We aren’t heading towards that. We’re already in a forced scarcity society, and have been for at least 25, if not 30 years. That’s why all these “economic bubbles” keep happening. The ultra rich worldwide have hoarded $350,000,000,000,000 at the expense of the other 8,000,000,000 people. Maybe 5000 people have more than $50,000,000 in personal wealth. Not only do they have nothing to spend it on, they keep throwing trillions of dollars into the latest dumpster fire of an “investment,” so they don’t have to pay $0.01 to anyone that isn’t them.
If we killed the obstructions to progress and innovation, who are nothing but leeches, then we may have to kill 5000 people, but everyone in the world would be able to have a $400,000 stake in The Sovereign Fund for Humanity’s Poor, paying out an average of $20,000 a year per person while reinvesting 95% of the ROI. When you’re dealing with 100’s of Trillions of dollars, I have no idea what ROI % you could reasonably maintain, but 13.5% would mean that everyone on earth doubles their fund, and therefore their yearly payout every 7.8 years.
It would take around 500 years to finally give the richest people in the world their trust fund, but that’s far faster than our ancestors thought that utopia and UBI could happen, and none of them could have more than $50,000,000 in personal wealth. The poorest get their funds first so that the economy can grow quickly enough to hit an economic singularity.
We aren’t heading towards that. We’re already in a forced scarcity society, and have been for at least 25, if not 30 years. That’s why all these “economic bubbles” keep happening. The ultra rich worldwide have hoarded $350,000,000,000,000 at the expense of the other 8,000,000,000 people. Maybe 5000 people have more than $50,000,000 in personal wealth. Not only do they have nothing to spend it on, they keep throwing trillions of dollars into the latest dumpster fire of an “investment,” so they don’t have to pay $0.01 to anyone that isn’t them.
If we killed the obstructions to progress and innovation, who are nothing but leeches, then we may have to kill 5000 people, but everyone in the world would be able to have a $400,000 stake in The Sovereign Fund for Humanity’s Poor, paying out an average of $20,000 a year per person while reinvesting 95% of the ROI. When you’re dealing with 100’s of Trillions of dollars, I have no idea what ROI % you could reasonably maintain, but 13.5% would mean that everyone on earth doubles their fund, and therefore their yearly payout every 7.8 years.
It would take around 500 years to finally give the richest people in the world their trust fund, but that’s far faster than our ancestors thought that utopia and UBI could happen, and none of them could have more than $50,000,000 in personal wealth. The poorest get their funds first so that the economy can grow quickly enough to hit an economic singularity.