Basic Income Is Dead. Long Live Basic Equality!

As earth’s population grows larger and automation gains traction each day, how many job categories and niches would dwindle each time before there would be none left for onlookers?  More people mean more jobs are needed to sustain a vibrant society where equality gap could be lessened instead of widening.  More automation means more people will lose jobs.  These two factors are like pouring gasoline onto the fire.

Unethically, such a society could demand people to have fewer children, but such a society needs a strong authoritarian government.  In the West, most governments are democratic, and so such demand would be outrageous.  Furthermore, such a demand is for a weak society, because the society doesn’t have a solution thus resolving into forcing a reduction of population headcount.

A wiser society would not demand a reduction of population headcount — it got a solution for what’s coming!  What solution?  As of now, there is no clear solution for the two detrimental factors I stated in the first paragraph!  By the way, what is a society?  In my opinion, a society is a group of people that stick together for the benefits of the majority.  The two detrimental factors I described earlier would chip away most benefits of the majority in our modern societies.

Few governments and groups are trying out basic income as a testing case for trying to solve the inequality gap between classes of groups of people in our modern societies.  Nonetheless, small-scale basic income test trials most likely won’t yield any good result.  Furthermore, basic income for large countries like the United States and China would be an insane proposition.  No amount of money would be enough to give out to each person in a large country.

I think basic income is kind of screwy too!  For an example, the more money the government prints to give out the more people will spend thus requiring the money printers to print even more money so the government could have enough doughs to give out to even more people.  Get the gist?  Once the government tightens the belt such as stopping giving out money, the basic income scheme would collapse immediately.  A society that is addicted to basic income could also collapse!

By the way, how inflation would work in a basic income society?  I don’t think I know the answer to this as I’ve seen nothing like it has ever applied to a large country like the United States or China.  We all know that if inflation goes north too much everything would become rather pricey because the supply of money is too large — simply put, too many dollars would chase too few demands.

As job loss number increases and automation gains worldwide prominent, the tipping point would become too real when a society becomes desperate and mad.  Nonetheless, as an advanced society could produce just about anything with little effort using automation, the tipping point once again could occur positively as people would no longer require making a living by working the field, factory, office and so forth.

The question is, in the between the transition from a working society to a leisure society, how many people would have to die and how many revolutions would have to occur before the storm could pass and peace could form?  The basic income could work as a dirty solution till the modern society could completely transform into a leisure society!  The question is, will the governments of the world dare to print an unlimited amount of money before inflation hits and destroys the hope and dream of attaining a transformation of a modern society into a leisure one?

Perhaps, basic income is too draconian and would not work.  Perhaps, providing a fair playing field for the newcomers would work?  What do I mean?  Imagine basic income is not basic income but a one-time thing for the poor and the newborns!  What do I mean again?  Well, basic income is too hard to carry out as it requires the governments of the world to continuously print an unlimited amount of money each year.  Instead of basic income, why not basic equality for the poor and the newborns?

What do I mean by basic equality for the poor and the newborns?  Well, let’s say the government would go about to calculate the right amount of money each person needs to have a fulfilling life as long such a person would not do anything too crazy to destroy the money cache quickly such as using drugs, gamble, and whatnot — then a government would give a one-time basic income to all the poor in his/her own country so to provide a fair level of playing field.  Obviously, the rich won’t need any basic income so the government can save money by not giving any to the rich through basic income channel!

Basic equality would save the prudent government a lot of money and yet his/her society would be able to function in a jobless era.  All the newborns could also receive one-time basic income in a form of a trust fund that the government would create for them.  The trust fund would go out to the parents of the newborns for a while till the newborns become adults.  Once the newborns reach adulthood, the government then could give them basic equality (one-time basic income) according to the inflation rate in their time.

Of course, the hope is that the basic equality would buy time for modern societies to transform into leisure societies across the world.  The idea of basic equality, one-time basic income, is to leave nobody behind yet buy time for the governments of the world to see their societies transform into leisure societies where automation would provide everything everyone needs.  When everybody got everything and more, money would become so irrelevant!  In such a society, money won’t buy anything!  In a leisure society, only the smart, funny, easy going, talented ones could become real assets of the world!