> What is that gonna achieve exactly? Aren't prices gonna just inflate upwards and things become less affordable? It is a try to save capitalism from itself. Y

> What is that gonna achieve exactly? Aren't prices gonna just inflate upwards and things become less affordable? It is a try to save capitalism from itself. You see, today's tech is turning entire sectors obsolete (e.g. self-driving cars). In a standard capitalistic economy, you work at XCorp who pays you (the employee) in order to be able to buy their products. This model worked in the 20th century where industries (e.g. Ford) had thousands or even millions of workers all over the place. Now we have 5-member companies running startups with millions in turnover. Today average Joe has a very hard time finding a job that will allow him to create a family and live well and no, not everyone can become an engineer, lawyer, doctor or banker. So, we either find a way to re-distribute wealth or we're up for a bumpy ride that will end bad for everyone... Universal income is an idea that is making rounds and is generally accepted by modern economists (left, right and liberals) in various forms of course. The idea is that someone with rather basic needs, will spend all his income in food, shelter, clothes, etc. So, since it's nearly impossible for them to find job, just give them money to spend buying stuff, even iPhones if possible... I believe that we're in a phase of uber-consumerism. To sustain this kind of unnatural growth, capitalism needs to find virtual ways of creating demand or we need to start exporting to mars.