Taxation as a Protocol Layer: Why Elon Musk’s UBI Model Fails Without Automated Transaction Math
A systems-architecture case for funding Universal Basic Income through a real-time transaction levy. Not the printing press.
When Elon Musk sat down with The Economist's Editor-in-Chief Zanny Minton Beddoes, the conversation turned to something we have all come to think about. The future of work and artificial intelligence. Musk made the now very real point that anyone watching the news is waking up to. As AI and robotics roll out, a Universal Basic Income (UBI) is will become mandatory.
When pressed on how it would be paid for, Musk’s response was more infinite money glitch than the grind. While just issuing checks is exactly what a good UBI should do, it left something to be desired.
Beddoes immediately called out the elephant in the room. Inflation.
While Silicon Valley enjoys talking about a UBI, very few are talking about the financial plumbing which would be needed behind it. Printing...
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