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You can illustrate how stupid UBI is by describing it to a child. Dad: UBI means just giving everyone money. Precocious 5 yr old: neat! What do they have to d
by tim-tday 8mo ago
You can illustrate how stupid UBI is by describing it to a child.
Dad: UBI means just giving everyone money.
Precocious 5 yr old: neat! What do they have to do to get it?
Dad: nothing.
Precocious 5 yr old: Why would we do that?
Dad: Because ai destroyed all paying jobs and allowed billionaires to own everything.
Precocious 5 yr old: Why did we do that?
Dad: We weren’t paying attention.
Precocious 5 yr old: Ok But where does the money come from?
Dad: I don’t know, the government?
Precocious 5 yr old: How does the government get money?
Dad: Taxes
Precocious 5 yr old: How can people pay taxes if they don’t make money?
Dad: Well billionaires will make money.
Precocious 5 yr old: Do those guys pay taxes?
Dad: Sadly no.
Precocious 5 yr old: So where does the money come from again?
Dad: …
- PaulHoule 8mo agoThe precocious economist will add that banks make money by making loans.
- gsf_emergency_6 8mo ago[dead]