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by alexasmyths 3101 days ago
This micro-UBI thing is a bad experiment with good intentions.

UBI only works if it's fairly 'U'.

If you give UBI to 'one village' - that village will have tremendous leverage over the surrounding villages. Any rational application of commercial knowledge will - knowingly or unwittingly - drive competitors out of business, and that 'UBI village' could theoretically come to control a lot.

It only took a very small marginal advantage in transport costs for Oil companies to put others out of business and to create massive monopolies.

If you run a little 'sim village' experiment on that, you might find the UBI village owning all the regional real-estate over time and just extracting rent.

Another way of saying: a consistent, stable fixed income, even a not very big one, can be a powerful asset.

2 comments

If you can convince an entire community to rearrange their finances, in certain jurisdictions you might get some interesting results even without UBI.

For example if you were to pay taxes in gold: https://www.forbes.com/sites/briandomitrovic/2014/09/08/tran...

"If you can convince an entire community to rearrange their finances"

If we all behaved conscientiously and responsibly, almost all of the world's problems would disappear.

You're making claims like you have empirical evidence, but I'm not aware of such an experiment.