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Lumifer comments on Open thread, May 15 - May 21, 2017 - Less Wrong Discussion

1 Post author: Elo 15 May 2017 07:06AM

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Comment author: Lumifer 19 May 2017 04:09:45PM *  0 points [-]

one possible solution for "people who have nothing to sell" is generally known as Basic Income

A solution for "people who have nothing to sell" is generally known as welfare. It exists in all the developed world and consumes large fractions of government budgets.

Basic income is more of a solution for people who are capable of, but don't want to make something to sell.