This is easily the best response I've seen to all of my questions, but it is all extremely optimistic and untested. There are always unforseen side effects whenever you steer the market in new ways.
I would strongly urge that we carry out smaller scale experiments / split tests before anyone commits nationwide.
I envision a deepening of the social divide, as the uneducated and unskilled further separate from the educated. Within very few generations you would be left with an unrecognizable society.
Everyone here is looking at it from the lens of the intelligent hopeful tech entrepreneur. That's lovely, but we are the extreme minority.
I'd say it's overly optimistic. If all you do is drop cash from helicopters, it is entirely possible that there is never enough of a sense of economic security to encourage the increased small business starts needed to reach a new equilibrium. That's why I don't think that UBI would work unless some of the benefit were supplied as basic goods and services rather than cash.
At minimum, the UBI provider would have to supply food, water, housing, sanitation, electricity, and network, along with the cash. Otherwise, between those necessities, incumbent suppliers could capture all the excess cash and send it right back to the owners.
I would strongly urge that we carry out smaller scale experiments / split tests before anyone commits nationwide.
I envision a deepening of the social divide, as the uneducated and unskilled further separate from the educated. Within very few generations you would be left with an unrecognizable society.
Everyone here is looking at it from the lens of the intelligent hopeful tech entrepreneur. That's lovely, but we are the extreme minority.