Gates probably honestly believes in UBI; the guy is practical to a fault but evil misleading genius he is not. I actually don’t see any better options than UBI long term.

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wannabe44 4 hours ago | parent | next [-]

Only ways to rise in a UBI society where AI is supposed to replace intellectual work is crime and prostitution. Smart people who want better lives than the average will have to get into crime.

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seanmcdirmid 4 hours ago | parent [-]

A UBI society doesn't mean jobs aren’t available. There most certainly will be jobs. But with UBI and universal healthcare, the jobs can pay whatever the market really demands. People always complain about the government subsidizing low Walmart wages for example, but with UBI that argument is moot. Liberalizing the labor market wouldn’t mean less jobs, it would mean more (we would also have to lean more on corporate and consumption taxes rather than taxes around employment which would also make employment easier).

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andriy_koval 2 hours ago | parent [-]

> we would also have to lean more on corporate and consumption taxes rather than taxes around employment which would also make employment easier

I think the only way forward is wealth tax. Rich accumulated so much wealth already, that they don't need to put it to profitable businesses.

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seanmcdirmid an hour ago | parent [-]

Wealth taxes require liquidating investments early and don’t promote good practices, especially if they are applied broadly. I would opt for a tax on loans instead (you have to prepay tax on loans that use investments as collateral and no more step up in basis on death).

	▲	andriy_koval an hour ago \| parent [-]
		> Wealth taxes require liquidating investments early it works for RE already without liquidation > . I would opt for a tax on loans instead (you have to prepay tax on loans that use investments as collateral and no more step up in basis on death). rich just will move from this scheme to something else, and nothing changes.

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dgellow 3 hours ago | parent | prev [-]

Gates has been a ruthless fairly evil genius business man his whole life