RE: Universal Basic Income Revisited: Maybe it's a NECESSITY, not a "Socialist Evil!"
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UBI is a great idea, but I don't think most governments will be interested in it unless they are very progressive because there is a conflict of interest in the control of the monetary system. On a global basis, it could be done if there were a one-to-one correspondence between a digital ID and a person. Payments to the ID could be easily made, and any withdrawal could be scrambled to the point where they are very difficult to trace unless multiple parties agree that there is a possibility that a crime has been committed.
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Additionally, I think that any payments made to a UBI digital ID should be algorithmically divided between all recently used addresses that have made a withdrawal. This would help to prevent abuse, but it is difficult to think about all the possible ways such a system could be abused.
A nice bonus is that a person who has a lot of assets could easily make a payment to their own UBI address set to go out at some time after their passing.
UBI is more likely to become a reality in places other than the USA, simply because our population here has such a profound mistrust of government and "organizations." We simply don't trust anyone with the responsibility of managing something that benefits us.
Unfortunately, there's a lot of self-contradiction. We want the benefits that go with having a public identity, while we want provacy and anonymity at the same time. Sorry, you can't have both!
Interestingly enough, UBI could potentially be an actual functioning, real-world application for blockchain technology, as way to limit system fraud.
It's also possible that the system would have to be gradually implemented, initially focusing on people directly made redundant by technology, and with income below a certain threshold... a bit like the so-called Covid "stimulus payments."
As I think about it , it probably it makes sense to have any UBI type blockchain not be a storehouse of value but erase monthly account balances if payments are not withdrawn. I think the details could be worked out, but the bigger question is if such a system is needed or beneficial.