On the whole, however, a UBI strikes me as a much less powerful change than a 100-fold productivity increase. If that didn't prevent a huge underclass that has to desperately scrabble for scraps, I expect UBI can't prevent it either.
This is a system problem.
While the current system of money, property rights, and paid work has been hugely beneficial for many people, it has suffered from a major problem: if you could not earn money (and had no savings or family support)... you were forced into charity, or crime... or you starved and died.
This is a system problem.
While the current system of money, property rights, and paid work has been hugely beneficial for many people, it has suffered from a major problem: if you could not earn money (and had no savings or family support)... you were forced into charity, or crime... or you starved and died.
Over the last ... (read more)