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I think that some sort of UBI has become absolutely necessary. People who have money tend to have so much of it that they can't possibly spend it efficiently -
by jondubois 9y ago
I think that some sort of UBI has become absolutely necessary.
People who have money tend to have so much of it that they can't possibly spend it efficiently - There is no way for the money to trickle down evenly because wealthy individuals rarely interact with people who are outside of their own social class. In the case of extremely wealthy individuals, they even have to hire a security detail in order to further insulate themselves from the lower classes.
I think that's why cryptocurrencies are going up so much; the very rich can afford to keep 'throwing away' an unlimited amount of surplus money. I don't think cryptocurrencies are a bubble because bubbles only pop when the fear sets in; but if you have unlimited money which you don't care about losing, you have nothing to fear. The way I see it, cryptocurrencies are like UBI for tech people.