Only way UBI works is if the govts increase taxes on all income or any income to almost 90%+...
And then re-distribute to each person accordingly. That ain't happening, no govt will be willing to try that, and rich won't let that happen, they will become slightly rich from very rich. that just ain't happening.
If we are able to fill our storefronts with magnificent AI creations for cents on the dollar, would that be profitable enough for the producers to pay enough tax to cover UBI? Producers would still face pricing pressure to lower margins to eat up all those productivity gains. Every path forward seems very uncertain
Great point! But for how many weeks will you enjoy your UBI before the rulers say "Okay, now that we're paying all of your salaries, it's time for you to do the work we need. Off you go to build the railroad or the giant dam! Here's a pick-axe."
