Replying to Avatar Rafa โšก๐ŸŒฟ๐ŸŒด๐“†

How does Ubi work under hard money?

It relies on a fiat money printer, inflating the money supply making everything more expensive...... wheelbarrows of cash for bullshit is how it ends and ppl needing more and more cash to buy less and less shit.

Who is creating the wealth from where UBI stems? The money printer?? Lol.

Ppl being productive is way better than UBI.
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river 2y ago

Not necessarily. Increasing taxes can generate the money for UBI and OpenAI has proposed a tax on AI revenue to pay for a global UBI fund. Iโ€™m not saying that particular plan is good but taxing the productive gains from ai could be a good direction.

UBI is not about people just doing nothing, for the time being anyway. In the US studies Iโ€™ve seen post COVID itโ€™s supposed to be a form of relief assistance for the severely impoverished who often do work (and many times have kids). There was a great documentary that released recently you should watch.

Ofcourse there are bad implementations of UBI. There are bad implementations of any policy. Is this an ideal situation? No itโ€™s not. Is it more helpful than sitting by while people struggle to make ends meet? Yes.

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Rafa โšก๐ŸŒฟ๐ŸŒด๐“† 2y ago

Taxes are theft and Sam Altman is a shitcoining scammer that made an okay product. All UBI is based on socialist ideology. The stimmies caused a bunch of government scamming, wealth redistribution, asset price inflation, and consumer price inflation. UBI wouldn't even be a topic of conversation if the USD was backed by gold instead of violence.