> UBI type system in place to pad the fall, people will bounce back and adapt when industries break down

If you mean UBI that would allow anyone to stop working and live a modest life, that just doesn't work. UBI is essentially redistribution from those who work to those who don't work. That's not just a "safety net" because you could decide to stop working forever just because it's more comfortable than working.

I would possibly exploit such a system. Take 4% from my portfolio + UBI on top. Maybe work 3 days a week if I find a job that I enjoy.

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hungryhobbit 12 minutes ago | parent | next [-]

You have a distorted definition of UBI. The B stands for "basic", as in "not dying in the street of starvation" and a "a roof over your head".

It is NOT about enabling "a modest life" or stopping people from working! On any serious UBI proposal everyone is still incentivized to work.

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goatlover 2 minutes ago | parent | prev | next [-]

You mean some redistribution from those with massive capital to those whose careers have been disrupted. There will always be people who don't want to work or can't. It's better for society if they live comfortably than end up on the street or in prison.

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ben_w 4 hours ago | parent | prev | next [-]

> If you mean UBI that would allow anyone to stop working and live a modest life, that just doesn't work. UBI is essentially redistribution from those who work to those who don't work. That's not just a "safety net" because you could decide to stop working forever just because it's more comfortable than working.

This is, IMO, why UBI has to be timed almost perfectly for when the AI is ready to be the one who does the work.

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lotsofpulp 4 hours ago | parent | prev | next [-]

>UBI is essentially redistribution from those who work to those who don't work.

That is what earned income tax, payroll taxes, and Medicare and Social Security taxes are.

	▲	ben_w 4 hours ago \| parent [-]
		Your list is the "from" part, UBI could be the "to" depending on how people choose to live when they don't need to work.

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fzeroracer 4 hours ago | parent | prev [-]

> UBI is essentially redistribution from those who work to those who don't work.

If you believe this, then surely you also believe pension plans are the devil? If we can't have UBI then we can start by tearing away pension plans for all of the old people my tax money is being wasted on.

	▲	s1artibartfast an hour ago \| parent [-]
		There's a difference between a plan someone worked and paid into and one where you never have to work and get to free ride on someone who does But yes National pensions can have the same problem, as is currently the case in France. The elderly vote themselves higher and benefits, waiting to back breaking taxes on the diminishing number of middle-aged workers