Re: jobs apocalypse

On Wed, 17 Jul 2024, Retrograde wrote:

On 2024-07-17, JAB <here@is.invalid> wrote:

Money for nothing: is universal basic income about to transform
society?

>
No, it's not.  :)  Thanks for asking.
>
And the reason is, somebody somewhere has to pay - through taxes - the
money that gets disbursed for universal basic income.  And no one wants
to do that, not even me.
>

Also note that it is a slippery slope. Even if it would work financially, and due to the cost and inefficiencies created it will never work in a pre-scarcity society, it will increase inflation, so that UBI would never fully cover everything. UBI was tried with disastrous results in the soviet union, so it is disproven both financially and historically.
Let's play with the idea that we do reach a post-scarcity society, with 100% automated production and consumption tracking, all fuel by solar power and AI, then it might, but on the other hand, money would then, as an instrument, have lost its meaning so wouldn't be needed anyway.