This is why I advocate for a ‘band of wealth’, regarding the income and wealth of people. Everyone should get universal benefits that ensure survival and wellbeing, while money is for buying luxuries and lifestyle upgrades. Income and wealth obeys certain limits, to ensure no one obtains a level of money or resources beyond a certain point. It would be a bit arbitrary, but fiat money is already purely a thing based on belief. Might as well make a UBI economic system that leverages belief to make life better for every single person.
This is why I advocate for a ‘band of wealth’, regarding the income and wealth of people. Everyone should get universal benefits that ensure survival and wellbeing, while money is for buying luxuries and lifestyle upgrades. Income and wealth obeys certain limits, to ensure no one obtains a level of money or resources beyond a certain point. It would be a bit arbitrary, but fiat money is already purely a thing based on belief. Might as well make a UBI economic system that leverages belief to make life better for every single person.