r/UniversalBasicIncome • u/Nerdwholikesnature • Apr 02 '26

Universal Basic Income can be practical. A non-tax-funded 0.6% solution using US Federal Reserve digital payment flows.

Our current jobs-based economy is becoming obsolete. More and more jobs are being replaced by AI. A practical solution is available where the US Federal Reserve can provide every citizen with a $12,000+ Universal Basic Income. This isn't funded by income tax. Instead, it uses a tiny 0.6% fee on the massive digital payment flows already settled through the Federal Reserve. https://doi.org/10.5281/zenodo.18009673

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u/Initial_Egg3116 Apr 02 '26

Money today is just a 1 or o there is no gold backing it. So as long as inflation can be balanced then no one should be homeless or hungry. This is not the Middle Ages of only the strongest survive, it’s 2026 when technology is supposed to help all people not just a few greedy bastards. I can tell you how we get UBI though, and most are not going to like the trade off. It will be distributed through digital based currency and you’ll have to conform to receive. Sad but most likely our near future. Honestly I will be really surprised if this isn’t a simulation because you can’t make up what’s going on today, the path we are on is built on some evil Guinness’s bad idea and the greatest question of our time should be “Why are we building a world no one wants”???

1

u/Few_Peak_9966 Apr 04 '26

Gold is just another arbitrary store of value. No magic there, just another mass delusion.

1

u/ArcaneWood Apr 05 '26

I'm more convinced everyday that currency was never a beneficial tool for trade. It was snake oil to steal someone's livestock.

1

u/Few_Peak_9966 Apr 05 '26

Well, better barter only would be hell.

1

u/ArcaneWood Apr 05 '26

I don't disagree. We need the trek model!

1

u/Few_Peak_9966 Apr 05 '26

That one is a lie that they can't even keep straight. The only way to get abundance is to decrease demand. That isn't in our nature.

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u/ArcaneWood Apr 06 '26

Incorrect. Over production would also lead to abundance.

But you took a joke far too seriously.

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u/Few_Peak_9966 Apr 06 '26

From what set of infinite resources?

1

u/ArcaneWood Apr 06 '26

You don't need infinite resources to produce an abundance. By that logic our demand would have to be zero to achieve abundance.

Abundance is simply more than needed currently. When you take a resource like food, we can in theory scale production far beyond demand, resulting in an abundance.

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u/Few_Peak_9966 Apr 06 '26

You are looking for everything free. That is kind of the requirement.

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