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Rocketsloth t1_j251au6 wrote

That's why Billionares push the UBI idea so hard. UBI is capitalism on life support. UBI would be very wealthy institutions/states paying the absolute bare minimum to workers for survival (so as soon as you are given UBI you have to spend it on necessities). The money goes out to you the consumer and almost immediately goes back to the institution as profits. Workers keep working even in jobs that are redundant, but corporations keep making profits in an endless cycle. Most people would see that living just on UBI sucks. At that point, many people would then be coerced into contracts where a corporation would be willing to pay an individual more than standard UBI, but the terms of employment would be extremely favorable to the employer and harsh on the employee. Like the company basically controls your life for the duration of the contract. If you complain or resist, the company simply fires you, you go back on UBI, and the corporation hires another desperate sucker to replace you.

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