To be honest I'm starting to think we can implement better social welfare programs than UBI, I suggest two different programs for the unemployed and the workers in low tax brackets respectively. The workers program will pay only as much to cover basic benefits. The unemployed program will pay much more money but say half as much as an average job's salary. These amounts are then adjusted for each region or state depending on their standard of living.
I'm not sure about this approach. Wouldn't it disincentivise work?
I admit I had to think this over again for some time, especially the unemployment program of giving away money versus giving them free benefits. Free benefits do not disincentivise work. As for the worker program I now think a better idea is for governments to pay for their insurances instead of them doing it themselves, because a good amount of UBI money given to them will be spent on insurance anyway so why not cover the insurance themselves. It could be planned as the government buying insurance with some funding, maybe SS funding, from the largest insurance companies. It's not like they can go bankrupt and cause the plan to collapse because they keep getting bailouts.
Tax cuts are indeed a good way of erasing unemployment:
How did Donald Trump achieve record low unemployment and record high job creation BTW?
Was it through tax hikes and massive spending programs like UBI. Or simple and affordable tax cuts.
But now we have the problem of how to cover their insurances now that they are working.
About the topic of AI robots wiping out jobs, it's mostly felt by states and municipalities that invest on the infrastructure to sustain all that AI. Some places still have plenty of old-fashioned jobs and look like they're going to stay like that in the foreseeable future. Iowa comes to mind but let's not forget there are other first world countries with their own districts we need to account for
Government regulations have completely monopolized industry. It has made it next to impossible for regular people to launch startups anymore. We are completely dependent on external seed capital, and having connections who can grease the wheels regarding permitting, licensing, etc. This monopoly dynamic hands entire markets to a small number of large companies, who generally treat their workers like shit and gradually jack up prices on all consumers once the market has been cornered.
There's less money in circulation to hand to real people because more and more of it is being absorbed by corporations as revenue and cash assets. A handful of publishing conglomerates. Same goes for media, telecom, music distributors. Anyone that tries to challenge their businesses gets either acquired by one of the Big 3/4/5 or runs out of money to compete or even operate. Reminds me of when there were dozens of Bell telephone companies a few decades ago instead of the 3 or 4 there are now and in some places there is only one company to choose from!
