spacestr

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camdoody
Member since: 2025-11-04
camdoody
camdoody 9d

AGI abundance is hyper-deflation Hyper-deflation will threaten default to all countries with large debts (all of them) They will counteract by printing money and inflating the debt away In doing so, they will debase their money until hyper-inflation, forcing a global shift to sound (scarce) money, which cannot be printed This will make (inflationary) government issued UBI impossible because they can no longer create more money from thin air. No... the handout of the future is deflation: AGI relentlessly creating all things for less each year, allowing prices to fall forever because each unit of scarce money can buy more. People must earn this scarce money, but owning even a tiny amount will cover basic needs, and the longer you save it the better your life gets. There will not be equality. There is no such thing in the universe. There will be "haves" with enormous wealth just like today, but the difference is there will be no "have-nots". The people with the least will live free in a fair system with an AGI cheat code of infinite productivity making their lives easier each day, because their money buys more. Centrally issued UBI is a system of pro-rata dilution that hurts the poor and the rich (but the rich less so), which widens the gap between the two. Universal Basic *Ownership* via scarce money, is a system of pro-rata concentration, which lifts everyone equally, and promises a better future for all.

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