A corrupt file led to the FAA ground stoppage. It was also found in the backup

Re:A corrupt file led to the FAA ground stoppage. It was als... by sokoloff on Thursday January 12, 2023 @05:30PM (#34361174)

Where does the UBI money come from in this system, particularly if the surplus gets so bit that there's no reason to take a government job?

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Re:A corrupt file led to the FAA ground stoppage. It was als... by __MatrixMan__ on Thursday January 12, 2023 @07:29PM (#34362366)

We issue it to ourselves, more or less like CirclesUBI is doing it in Berlin.

They're just letting it be inflationary and setting the payout to increase over time to adjust for inflation. So maybe you get $5 per week this year and $8 per week next year... This can be balanced so that it amounts to a more or less constant purchasing power.

Personally I prefer the demurrage approach where account balances just have a decay rate--that way you've got a better shot at $5 written down today having the same meaning to people who read it next year, but the economics are the same.

It's gotta be decoupled from the government so that, as discussed in my model, it can act as a safety net while you're ridding yourself of wasteful bureaucracy. It doesn't exactly work if the bureaucrat can threaten to take away your UBI.

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