"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Post-Scarcity Economics And The Basic Income Guarantee
Submitted by Government Deni... on Thu, 2016-12-22 01:00
"We may one day approach something like that post-scarcity world, but it will require capital accumulation to get there. A basic income would result in a loss of productivity from a decreased work effort and withdrawal from the labor force. This could lead to the consumption of capital, or at least slow its growth; in either case, the basic income takes us further away from post-scarcity."
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