3 ms·
The rational play is to live off UBI and diamond hands speculative assets, not find a better job. The reason is that with UBI you can believe enough other peopl
by junofan 4y ago
The rational play is to live off UBI and diamond hands speculative assets, not find a better job. The reason is that with UBI you can believe enough other people will be doing the same, leading to speculative bubble after speculative bubble.
- lotsofpulp 4y agoWhy would you assume there is enough funds left over to be able to speculate on assets?
- prepend 4y agoWhy would you assume there’s not? Given any amount of UBI people will be able to fix their costs below that and put the rest toward speculation. I don’t know of a way to fix UBI right at cost because there is so much variability for a person’s costs.
- lotsofpulp 4y agoThere might be some small amount of leftover for a few of the population, but I doubt it would be much to speculate with other than on scratch off lotteries. Presumably, UBI would be a single number nationwide. For example, a politically acceptable minimum quality of life in the middle of Mississippi or whatever is cheapest. There is no worrying about people’s variable costs. If they want to live somewhere more expensive, they work for it.