[koonsolo]

> Human nature is people wanting to reap rewards for their work (that includes having private property). UBI doesn't take away that.

How are you going to pay for UBI? With taxes. If you already receive a tax free UBI, this means the percentage of taxes on your extra income will drastically increase (with factors, not percentages). This means that when you work for someone else (sell your time/products), only a tiny percentage will go into your pocket.

If daycare of your child costs $500, and your full-time job gets you $500, how many people in this situation will drop their job and become a stay at home parents?

[splawn]

Good point! More stay at home parents is another benefit of BI that I haven't even thought of yet. I get more sold on this idea the more I read about it.

[koonsolo]

Who is going to pick up the trash, bake bread, repair your car, build your house, build streets, build cars on an assembly line? Less and less people. And less people producing, means less people consuming. Your BI won't be able to support you for very long because prices will increase (less supply). It won't take long before your economy is screwed.

[splawn]

I thought BI was mainly a response to the question "What will we do when most menial jobs are automated with better AI?". Tech that could pick up trash, bake bread, repair your car (If owning a car even makes since at that point in the future).. etc. Honestly its all speculation right now. I think its cool that they are doing this experiment right now, but they may be jumping the gun. However, I also think its jumping the gun to assume it will never work.

[koonsolo]

Yes indeed you are correct, I forgot about that. But in such a case I think it's still a good idea to own plenty of those robots or be able to do something that a robot can't :).