Nostr Web Client

spending so much of our money on war but a ubi is evil and shouldn’t ever be brought up.

The only people who can benefit from #UBI are people who don't produce anything. Any benefit they collect can only come at the expense of those who do. A society that punishes producers to reward those who produce nothing cannot survive.

Less incentive to work inevitably means that fewer will work. When fewer work, less is produced & more must be taken from those who do to support those who do not. When more is taken, those who work eventually leave or drop out of the system, leaving nothing but a country of parasites with nothing to feed on but each other.

Every compromise with people who seek to undermine property rights is a step on the road to hell. There is no middle ground.

Thankfully #Bitcoin makes UBI impossible.

nostr:nevent1qqsqzg3mkk6mx2gzrgk69tt4whendsm2uyhq4g86vple04wh8y0egrcpp4mhxue69uhkummn9ekx7mqzyrzrhw6cutntctu5246cy4lkhffjjyrm6n5zwsrgc2fkc6wenq9h6qcyqqqqqqgxvx5sk

Reply to this note

Please Login to reply.

Discussion

Zach⚡️ 2y ago

Replace UBI with deficit spending and your statement is the exact same.

Personally, I’d love if everyone got 1B dollar checks. The smart can buy more Bitcoin, the poor can repay their debts, and the dollar can go to shit faster.

It’s either slow, uneven debasement or fast, distributed debasement. Rip it baby.

Jeff Swann 2y ago

Yes it basically applies to all govt spending, but I'm not so sure that level of accelerationism would do anything but force intelligent people to flee the chaos. Coercive political strings would almost certainly be attached to the money & there would be massive shortages & inflation with any significant & sustained effort at UBI.

Zach⚡️ 2y ago

This is the most legitimate criticism of UBI, so fair enough. On a theoretical level though, I would rather individuals get printed money than centralized, destructive government organizations.

deleted 2y ago

Great convo 🤙

Zach⚡️ 2y ago

🫡🧡 Agreed!

NeoLuddite 2y ago

It would be nice if we always got happy helping government. Like a benevolent dictator or king or the perfect algorithm

deleted 2y ago

fairs. i disagree with the band aid rip idea...id rather not live in mad max capitalism. Slower the better and I know there is no world where all deficit spending is replaced with UBI...it will be UBI on top. But I also think, while unfair, targeted deficit spending is less damaging to price discovery and capital flows.

Zach⚡️ 2y ago

That’s true.

My main problem with targeted deficit versus broad stimulus is that the things specific deficit is targeted at are usually evil crimes against humanity. War, surveillance, property confiscation, and destructive forms of research and propaganda (COVID)

If you give average people checks, they will pay of their debt, buy food, pay rent, etc. Sure, the price discovery process is worse, but it’s the same end result as putting it all at the top and it prevents horrible central programs from being funded.

Also, Social Security is effectively UBI for old people. That already massively distorts the pricing mechanisms of society. Half of my customers are retirement age because they are the only people who can afford to not care about the price of restaurant food.

The fiat system of debt and money creation has to end, let’s get it over with.

Luffy 2y ago

I agree. Rip the bandaid off quick. No slow bleeding death. The shitcoin dollar needs to be exposed for what it is. To the billionaire UBI's of tomorrow 🍸🍸🍷🍷🍻🍻

deleted 2y ago

well said, this is the inevitable outcome. It's not to say I don't have empathy or a desire to help those that cannot support themselves, but the tradeoff is so disastrous. We basically had temporary UBI during covid in many ways. The costs were immense, the results are being realized and they are disastrous...especially for the children of today. We should do everything we can to stop or at least slow what may be an inevitable march to UBI.