Thinking about UBI lately. Kurzweil also predicts it quite soon.
With AI&Robotics changing the job market significantly, and fiat issues compounding on themselves, UBI seems a necessity(?) to avoid mass poverty/unemployment. Esp the way fiat debt lending has led the population to, en masses, be overleveraged and insolvent.
Is this (UBI) a positive or a negative then? Or just more or less an inevitable "solution" governments will use as a knee jerk?
Mass unemployment and poverty doesn't seem like a positive or even likely scenario.
The grocery rebate (canada's government handout for low income earners) and sliding tax bracket scale are already precursors to UBI in that it is "giving" the already financially vulnerable a break.
But UBI, napkin economics here, seems like it only perpetuates the issues of fiat central banking. So it's a net negative in the long run.
Thoughts?
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Technology eliminates jobs and replaces them with opportunities. That said Canada already has UBI:
51% of new jobs created in Canada since the pandemic are government positions.
The telecom oligopoly, the big 5, crown corps… all "make work" operations to varying degrees.
