Re:I wish GPT4 had never happened
by Nifty3929 on Monday April 10, 2023 @02:45PM
(#35515835)
No inflation required. People buy things from whoever owns the production, and the producers pay high taxes to fund the UBI. No net money creation required.
[ Parent
| on HN ]
Then you've created a net deficit. You can't ignore algebra and pay more than it costs to make something and put it on the shelves. Without those paying people to put it on the shelves making more than it costs to pay those people there's no incentive. This is a pipe dream without causing inflation and doing nothing in aggregate.