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Control-Plane Capital1d ago
Most workers could become obsolete over a relatively short period of time (years, not decades) due to AI and robotics. Yes, UBI will be inflationary - just like Covid stimulus checks were inflationary. However, mass job losses and AI + robotics are deflationary, so UBI effectively undoes the deflation and adds inflation on top. They effectively steal most of the productivity that would have otherwise flowed to society. UBI only makes sense when coupled with CBDCs and Digital ID. Each UBI recipient must: - have a legal identity, - be KYC'ed in a compliant wallet, - link to an address/jurisdiction. The shift produces a large, semi-dispossessed class who: - can't rebuild real assets easily, - are structurally less employable in the old sense, - are still needed as consumers and as "consent mass". The question for states is: - "How do we stop these people from becoming an unmanageable insurgency, while still keeping them in the system and consuming?" The answer is UBI. Problem: manage surplus humans in an automated, high-control economy. Solution 1: UBI. Solution 2: Vaccines and war.
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Bitcoin Awareness1d ago
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Des Imoto マキシ1d ago
You use the words inflation/deflation for both, monetary expansion and price increases/decreases. And you don’t use the word productivity at all. That’s confusing and you have a hard time expressing what you are trying to express.
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NNoob1d ago
Solution 1 is unfeasible long term. Again, if you print and give money to someone to buy rice, next iteration rice will be more expensive (because new money get in and quantity of rice production stood the same). And then you need to print more than the earlier iteration. And then more. For the same amount of rice (if demand is constant, ignoring people increasingly adhering to UBI). Parallel to this, rice productors will demand less and less that kind of money, and will try to export it to acquire better money (dollars, Bitcoin, gold). Govern will forbid it... supply then dumps, because there's no more economic meaning for the productor. Then, Government takes it, then they will ruin it. You first messed with demand, printing dollars, then messed with supply (by making it more inefficient). There are many hustoric examples all over showing this... I just put the pieces together here. UBI is unfeasible long term. Maybe it can buy a couple years for governments. That's it.
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