3 ms·
You don't have to bypass the current powers, you just have to dilute them sufficiently. Currency is just a coupon you spend to redeem on human productive output
by viklove 7y ago
You don't have to bypass the current powers, you just have to dilute them sufficiently. Currency is just a coupon you spend to redeem on human productive output (goods and services). Since the wealthy have most of the currency, they decide to "spend" human productive output on making them wealthier.
Billionaires shouldn't unilaterally decide how society spends its human productive output, that should be a decision society as a whole gets to make. How do you accomplish this? Universal basic income would dilute billionaire's ability to control how human productive output is spent, and instead, society as a whole would get to make that decision.
Inflation caused by UBI only hurts one class of people -- billionaires. Everyone else ends up better off, and has more of a say on the direction of human civilization.