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My preferred solution is UBI + no gambling with the UBI rule. Similar effect in this area (ignoring all the other wonderful benefits a UBI has) but without the
by Ericson2314 6y ago
My preferred solution is UBI + no gambling with the UBI rule. Similar effect in this area (ignoring all the other wonderful benefits a UBI has) but without the nastiness of a net worth rule.
- beambot 6y agoWhere do you draw the line between gambling & investment...? Example: Median returns across venture capital are net-negative, even if expected value is net-positive: https://techcrunch.com/2017/06/01/the-meeting-that-showed-me-the-truth-about-vcs/ https://techcrunch.com/2017/06/01/the-meeting-that-showed-me... The effect is even more extreme for early-stage startups given the power-law nature of returns.
- Ericson2314 6y agoYeah it's all gambling. I'm doing a 180 and saying net worth floor bad, can't spend UBI on it good. The "it" in both cases is supposed to be held constant.