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Exactly. UBI is like printing money - the last stage before a country's hyper-inflationary collapse. Instead of inflation & printing money, we should instead
by tomp 4y ago
Exactly.
UBI is like printing money - the last stage before a country's hyper-inflationary collapse.
Instead of inflation & printing money, we should instead be thinking of salt - once a valuable commodity, nowadays so cheap people are literally giving it away (restaurants don't charge for it).
With enough technological development, almost every necessity of life can be as cheap (and cheaper) as salt. Except medicine, because people will always want to live longer, but even there technology helps - poor people in first-world countries have access to much better healthcare than even the riches human 100 years ago.
- sfe22 4y agoGreat elaboration. If the government kept small like the founding fathers envisioned, I am 99% sure an American would be able to live comfortably on one day of work per week today. They were able to raise a family with one salary way back, and with how much productivity has increased (and would have further increased if not for the government) today would be very different.