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

OSS + Rust. I have one goal in life: the ability to stop thinking at will

If you strip all forms of welfare and substitute with UBI, you would have an asymmetry once again, as people have different capital needs (think caretakers for the disabled, eyewear for poor vision, cars in rural areas to get around vs cities where it isn’t always necessary). How do you correct for these with UBI?

Tbh what I like about UBI is that it’s socialism *without* extra steps, but with uniform access to grift (as opposed to typical socialism that provides grift for a privileged class).

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.

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?

i'd rather kill the radio and listen to the rain hit

Socialism in the purest form is a utopic ideal that has never existed in practice, and in the larger pragmatic implementations, has been a net negative in the long term. Balanced ideals against laissez faire capitalism and social welfare would be a reasonable maximum, if people could actually agree what welfare is.

interesting take, seems pretty solid

thoughts on socialism itself?