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Old 11-23-2020, 10:44 AM   #6856
sterlingice
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Join Date: Apr 2002
Location: Back in Houston!
Quote:
Originally Posted by Brian Swartz View Post
UBI is inevitable eventually, but I think we're a few decades away yet from it actually happening. At least in the US.

I think it's probably a decade or two away from happening but if you told me you were from the future and said it was 2070 and it was just implemented, I wouldn't be shocked (ok, I'd be shocked about the "from the future" part but you get what I mean).

I think more than a time horizon, it's going to take another Depression with automation destroying any recovery. I don't think we're there yet and I don't think this one is going to do it. But I do still think there's a non-zero chance that we get to next year and find the economy goes back into a freefall when government and Fed stimulus is completely removed.

SI
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