Universal Basic Income and Crypto Currency.

in crypto •  7 years ago 

There are many people who find the idea of a universal basic income to be little more than a joke. Others even find it offensive, ludicrous or even dangerous. A unviversal basic income has been compared with communism and there is a deep rooted belief that giving people free money will result in an unproductive workforce and a large group of people who will choose not contribute to society.

Bullocks in my humble opinion

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It seems that although many renowned economists have argued that an universal basic income could be a solution to poverty and that it could empower those who have to struggle most, the fact just remains that in our debt driven and labour based economy a UBI just rubs too many the wrong way to become a reality.

But there is a new wind on the horizon.

In the near future robotics and automatization will inevitably lead to a strong decline in low skilled labour jobs and will replace a large portion of the workforce in service and transport jobs. Very soon universal income will not only be a possibility. It will bebecome a necessity, otherwise, we will lack people with money to buy all these goods which are produced by robots at rock bottom prices.

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People will be more than just the work they do and leisure time will become an opportunity for personal growth.

Crypto currency is the perfect messenger for a global UBI system in this transition period we are in. It does not replace our current income structure, but adds to it and allows a new system to be created with the old.

I strongly believe that if you take a person out of a situation in which they see no perspective, they become happier, more creative, more productive and they will make better decisions. I hope crypto currency is the way to an universal basic income we can slip past the sceptics and will find them surprised the Brave New World is already here.

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As soon as the perception of trust from the general public starts to shift from traditional to crypto currencies their shit storm starts. And no want wants to end up sitting on the biggest bag of excrement in financial history.

Very interesting times people!

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giving people free money will result in an unproductive workforce and a large group of people who will choose not contribute to society.

As opposed to what we have now which is...

Like I said. This point of view is bullocks in my opinion.
Personally I believe a universal basic income will give people more options and by such stimulate people to make more out their life. I expect that there will be very few people who will use their ubi as an excuse to not do anything else.

I think UBI can play a good role in the future but still I keep thinking about how can it be possible for someone to get that income whilst she/he has no contributions for the community?
I am not against UBI at all, I need sometime to understand how it's going.

Elon Musk has an idea about this. Not specifically crypto but the ai and other technologies will force the governments to issue an universal income for people. It makes sense since the jobs actual humans can do are becoming scarcer every day. But on the other hand, with new technologies come new industries and stubborn human kind seems to always find new job opportunities :) so time will tell!

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Very good story. I’m in with you!
Let’s Steemit 😃

There will not be enough jobs for everyone in the economy in the future, we are already starting to see this problem. UBI will be a necessity if we want to move forward with a consumer based economy, it is unavoidable...