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A comment on Universal basic income of £1,600 a month to be trialled in England. Parent comment

Re:Universal basic income of £1,600 a month to be trialled i... by seanmcdirmid on Sunday June 04, 2023 @11:19AM (#36186297)
> I personally believe MMT is an option to make this happen. Print money to basically zero out all debt with inflation but provide everything someone needs to live while you do it. The first step on the path to a post-scarcity reality.

If you do that without having a post-scarcity economy/reality, surely the result will look more like mad max and not Star Trek? Zeroing out debts would be a huge boon to the rich, although they would need to invest in guns to protect the property they no longer have to pay a mortgage for.

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Re:Universal basic income of £1,600 a month to be trialled i... by bluefishinit on Sunday June 04, 2023 @11:31AM (#36186390)
Like I said, it needs to be paired with public issuance of everything someone needs to survive a dignified existence (not the case for Mad Max).
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Re:Universal basic income of £1,600 a month to be trialled i... by seanmcdirmid on Sunday June 04, 2023 @11:40AM (#36186463)
That’s fine if society can afford it. If we do it, we must already be at a post scarcity economy, otherwise it will be disastrous. It can’t just be in the path to a post scarcity economy. People have really high standards on what dignified living means.
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