Submitted by theshadowturtle t3_zykyic in singularity
GalacticLabyrinth88 t1_j27k2lm wrote
UBI could have positive results, but the drawbacks seriously make me question its viability now and in the future. In my mind, UBI will create or reinforce a two class system between rich and poor. Even if everyone were to get "free" money from the government, it wouldn't be enough to help people live sustainably or beyond the poverty line (welfare, similarly, tends to trap people in poverty and make them dependent on checks, even though it's designed to take people out of poverty).
UBI, I've heard, would trigger hyperinflation everywhere and cause the cost of living to skyrocket due to excessive money printing, negating the benefits of UBI (on top of a possible economic crash/recession that will only benefit the wealthy once again). 1K a month doesn't sound so good when rents balloon to more than 5K. UBI also eliminates innovation and progress, leading to stagnation, and is unfair to the few taxpayers who will still be working in jobs not replaced by AI, but will be forced to shoulder the burden for everyone in society.
UBI doesn't seem like it's very stable and may only semi-function as a temporary measure. The transition from now to full automation could exacerbate short them societal disruption and collapse, which could lead UBI down a messy, ugly path.
Viewing a single comment thread. View all comments