UBI, slacking, Maslow and democracy

If Universal Basic Income is introduced -per common thinking- people will slack for the rest of their lives.
And Yes, some people will definitely do that, it will be their choice, and we should consider the implications.
There are people however who will never be able do anything of themselves because they are held back by the everyday needs of life: it’s hard to make something big, while having to concern oneself with bringing food to the family’s table, as Maslow taught us with his beautifully concise pyramid.

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To UBI or not to UBI?

Spoiler alert: to UBI!
The fact is: sooner or later setting up some sort of Universal Basic Income (i.e.: free money for everyone, working or not) will become cheaper than maintaining social order.

This may happen within just over a decade or take a lot longer, but as the technology advances, it will make automation ubiquitous and lower the costs of goods further and further.

If this sounds like just a crazy socialist-ish utopia without fundament, let’s go through the numbers!

Continue reading “To UBI or not to UBI?”

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