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Rombledore t1_j1q649j wrote

this is why universal basic income will be needed when automation becomes ubiquitous. otherwise the automation will, as you said, produce more than there is a need to be bought.

the fact that there are so many billionaires hoarding wealth that do not see this natural bottle neck to unchecked wealth blows my mind. a testament that disgusting wealth doesn't necessarily imply grand intelligence. just a lack of conscience.


fail-deadly- t1_j1teith wrote

I don’t think UBI will work, when most labor has little value. Money currently is used to simplify exchanging items of value; however, if 50-75% of people have no value to exchange, except what comes from UBI, I think it causes the monetary system to buckle.