"I don't know if UBI would take people out of the workforce, but it would probably take me out of the workforce."
A realistic UBI would be $10-15k/year, which means a crappy apartment and/or roommates and no luxuries. There's probably a margin where some people who want to do FIRE would be able to retire slightly earlier, but I can't see many people abandoning median or better paying jobs.
UBI sadly is purely a fantasy. We don't have money even for retirement funding, which shows cracks in every country. And UBI is basically a lifetime pension.
We only don't have it because we refuse to collect it. There is enough wealth in the world to end hunger, poverty and allow people to age to death in dignity, but we lack the political will to achieve any of these things.
orangecat|5 months ago
A realistic UBI would be $10-15k/year, which means a crappy apartment and/or roommates and no luxuries. There's probably a margin where some people who want to do FIRE would be able to retire slightly earlier, but I can't see many people abandoning median or better paying jobs.
atemerev|5 months ago
ryandrake|5 months ago
We only don't have it because we refuse to collect it. There is enough wealth in the world to end hunger, poverty and allow people to age to death in dignity, but we lack the political will to achieve any of these things.
vkou|5 months ago
Real estate in particular (but there are others) is a bottomless pit that society dumps money into, and speculators scoop money out of.
joquarky|5 months ago