Viewing a single comment thread. View all comments

TheDavidMichaels t1_j87b6k8 wrote

I wonder how many Chinese people are thinking about Universal Basic Income. The fact is, it's not a feasible option. Governments can't have more money than what is generated from workers' income, and the majority of taxes come from the middle class. If that source of revenue disappears, there will be no money to provide UBI. Additionally, with only 50% labor participation in the US, replacing it with UBI would be unrealistic. The implementation of UBI would cause widespread inflation. The effects of even six months of UBI can already be seen in the world, as it nearly led to the collapse of society and the outbreak of World War III. It is more sensible to provide people with simple jobs and pay them over the minimum wage, with added taxes. This way, they will still be productive and generate more tax revenue. The government's purpose is not to give out money, but to collect taxes. This will never change. People will still be required to work and be taxed, and the idea of retirement may be eliminated. In the future, individuals may even be asked to self-delete by AI. its not that they can figure out another way, it is that they like having human slaves more than machines slaves. machine do not suffer.

−2