After Universal Basic Income, the Flood

A strong UBI would corrupt the division of labor. Making participation in gainful employment functionally optional threatens to unravel the entire system of collective production that sustains society as we know it.

The means of funding UBI determine so much of its long-term impact. Each funding method carries a different set of properties, a unique host of alchemical interactions with socioeconomic incentives. Some promise to ’twist’ capitalist logic and pave a road to communism. Others may pit the minority class whose tax increases exceed their UBI against n... See more

Faced with these facts, we should question UBI’s rationality; as Luke Martinelli put it: “an affordable UBI is inadequate, and an adequate UBI is unaffordable.”