Currently, automation is often seen as very negative, because it eliminates jobs. When jobs become much less of a necessity, due to their income generating function being taken over by a SUPI, the negative sentiments against automation will decrease – and may even turn into demands for faster automation. Social and political resistance against automation will disappear. Therefore, the speed of innovation can increase, which should give the economy a big boost.
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For the rest of this article I assume a model which I see as suboptimal – but realistic – conservative compromise: Almost all social security policies get slashed in favour of a sufficient UBI. Consumption taxes and income taxes are both increased so much that they can cover any additional cost that a sufficient UBI would impose. Land value taxation and social dividends are not used to finance the UBI, even though that might be seen as preferred solution.
In this article series I present two different versions of a universal basic income (UBI). The first two parts are about a moderate UBI that aims to cover basic living expenses. As short-term goal I propose experimentation with this moderate concept with the medium-term goal to implement it on the national level. It does not matter much which nation is meant exactly, because the logic of the UBI will be basically the same for all nations.
How can technology that we are able to build with today’s tools help us to solve the big problems of individuals, organizations, and the world at large? More specifically: How can we use the internet in the best way to improve our collective problem-solving capabilities? Questions like these don’t seem to be asked very often, perhaps because people usually focus on specific problems, rather than general problem-solving in its own right.