Puppycow
Penultimate Amazing
If robots are taking jobs, their wages can be given to us.
My idea for Universal Basic Income (UBI) Funding.
After all, we don't have to pay robots.
Discuss.
Perhaps in the future.
So far, robots have decidedly not taken all the jobs. Maybe someday they will.
When that day arrives, maybe UBI will be more urgent.
I have an idea that some kind of UBI kicks in when the unemployment rate rises above 10%. Basically that's what the government is doing now on an ad hoc basis anyway: The government is sending stimulus checks to everyone due to COVID-19. Think about it: that's UBI, albeit temporary.
For those who say: but how will we pay for it? The answer lies in Modern Monetary Theory. An act of Congress can basically create new money. The national debt is sort of a fiction. Yes, it must be paid, but the government can order up new money to pay it at will. And the central bank can buy up the debt with money it creates from thin air. So "how do we pay for it" isn't actually the problem you might think it is. The money doesn't have to come from taxpayers necessarily, (although some fraction of it may).