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Lots of talk about ubi.

Benefits:

Help the poor

Get rid of current welfare systems

Improve the labor market (workers have more leverage)

Problems:

How much should it be?

Where does the money come from?

-If it's paid from taxes that would be a huge tax burden with potential moral problems.

-If it’s paid through inflation the rate of inflation would probably be too high

I personally don’t think UBI has a good moral footing. Forcing people to pay money to others just because we think it’s a good idea.

An idea that I came across that is somewhat similar is URI. (Universal Resource Inheritance)

URI comes at the question from a different direction.

Instead of saying that we should pay each person a certain amount per year (which is just an arbitrary number) by taking it through our morally questionable tax system, URI gets similar results from a different paradigm to property rights

The earth is the inheritance of everyone. The human race shares it

Current property rights says that whoever improves the land first gets it until they sell it or gift it to someone else.

There is no more empty space that can be claimed. Where is the share for future generations

This is not how it has always been done

The Hebrew Law divides all land equally and ensuring land stays in the inheritance forever by returning the sold lands to the original owner family every 50 years.

This basically means that you are never really “selling” your land. It is just being leased for no more than 50 years. This insured that the land would remain in the control of the original tribes.

What if we had a similar system where everyone in the world shared ownership of the earth and collectively we leased it out to each other?

This is the idea of URI

All land would be taxed at 5%

This would then be equally distributed to everyone on earth.

This is equivalent to each person getting their share of the earth but then leasing it to the current owners.

Real Estate - create shares for each piece of property and do the same as equities whoever owns 50% + 1 gets to make decisions about the property

Some proponents suggest that we should do the same with equities and money, the idea here is that we are including all of the worlds wealth not just the land.

Money - inflate the money supply

Equities - create 5% more shares and sell them

I’m not convinced that this idea should apply to equities and money because I feel like land is the thing that we are sharing while money and equities are things that people create...

https://medium.com/@bytemaster/universal-resource-inheritance-505e7ca4d048

https://medium.com/@bytemaster/in-defense-of-universal-resource-inheritance-1bb760cd27c4