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markus_zhang 2 hours ago

UBI is good on paper but far from enough. Without Universal Ownership of the State, UBI is easily removed by inflation.

A better yet more difficult model is universal basic resources (food stamp to exchange for packages, social housing, etc.). People can work X hours on these social projects after reviewing some training (e.g. training of plumbing to maintain the social housing apartments). This also gives them some meaning in life. Of course this will degrade in the future if there is no ownership of the state by the people, but I think it’s going to last longer.

JumpCrisscross 2 hours ago | parent [-]

> UBI is easily removed by inflation

Source? A $20k UBI wouldn’t likely secularly increase food costs on a per-calorie basis. Those folks are already eating. There will just be supply-chain friction as the system adjusts to their newly-expressable preferences.

markus_zhang 2 hours ago | parent [-]

Just my hunch, as no major country has really rolled out UBI for everyone.

For example, how about supermarkets increasing prices? We already saw that happening for a few years since the COVID. And how about landlords increasing rents?