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Guy Swann profile picture
Guy Swann
@TheGuySwann
1000%, discussion around UBI is always a gauge to how well someone understands basic incentives and market function.

There is literally no world where UBI doesn’t destroy an entire layer of the market incentive structure, leaving the society poorer than what UBI gives.

In other words, if you use UNI to give everyone an apple a day, it will lower the supply of apples in society by 2 apples a day, and literally everyone will be worse off by an apple, and worse they become dependent on the one apple they get from “the system” because apples are now too expensive.

Clark Moody @Clark Moody · 70w
Sad to hear intelligent people talk about UBI as if it will solve any problems.
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Puzzles · 70w
Eliminating the IRS is a way better idea. Let people keep the money they earned instead of handing it out bums
skretcode · 70w
Granted on a sound money system. Under a fiat standard there’s an argument that it balances the injustices of the cantillion effect.
inpc · 70w
What about planting trees, especially apple trees?
nostrich · 70w
Why giving an apple a day will lower the supply of apples in society by 2 apples a day?
The Bitcoin Street Journal · 70w
Not only that but the one apple they get from the sytem is also going to be "flavor infused" with swill gates and fraudci mrna juice for 100% more nutrition. Nom nom everyone!
Asdf · 70w
Within a few years AI will probably have an IQ way higher than humans and can make 60% of jobs worldwide obsolete, if I'm correct This transition to a new era will make a lot of movies reality, like Minority Report. How are people going to get income? It will be difficult to know how to provide val...
knockoph · 70w
I have take on this, but it doesn't follow the anarcho capitalist ideal of no state at all, and it also doesn't follow the conservative ideal that everyone is capable of working or needs a functioning family to survive. So for this thought experiment let's assume we live on a Bitcoin standard, a st...
Sleventy3 · 70w
Give a man a fish And pretend its a free meal Next he brings a friend #haiku
IdahoPuma · 70w
Yes it seems that is no one has a job and needs UBI then things will be so cheap it should even out…
Salty Cracker · 70w
I fully support UBI: Keep working and use my UBI check to stack sats harder. #Bitcoin #acceleration
sister_sam · 70w
If Radical Abundance is possible then in that kind of world UBI is not at all damaging. It would be bizarre to charge for many things if your home replicator could cough out as many as you desire, for instance.
Vinzenz · 70w
what's the difference between a UBI and a negative income tax?
TheBitcoinBattery · 70w
I used to believe UBI was what we needed for the world to transition, to a world where nobody needs to work because automation has taken all jobs, but it's just a FIAT solution to FIAT caused problems. Ultimately it's unnecessary because Bitcoin itself actually IS a fair UBI system in a way. Work ha...