[peyton]

I think that is unrealistic.

If everyone gets free money the optimal move as an individual is to speculate on assets because everyone else will be. The financial rewards from gambling will be higher than working with much, much less effort.

I don’t think many people will find meaning in that world.

[neltnerb]

The financial reward of "gambling on assets" is already far higher than working with much, much less effort. Except that now only rich people get to do it safely.

Housing is an asset that must be "gambled" in order to live securely and control your residence. I agree that is horribly broken, but everyone deserves a chance to buy assets without my permission.

I also argue that currently poor people under less financial stress will be more able to avoid getting fleeced, and that arguably many are already better at it than plenty of people with inherited wealth.

As a concrete example, mortgage rates being higher for poor people than rich people is already abusive.

[namarie]

If people followed the "optimal move" all the time, assuming you mean it in a financial sense, there wouldn't be any teachers or social workers or librarians.

If everyone gets the relief of knowing they are free to pursue what they like without risk of starving, I imagine it'd be way easier to find meaning in the world than it is now.