“Qu’ils mangent de la brioche.”
~ Marie-Antoinette
Written by Bryan Lutz, Editor at Dollarcollapse.com:
Universal Basic Income is all the rage among the Uber-elite, even Musk.
Yet, no one asks, “At what cost?”
Not even the lawmakers ask the question. For them, it is simply a matter of conducting studies to discover benefits…
Then they make a few inferences on the results to show how it might scale up for others.
Bloomberg writes:
Sam Altman-Backed Group Completes Largest US Study on Basic Income
“Rhodes says people ask her all the time whether cash “works.”
“That question is the same as saying like, does food work? Of course, cash works,” she said. “But those aren’t the key questions that we need to be asking. It’s: When and where does it work? And what else can best support people?”
Yes, results come from questions asked, which lead to more questions so they can better understand the original question.
So there is a natural inclination to follow results without making ever questioning anyone’s assumptions.
For example, basic income studies assume the current monetary system.
The Federal Reserve manages and prints fiat money.
Money backed by nothing except trust.
The elites have no problem with this…
That’s because every time the Federal Reserve prints more money, the assets of the elite increase in value.
It’s called the Cantillon Effect.
Those that own assets like stocks, bonds, real estate, and land benefit the most because what they own makes them richer.’
They love it.
You can see why…
 |
It also reinforces the hierarchy…
There’s the Top 1% and then there’s the rest of us.
They keep their status and position while the average American finds it harder to compete.
No elite really wants the peasants upset…
So Universal Basic Income massages the gap between rich and poor.
The rich get richer, and the poor are just thankful for a bit of relief – for the “helping hand.”
As Altman’s study says, the poor choose to work a few hours less a week, and spend the money to improve their basic needs.
Yet, they are far from the American Dream.
Under a sound money monetary system backed gold the American Dream is possibly much easier.
And those that own assets (including the local aristocracy) have a much more difficult time scaling their wealth.
Since money is not as easily attainable, it requires the ability to save and run consistently profitable businesses, or a life time of saving for the next generation.
You see, the more money stays consistent in its value, the harder it is to obtain money…
And that allows the social hierarchy to remain competitive.
It allows more people to raise their social status overall.
But, basic Income is quickly becoming the new tool of elites to maintain their status(and yours) in the world.
Because apparently, if I can go further on this one…
AI will make the world’s first trillionaires “inevitable.”
And that’s supposed to be something we all agree with.
