News for hackers. Stuff that matters.

A comment on Machine Money and People Money. Parent comment

Re:Machine Money and People Money by apatters on Monday July 11, 2016 @04:23AM (#12069624)
Whether UBI works or not might turn out to be a cultural thing. There are societies which value getting ahead of your neighbors and there are societies which value everyone being roughly equal.

In a society where being too ambitious is frowned upon (and if you live in America, it might sound crazy, but there are plenty of these), if you live in a neighborhood where everyone is on UBI, why would anyone get a job?

[ Parent | on HN ]
Re:Machine Money and People Money by CuriousSkeptic on Monday July 11, 2016 @04:30PM (#12074238)
"Universal" in UBI implies every neighborhood. It's the the defining characteristic in comparison to welfare, everyone gets it.
[ Parent | on HN ]