What do you think?
I think in the face of AI taking over many tasks, we need to rethink about how we frame the future of society. Reframing Universal Basic Income as Automation Compensation means presenting the policy as a way to make up for jobs and income lost due to automation and AI. Instead of viewing UBI as a general welfare payment, it becomes seen as compensation paid to everyone for the value automation creates, supporting those whose work is replaced by machines and helping everyone share in productivity gains. Especially in the US, the average person doesn’t like the idea of someone getting something that they’re personally not receiving. So framing it as a compensation that everyone receives regardless of employment status I think is the only feasible way forward.
Not crypto. Just digital. So, centralized, subject to anti-fraud regulation, reversible transactions, etc.
Not loaned out. Explicitly marked as not-loanable. Which would be foolish in today’s market, because you’re losing out on a dividend. Except… the bank actually keeps most of the benefit from your deposit being loanable normally. This way, you get the benefit instead.
Basically, it allows depositors to compete against the banks. So they can’t take you for granted, because you actually have alternative.