Re: the future long term financial apocalypse of the USA

On Thu, 16 May 2024, Paul S Person wrote:

On Wed, 15 May 2024 21:37:52 +0200, D <nospam@example.net> wrote:
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On Wed, 15 May 2024, Cryptoengineer wrote:
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OTOH, sending every adult in the country, say, $4K/mo and then taxing
the heck out of any income over $48K might work. Particularly as
people lose interest in working and robots take over their jobs. It
could even use a single rate, applicable to all, since those not
making very much would be making their $48K ($96K for married couples,
of course, plus $48K for each dependent). At last! A single-rate
proposal that everyone can support!

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I think some form of UBI is the only sustainable solution.

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UBI is dead from the start. It is proven by the simplest of calculations
and by history what happens with UBI schemes.

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I was unaware that any culture had actually tried it. Indeed, I am
unaware of any culture that is so automated that 99% of the population
are not needed to produce value because robots do it all.
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I am aware that actual tests have indicated that your sort of
viewpoint is far too ideological to be considered realistic. This
includes tests showing that /social workers cost more than welfare
frauds steal/ and that /paying the homeless causes them to find
housing and jobs/ (the easier cases, not those with mental problems or
career criminals).
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And your buddies the Republicans have no problems with paying money to
people -- as long as they are rich people and it is a large amount of
money. It is only paying modest amounts to The Rest of Us that they
object to.
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The best way is to return to the foundation of wester wealth, capitalism
and imprison all the socialists who are the reason why we are where we
are.

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Capitalism does so well that it is constantly screwing up to the point
that laws are required to produce anything resembling proper behavior.
Anti-trust laws. Child-labor laws. Anti-adulteration laws. Deceptive
advertising laws. The list is endless.
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And, with most wealth belonging to the 1%-ers, why should the Rest of
Us care about producing any more of it for them?

I was unaware we have anything resembling capitalism. What we have today is a plan economy with government calling the shots, which is far from capitalism. Many billionaires are the ones who are the most cosy with politicians.
As for who the wealth belongs to and the benefits for the population at large, note that we are living at a high peak of civilization compared with 100 years ago on all scales, infant mortality, wealth, quality of life etc.
I could recommend Johan Norbergs book the capitalist manifesto that shows why this is with data, but I suspect you are more interested in ideology than science.