is WELFARE - and it don't work - just take a look around...
It is merely a temporary bandage that will be and is already necessary, it is not like modern welfare programs, it works and has proven to be effective and more countries are testing it, I will not continue further because I can see your mindset is fixed on this issue, but I will be glad to see how things turn out for you in a UBI-less world when AI is capable of exceeding human performance for less cost in every field imaginable.
They said the same thing when "buggy-whips" went obsolete with the advent of the motor car. Nonetheless, quite nice of you, truly. We cordially agree to disagree! That's cool! :-)
Nice edit. Technology has been displacing labor at a rapid pace historically, permanent underemployment and unemployment is already seeping into many areas even in developed economies, fortunately technology such as blockchain will render even more paper-pushers obsolete (which is why the corporate-eth alliance exists in the first place, they are not doing so to benefit we humans) so we will see more of the effects within a generation when the cost of implementing AI solutions is driven lower and lower.
Ha-ha... Thanks! At least we can edit! :-)
No doubt that a disparity problem can/will rise to an unsustainable point of no return. In my view, in contrast to redistributing "unearned money," a voluntary free-market solution would be best (whatever that may happen to be). Until such time as a voluntary free market solution is adopted, it may be such that UBI could bridge the gap so that the tipping point of the disenfranchised masses do not decide to overturn the entire game board to unrecoverable rubble. That much I will grant you, however, in my view, UBI should be an emergency short-term solution only.