A simple proxy experiment I’ve seen are private torrent trackers.
The ones that have a monthly/weekly/daily free download allowance don’t suddenly deflate the value of “uploaded bytes” across the whole network.
The allowance is enough for someone to bootstrap themselves onto the network by getting some torrents to seed.
UBI should largely be the same? It’s not to replace the incentive of high income, it’s enough to get the basics to live. Trading your time/effort/capital for more income is still incentivised the same way it is now. All the other market effects are still in play.
I don’t understand how Hotz thinks this will suddenly lead to UBI dollars being worthless.
Comments
A simple proxy experiment I’ve seen are private torrent trackers.
The ones that have a monthly/weekly/daily free download allowance don’t suddenly deflate the value of “uploaded bytes” across the whole network.
The allowance is enough for someone to bootstrap themselves onto the network by getting some torrents to seed.
UBI should largely be the same? It’s not to replace the incentive of high income, it’s enough to get the basics to live. Trading your time/effort/capital for more income is still incentivised the same way it is now. All the other market effects are still in play.
I don’t understand how Hotz thinks this will suddenly lead to UBI dollars being worthless.
Because he states that he doesn't understand economics. There is no point in debating or really interacting with him.