3 ms·
I see so much arguing over terms and definition, while the basic premises and dynamics of the system should be familiar to everyone. It's a fact that we're wit
by ekr 7y ago
I see so much arguing over terms and definition, while the basic premises and dynamics of the system should be familiar to everyone.
It's a fact that we're witnessing the concentration of capital into the hands of fewer and fewer. You can see that by looking at what the top 1%, 0.1% own compared to the bottom 80%, 50% etc.
It's also a fact that the bottom 60+% rely on work to get their needs met, to sustain their lives.
So it only follows that should the rate of automation explode, devaluing the work that currently sustains a huge portion of the population, we've got a huge problem on our hands, making the system unsustainable.
But we're also seeing governments, especially in northern Europe, employing taxation policies that are in a way trying to prevent this growing inequality. And in fact, the level of inequality of a nation has been correlated with a lot of undesirable problems. UBI is a natural extension of that.