It appears I am in the minority here. But since this is a topic I will throw in my two cents.
First, the reference to forced sharing by Hatonn, in context, I cannot understand how anyone would read that and think "socialism". It is obvious that they were "forced" to share by their circumstances if they wanted to survive. This is common among the working poor in the USA. As a percentage of income the lowest income earners actually spend the most on charity.
Second, any system which uses force in a top down manner is evil to varying degrees. This is true whether or not the purpose is for the good of everyone. If the individual is not respected in their free will there is no point where that lack of respect can be overcome.
The basic idea of UBI is good but implementing it in a way which is possible and respects the free will of the individual is paramount.
Government is the number 1 killer of humans in history, I for one do not want them to have any more authority than absolutely necessary. In fact, I believe government in general has been one of the largest impediments to polarizing STO in human history.
The US has been instantiating money like crazy, that is what quantitative easing is. This is done by selling treasury bonds. Most of these are historically bought by the Fed and foreign governments. These have historically been sought after because they offered a small but guaranteed yield to the holder. However the bonds have for the last decade or so been wavering around negative yields. This is why only 1/3rd of the recent treasury bonds were purchased when released. The buying of the bonds is what allows the dollar to limit its inflation.
When money is printed to try to solve problems you get what happened in the fall of the soviet union, or currently in Venezuala, where hyperinflation devalues the currency so much it is useless. Supply and demand are also at play in monetary systems and as long as anything is used as a means of exchanging value, it will be affected by supply and demand. Printing money increases the supply, and decreases the price point, which for currency is the purchasing power. The management of the fiat currency by the Fed over the last 80 years is the reason why there has been a substantial reduction in the purchasing power of the US dollar in proportion to the average household income.
This is the reason why Cryptocurrencies like bitcoin have a limited amount of coins. You can never create another bitcoin. The relative value of the coin will change based on how much value it is perceived to have for an exchange of goods.
Cryptocurrency only has the value we give it globally. Technically so does the US dollar and most other nations dollars. Almost no one has a commodity tied to their currency supply anymore. The main issue with your example is that if the issued currency is created each year. You would be creating a built in inflation mechanism, decreasing the value of the currency over time.
There also seems to be a fundamental misunderstanding of what capitalism is. The US does not currently have a free market capitalism economy. It has a partial free market capitalism economy. Capitalism is an economic system, not a governmental system. It is also at its root simply the description of what occurs in a system with low or no barriers to entry, and perfect competition, which means many buyers and many sellers. The fundamentals of economics cannot be bypassed by governmental policy which is why socialism and communism are failed economic systems. Both rely on the government to control the means of production or to predict the markets, which is impossible.
That is why these systems result in worse economic conditions for the people and unequal results. There is a larger gap between the wealthy and poor in these systems and the number of wealthy is much smaller. Within a free market system it elevates everyone. There are more wealthy, more middle class, and much lower poor. Free will being the first distortion of the Law of One, it makes sense that the system which affords the greatest freedom to everyone produces the best results.
Of course that doesn't mean that free market capitalism using currency is the best system imaginable. I am sure there is a better way. That way I believe will only be found by increasing free choice and maximizing the ability of each individual to choose for themselves while not harming others. What people tend to think is that economics is a zero sum game, it is not. The better people do the better everyone can do, as more opportunity is available.
This is why I believe cryptocurrency will lead to the next economic system, it is the only currency which is uncontrollable. There is no government which can stop anyone from using it anywhere in the world without shutting off the internet. As soon as a decentralized internet is created which prevents ISPs from being able to control access we will see the true birth of the 4th density STO society.
First, the reference to forced sharing by Hatonn, in context, I cannot understand how anyone would read that and think "socialism". It is obvious that they were "forced" to share by their circumstances if they wanted to survive. This is common among the working poor in the USA. As a percentage of income the lowest income earners actually spend the most on charity.
Second, any system which uses force in a top down manner is evil to varying degrees. This is true whether or not the purpose is for the good of everyone. If the individual is not respected in their free will there is no point where that lack of respect can be overcome.
