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FoniksMunkee t1_jefm1in wrote

Okay - but that won't work.

Stacy makes $100,000. She takes out a mortgage of $700,000 and has montly repayments of approx $2000.

She gets laid off but is now getting $35,000 a year as reduced salary.

She now has only $11,000 a year to pay all her bills, kids tuition, food and any other loans she has.

Now lets talk about Barry... he's in the same situation as Stacy - but he wanted to buy a house - but now his $35,000 isn't enough to qualify for a loan. He's pissed.

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Like - I think we need a UBI or something - but how does this even work?

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StarCaptain90 OP t1_jefmj4n wrote

So I agree with you that it will still be rough but its the best I can offer based around the assumption that jobs will continue to get replaced and eventually we will reach a point where UBI is necessary

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FoniksMunkee t1_jefpnba wrote

Then we are screwed because that will lead to massive civil unrest, collapse of the banking system and economy.

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StarCaptain90 OP t1_jefpz63 wrote

Well yeah that's what's going to happen in order to transition. My hope is that a system gets put in place to prevent a harsh transition. We definitely need a smoother transition

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FoniksMunkee t1_jefq5br wrote

Then we really do need to put a pause on this.

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StarCaptain90 OP t1_jefsbpp wrote

The end goal though is job replacement in order to support human freedom, speed up innovation, technology, medicine, etc.. So whatever the solution is during the pause it will still have to support this transition.

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FoniksMunkee t1_jefskhs wrote

But I think that’s at least in part the point of the suggested pause. Not that I necessarily agree with it - but it’s likely we have not got a plan that will be ready in time.

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