Universal Basic Income is being proposed here in Canada. FFS.
UBI starts at $1,500/mth. Then the excess cash and decrease in production drives prices higher.
So UBI goes to $3k/mth. Prices go higher.
So UBI goes to $10k/mth. Prices surge exponentially.
Before you know it, bread costs $400 a loaf, nobody works, and the average Joe starts learning about Zimbabwe and Venezuela.
This is bullish for Bitcoin. But it's bearish for humanity.
The government needs productive tax slaves to fund UBI. Once the communist leeches jump aboard that train heading for a cliff in the dark, and rest of productive Canadians leave, there will be no one left to fund UBI with taxes.
nostr:npub1nhklq5qzlun6wtqy4hgm752re0z9ag2kyfw52aqzyas38dmk8zuqdmtpwu Josh! You have no idea how happy it makes me seeing you using Nostr! Right on! 😄
Bring more normies. Too much mindless Bitcoin worship in here.
UBI Yes. Reminds me of river rafting. When enough people stop paddling the boat, it crashes into a rock because there's no one left to guide it.
