Re:Universal basic income to be tested in Wales
by Dudeman112 on Saturday May 15, 2021 @12:47PM
(#27166782)
>No, that just means there are a lot of people below your living standard who are willing to work for you, in exchange for the resources you have accumulated over your life.
This doesn't bother you at all? Do note that if I planned to have a descendant they wouldn't have to work either (my financial independence is relying on an income instead of having so much money that I couldn't spend it in my lifetime)
Re:Universal basic income to be tested in Wales
by sokoloff on Saturday May 15, 2021 @12:59PM
(#27166891)
I think you saving for the future rather than immediately consuming 100% or more of the value you produce is laudable and starting your descendants, if any, with the fruits of your under-consumption is therefore fine.
You could spend it all in your lifetime; you’re just choosing not to.
No, that just means there are a lot of people below your living standard who are willing to work for you, in exchange for the resources you have accumulated over your life. You are also owning machines that make it possible to sustain yourself and some of the labor input is necessary but not the primary driver of value.
Think about how much a human tractor driver contributes to how much food is being produced vs how much the tractor contributes. Without the tractor the driver could have never possibly farmed that much food.