Oddbean new post about login | logout Is it the amount that worries you? I can't do that with the current monthly payments I receive from my feds. Or are you thinking grey market stuff like payday loans?
Yeah I expect it would be like predatory payday loans.
I don’t understand why you’re lost in the weeds? It’s just more money printing. In a debt based system, ubi and potential loans are all just money printing by a different name. And, in this case, it’s just giving out peanuts to the poor to keep them quiet while allocating property to the elite. At the end, you end up like the Soviet Union. With a non productive, complacent and apathetic society that doesn’t produce anything of value. That then implodes.
you can't save everyone from themselves. I don't think UBI will be necessary forever. as a bitcoin standard emerges, a lot of the cultural and mindset issues will fade. maybe it takes a generation or 2 but I see UBI as helping those too deeply bought into the fiat bullshit. when that's not a problem anymore, it'll go away