The basic idea of UBI is good but implementing it in a way which is possible and respects the free will of the individual is paramount.
Government is the number 1 killer of humans in history, I for one do not want them to have any more authority than absolutely necessary. In fact, I believe government in general has been one of the largest impediments to polarizing STO in human history.
Patrick Wrote:That is why I believe a UBI would be easy to implement. It does not need to be financed with taxes. That money would just be instantiated.
Also, ultimately I believe we will do away with money simply because it is nearly impossible to eradicate poverty or social strata while humanity is still using this obsolete tool.
The US has been instantiating money like crazy, that is what quantitative easing is. This is done by selling treasury bonds. Most of these are historically bought by the Fed and foreign governments. These have historically been sought after because they offered a small but guaranteed yield to the holder. However the bonds have for the last decade or so been wavering around negative yields. This is why only 1/3rd of the recent treasury bonds were purchased when released. The buying of the bonds is what allows the dollar to limit its inflation.
When money is printed to try to solve problems you get what happened in the fall of the soviet union, or currently in Venezuala, where hyperinflation devalues the currency so much it is useless. Supply and demand are also at play in monetary systems and as long as anything is used as a means of exchanging value, it will be affected by supply and demand. Printing money increases the supply, and decreases the price point, which for currency is the purchasing power. The management of the fiat currency by the Fed over the last 80 years is the reason why there has been a substantial reduction in the purchasing power of the US dollar in proportion to the average household income.
This is the reason why Cryptocurrencies like bitcoin have a limited amount of coins. You can never create another bitcoin. The relative value of the coin will change based on how much value it is perceived to have for an exchange of goods.
Diana Wrote:Just thinking out loud. What if we had a system of credits that had no value at all besides the value we give it globally? It would be distributed to all the people on the planet. Perhaps there would be a few hours of community service for it. Every person would be issued 100,000 credits per year as the BUI. This would be the means of global exchange. The 100,000 credits would be determined to allow for a very comfortable existence for everyone, able to purchase with those credits all the basic needs with discretionary credits. There would have to be a total agreement on this system, of course.
It would also allow for those ambitious entrepreneurs to go above and beyond this basic income, by selling products etc. for some of the discretionary credits, while at the same time removing some of the control by governments and other sources trying to keep people in survival mode.
I am bypassing all the logistical challenges just to put forth a theory of how we could transition without the complete removal of capitalism.
Cryptocurrency only has the value we give it globally. Technically so does the US dollar and most other nations dollars. Almost no one has a commodity tied to their currency supply anymore. The main issue with your example is that if the issued currency is created each year. You would be creating a built in inflation mechanism, decreasing the value of the currency over time.
There also seems to be a fundamental misunderstanding of what capitalism is. The US does not currently have a free market capitalism economy. It has a partial free market capitalism economy. Capitalism is an economic system, not a governmental system. It is also at its root simply the description of what occurs in a system with low or no barriers to entry, and perfect competition, which means many buyers and many sellers. The fundamentals of economics cannot be bypassed by governmental policy which is why socialism and communism are failed economic systems. Both rely on the government to control the means of production or to predict the markets, which is impossible.
That is why these systems result in worse economic conditions for the people and unequal results. There is a larger gap between the wealthy and poor in these systems and the number of wealthy is much smaller. Within a free market system it elevates everyone. There are more wealthy, more middle class, and much lower poor. Free will being the first distortion of the Law of One, it makes sense that the system which affords the greatest freedom to everyone produces the best results.
Of course that doesn't mean that free market capitalism using currency is the best system imaginable. I am sure there is a better way. That way I believe will only be found by increasing free choice and maximizing the ability of each individual to choose for themselves while not harming others. What people tend to think is that economics is a zero sum game, it is not. The better people do the better everyone can do, as more opportunity is available.
This is why I believe cryptocurrency will lead to the next economic system, it is the only currency which is uncontrollable. There is no government which can stop anyone from using it anywhere in the world without shutting off the internet. As soon as a decentralized internet is created which prevents ISPs from being able to control access we will see the true birth of the 4th density STO society.
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