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21 sats \ 3 replies \ @doubleplusgood23 19 May \ on: AI 'godfather' says universal basic income will be needed news
Considering how much we spend on “entitlements”/“welfare” as it is I am interested in changing the system into something more sustainable.
It seems difficult to make the basic math work on UBI though. I’ve heard “negative income tax” is what people who understand economics call it.
Isn't the point of it to replace all other welfare and entitlement systems? Everyone gets UBI and then the free market handles the rest, thus removing huge amounts of the state apparatus and its interference.