Basic income ​

This talk by Alan Watts was amazing.

Technology and automation will not stop and more things will be automated with every day. I do believe we will reach a zero marginal cost society or close to it where the costs of manufacturing will be brought down significantly in my lifetime. Basic income then seems like the most sensible solution to the problem of allocating funds and resources amongst most people. At least just enough to not feel constant pressure and anxiety to do things just to survive. And ideally let the person do the things he wants to do or build or learn.

Notes ​

• Turns out the best way to reduce poverty is to give people money instead of inventing labyrinthine welfare programs that are more expensive and less effective.
• I used to be a proponent of universal basic income, but after this past year it's become clear, rent and housing prices will just increase to match whatever extra income people receive. Unless there is real housing reform (not treating housing as an investment) UBI won't be effective.

Links ​

• Jeremy Rifkin on Basic Income
• World After Capital (Code) (In Tweets)
• Impact of UBI on the Labor Market
• What Is the Point of Universal Basic Income? (2020) (HN)
• HN: Coronavirus Is Making Universal Basic Income Look Better (2020)
• Universal Basic Income is Capitalism 2.0 (2020) (HN)
• South Korea’s Universal Basic Income Experiment to Boost the Economy (2020)
• Circles UBI - Basic Income on the Blockchain.
• Universal Basic Income Token - Set of smart contracts designed to provide a sustainable income for market participants.
• European Citizen's Initiative for Unconditional Basic Income (HN)
• Jain Family Institute - Applied research organization in the social sciences.
• Universal Basic Income Is Superior to a $15 Minimum Wage (2019) (HN)
• Would a universal basic income lead to inflation? (2022)