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phriot t1_jdxt7a4 wrote

Reply to comment by Special_Freedom_8069 in How much money saved is the ideal amount to withstand the transition from our economy now, through the period of mass AI-driven layoffs, to implemented UBI? by Xbot391

>I also foresee that the 4% rule or even the whole FIRE (Financial Independence, Retire Early) movement will die out once UBI arrives, for obvious reasons.

Maybe, but I'm not so sure. If it does die out, it will be because the kinds of upper-middle class jobs that support the effort disappear. UBI won't be enough to kill it alone. Most FIRE people seem to want to keep those upper-middle class lifestyles. Fewer seem to want to get to $500k in order to live off $20k/year in the rural Midwest for the rest of their lives. UBI will provide for barely more than subsistence living until we get to a post-scarcity economy.

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