“Universal Basic Capital” is a much-needed solution to the continued advancement of artificial intelligence technology’s consistent advancement. Universal basic income (UBI) was a popular topic years ago, especially as AI gained a foothold in the economy, beginning to replace human workers; however, the newer UBC concept is now gaining traction.
According to a report by The Atlantic, the idea has been endorsed by figures as ideologically diverse as Bernie Sanders, Gavin Newsom, Steve Bannon, Sam Altman, and even Donald Trump. In both cases, UBI and UBC are policies that would give every single human a baseline salary, whether they contribute to society or not.
If the wealth generated by artificial intelligence will accrue only to the owners of AI companies, then the way to avoid catastrophic levels of inequality is to give everyone an ownership stake in those companies. The Atlantic goes on to say that if this is done the right way, it’ll hedge against a future dystopia created by AI.
However, it’ll create a new dystopia, full of humans enlaved by the UBI they will rely on to remain alive.
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With UBI will likely come central bank digital currencies in order to distribute it, while those in charge can track and trace where every fraction of every dollar is going.
UBI is a candy-coated trap that breeds dependency in a population. Free money is an addictive drug, and America just had a big taste during the pandemic.
This leads us into the second WEF Great Reset program, which is the concept of the “shared economy.” The globalists think that you should own nothing, have no privacy, and be happy about it. The initial danger here involves rationing. A government cannot institute UBI measures during a stagflationary crisis without also instituting price controls, because otherwise the fiat stimulus used to provide the UBI checks would only create MORE inflation in prices. If UBI is meant to offset inflation but it creates more inflation, then UBI becomes useless. This is another little fact that people like Pelosi will try to gloss over when they claim that money printing helps “fight inflation.” –Brandon Smith at Alt-Market.us
While UBI differs from UBC, they will both accomplish a more meaningless life for humans.
Either way, the human population seems destined for a dystopian future.