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RE: Could Universal Basic Income in America Boost Global Interest in Cryptocurrencies?

It is interesting that there are candidates in high politics who know the UBI at all.

The UBI's reputation at the beginning of the millennium was almost non-existent. At that time I heard about it for the first time. Later, in 2008, I founded a blog specialized only on the UBI, which brought me 700 visitors to an article at peak times.

In Switzerland, the referendum on the UBI in 2016 won 23% approval at the first attempt. Let's see how far the initiative will go next time.

In Germany we basically have such an income, but not unconditionally. UBI is a long-term view that basically takes into account the fact that in consumer-oriented external supply societies everyone needs an income, regardless of whether he goes to work for it or not. Every person always spends the minimum income because he has to live and eat. This money goes one hundred percent back into the cycle and it is economically only logical that everyone must have it, because no person can provide himself with shelter and food.

Decoupling work from income is the basic idea and those who do not understand this do not understand much about modern societies. If it is wanted, it will come. There is definitely no problem in financing.

Politics will change from letting go of the notion that politics needs to take care of "giving work to people".

There are some counter-arguments, but I am too tired to name them.

Midlife crisis? How old are you? LOL :D

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It's definitely interesting that a lot of the tech / crypto community views UBI in a good light. It does seem somewhat sound with unprecedented automation in a consumer-oriented society.

Midlife crisis?

Being on drama steem is reducing my life expectancy, that's why :p