Crypto, Universal income and cryogenics the redistribution of wealth

[o_e_l_e_o]

first for poverty to be eradicated, inflation must be curtailed because this is one of the thing that makes people's earning not to be enough

Never going to happen, unfortunately. As long as banks and the government can create money out of thin air to suit their own needs whenever they like, fiat currency will constantly devalue. Perhaps some wide reaching banking reforms and laws could reduce the rate of inflation, but over a long enough time frame, all fiat trends towards zero. I saw a great quote somewhere on twitter earlier this week but I can't find it now, which was along the lines of "Even it bitcoin doesn't make you rich quick, it stops you getting poor slowly".

Government also needs to create some industries where people can work and then earn money, there are so many graduates that has left school and do not have job to do

This is only going to get worse over the next few decades as population increases and automation reduces the number of jobs. Relying on the government to spend tax money to create new jobs for which there is no real need isn't really that different to the government just handing out money in the form of UBI.

[1715136982]

1715136982

[1715136982]

1715136982

[1715136982]

1715136982

[South Park]

It seems to me that those that are proposing UBI do not understand supply and demand, if you give 12k to poor people then they will be able to afford things they could not before, on the surface this seems good, but this raises the demand not the supply, and we all know what happens next right? The price of everything begins to go up and soon those 12k are not enough to meet your basic needs and more money will be needed to be given to them the next time creating a vicious circle, the truth is there is not an easy solution to the poverty issue and people do not want accept this sad fact.

You would not say there no solution to poverty eradication, there is , we can only not attain it 100 percent and eradicating poverty is not all about those distribution of money, first for poverty to be eradicated, inflation must be curtailed because this is one of the thing that makes people's earning not to be enough, this poverty we are talking about is not only tied to amount of income that comes to a person, but what the amount can buy and what makes it not enough is just inflation.

Government also needs to create some industries where people can work and then earn money, there are so many graduates that has left school and do not have job to do, if there is something to do, at least the wealth will get to them from there and they don’t have to use force to gather it.

The solutions that you are trying to suggest are not really solutions at all, governments are already hiring people for bureaucratic positions that are not really needed and that could be easily replaced by computer software, as such the size of the government is growing and the only way they have to pay for this is to keep printing money, the solutions that you are giving will only work if we had an infinite amount of wealth but we don't and this is not going to change anytime soon.

[blueteam09]

Cryptocurrency in the future will change the trend of the economy around the world, but it will not redistribute wealth. Because the rich will soon convert FIAT into Cryptocurrency before that happens. The rich will not foolishly accept their wealth as a pile of worthless antiques.

[redsun114]

This is basically just a topic about how humanity could live longer, how having more people on earth (if you live longer on average the population will automatically go out) would hurt the economy because there are not enough money to go around, and how we can solve that issue with UBI and how crypto works towards that solution and how we can make sure people who are at their elder years could not work and still live.

Remember, right now on average people retire at age around 60-70 at most, there are very few people who retire after 70, on really elite countries there are people working at those ages but usually in other nations people do retire earlier even as early as 50 in some nations. It means if the life goes to 100+ that means people will not work but still have to live for another 30+ years and we need to find a way for that.

[gantez]

Cryptocurrency in the future will change the trend of the economy around the world, but it will not redistribute wealth. Because the rich will soon convert FIAT into Cryptocurrency before that happens. The rich will not foolishly accept their wealth as a pile of worthless antiques.

If they convert, it will still not be as cryptocurrency in quantity because coin is more expensive than fiat. For instance, just a bitcoin is worth $10,000. That means $10,000 will be converted into just a bitcoin  But meanwhile, poor will keep buying, hodling and getting into the level of being rich.