4 ms·
As I've mentioned in other replies, for the same amount of dollars pumped into UBI (where it has to be distributed to the entire populace), this system can dist
by andrewla 10y ago
As I've mentioned in other replies, for the same amount of dollars pumped into UBI (where it has to be distributed to the entire populace), this system can distribute that money instead to a much, much smaller segment of the population.
If, say, 10% of people opt to participate in "wasted-work", then each will receive 10x the benefit they would get from UBI, meaning that would be able to afford to save up money, or work part-time and still have sufficient money to support themselves while they pursue the "creation of value in ways that are currently economically infeasible".
UBI sounds great, but on a dollar-for-dollar basis it just seems worse than this because the level of compensation cannot be as high.