The biggest issue I see with UBI is that the rates could be set below the cost of living and used as justification to eliminate all other support programs, as was feared the Nixon administration would do when it proposed a negative income tax in the late 1960s. Different solutions are still needed for the small subset of the population that cannot limit spending to necessities when required.
i trust geohot when it comes to finding novel vulns and maybe writing code
i dgaf about anything he has to say about anything else, esp. 2nd year econ class rants about money
> It’s for children and high-end prostitutes.
I love how somehow he manages to make this about women at the end, such as the Malcom in the Middle "hot girl" take. Superlative arguement mon mi.
> A home for poorly researched ideas that I find myself repeating a lot anyway
no kidding
Dad: UBI means just giving everyone money.
Precocious 5 yr old: neat! What do they have to do to get it?
Dad: nothing.
Precocious 5 yr old: Why would we do that?
Dad: Because ai destroyed all paying jobs and allowed billionaires to own everything.
Precocious 5 yr old: Why did we do that?
Dad: We weren’t paying attention.
Precocious 5 yr old: Ok But where does the money come from?
Dad: I don’t know, the government?
Precocious 5 yr old: How does the government get money?
Dad: Taxes
Precocious 5 yr old: How can people pay taxes if they don’t make money?
Dad: Well billionaires will make money.
Precocious 5 yr old: Do those guys pay taxes?
Dad: Sadly no.
Precocious 5 yr old: So where does the money come from again?
Dad: …
If everything's fully automated, then "many people quit work" is irrelevant, because not many people are working, which is the point?
