avgintel.bsky.social
100 IQ Takes
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The path to UBI is through more capitalism: open.substack.com/pub/avgintel...
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the knowledge workers will be squeezed by increasingly capable AIs - they'll either have to move into more skilled roles or become manual laborers
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Read more on this topic: open.substack.com/pub/avgintel...
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The formation of inter-generational wealth, typically done in Dynasty Trust structure, may be the most credible path towards our society having UBI
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This means the nest egg can be passed on through many generations.
While it used to be only wealthy families could leave an investment portfolio to their children, in the following generations many everyday people will have the opportunity to do so.
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Many workers used to only retire through pension plans - where workers had little say in what their money was invested in, and had limited access to their wealth to pass it on after they passed.
By investing in Individually owned accounts, that wealth becomes a family asset.