The Best Alternative to UBI: Capitalist Yeoman
As artificial intelligence improves it could eliminate a lot of jobs therefore leading to massive inequality as the owners of capital would get virtually all of the economic gains.
In order to offset this dystopia some have suggested UBI…
But the first problem with UBI is economic.
Economic growth has declined over the decades due to greater government control…
And so rather than massively growing the pie again by cutting regulations, taxes, bureaucracy, and indoctrination, UBI would theoretically better divide the pie.
Some UBI proponents argue that UBI should only be implemented “instead of” our welfare state and not “in addition to,” but this would only minimize some of the growth constraints and at the end of the day virtually every UBI proponent would support a UBI bill regardless of whether it included spending cuts and so by band-aiding over our underlying limitations it’d only make it easier for the powers-that-be to further consolidate power because we’d be distracted by our “bread and circuses.”
