A Universal Basic Income doesn’t have to be funded through hand-to-mouth tax redistribution. It could be funded by Capital. Paid as a dividend to the owners of that Capital. The challenge is obviously time. Capital needs to be built. There are always competing priorities, and putting money to work rather than spending it on pressing needs can mess with the head. Building Capital isn’t a “rainy day fund”. Building Capital isn’t storing or hoarding. It is shifting from a consumption to a custodial mindset. Shifting from cutting down the trees to living off the fruit. Capital building starts as buffer building. Expenses are noisy, and do make loud demands. Sometimes cutting down the trees is the right thing to do. Eventually, with spending constraint, you can get the buffer to be big enough to handle unexpected needs. At that point, Capital can get a proper job with a long-term perspective. A baby step to a Capital funded UBI may be a Universal Basic Buffer. Aim for Capital that would only last for 6 months if constantly drawn on. Then 1 year. Then 5 years. Then, one day, a secure permanent financial base to everyone. A societal foundation for creativity.
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