[ExI] Universal basic income

[William Flynn Wallace]

re Spike's point about giving away food:

Thousands of tons of food, such as peaches, are dumped on the ground to rot
because they don't meet the association's standards for retail sale.  The
people you would give them to would not buy fresh peaches anyway, so it
can't hurt the market.

And why not give some of the corn and wheat to our homeless instead of
sending it overseas?  Recall that I am weak in economics.  I know we have
to give some away just for our public image.

bill w

On Tue, Jan 17, 2017 at 3:32 PM, John Clark <johnkclark at gmail.com> wrote:

> On Tue, Jan 17, 2017 at 12:34 PM, BillK <pharos at gmail.com> wrote:
>
> ​> ​
>> I can see that universal unemployment probably means that UBI will
>> become necessary. But I can't see where the money to do this comes
>> from.
>>
>
> ​The lack of sufficient wealth in existence is the very reason ​
> Universal
> ​Basic Income didn't come into being a long time ago. If it's still
> indefeasible in the near future there can only be 2 reasons for that:
>
> ​1) The machines a​re still incapable of generating enough wealth by
> themselves, in which case there are still plenty of jobs for humans and the
> need for a UBI is less urgent.
>
> ​2) The machines can generate enough wealth by themselves but they choose
> not to give us any of it.
>
> ​I thought reason #1 would hold for a long time but it now looks like its
> life expectancy will be much ​shorter than I thought. As for reason #2,
> there is little we can do about it except hope for the best so no point in
> worrying about it.
>
>  John K Clark
>
>
>
>>
>
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