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Thomas Picketty agrees: https://www.tbray.org/ongoing/When/201x/2014/05/01/Piketty-Capital https://www.tbray.org/ongoing/When/201x/2014/05/01/Piketty-C... We

• drekipus 3y ago
  Basic income would only be used to enslave other countries that don't implement it (much like sweatshops/consumerism we have now) If everyone implements it, then it's pointless, because currency only works when there's a potential difference (much like electricity). Basic income detracts from the conversation; we're talking about issues and you've got your favourite solution that is inevitably going to be shoe-horned into the conversation.
  • Terr_ 3y ago
    > If everyone implements [basic income], then it's pointless, because currency only works when there's a potential difference (much like electricity). No: Just because the butcher and the baker and the candlestick-maker all get a minimal $X per year does not mean that you've created a village of economic clones where trade is dead and currency is pointless. They will continue to have different ways of making money, different assets, different needs/expenses, different price-preferences, etc.