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.
Over the last century, it was recognised that this state of affairs is immoral.
Unfortunately, the solution, namely 'welfare', is itself... (read more)
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 century, it was recognised that this state of affairs is immoral.
Unfortunately, the solution, namely 'welfare', is itself... (read more)