co-founder @survey x /ponder // benadamsky.com

How do you feel about the idea of a Universal Basic Income (UBI)?

1. Strongly in favor
2. Somewhat in favor
3. Neutral or undecided
4. Somewhat against
5. Strongly against

Question by @ba
https://i.imgur.com/wD15gSJ.png

The pulse of the Farcaster community | Follow for new surveys 📋 | By @ba and @cojo.eth | Visit weponder.io for results. 

5

True universal basic income implies a post-scarcity future, which if attained, rules the concept of currency useless anyway. Anything else is attempted socialism with extra steps and extra consequences/opportunities for grift.

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

Do you think this is in line with the 90/10 rule? (even with UBI in place, money will still end up in the hands of a few which renders it useless in modern day capitalism)

What about a system like social security? What if there are people who become unproductive members of society due to rapid tech innovation?

UBI is essentially recognizing the need for capital in a society with scarcity but fails to consider the asymmetries of each person. Social security is somewhat of a farce, given constant government pilfering of the coffers and it having no relationship to the massive inflation which has transpired.