[!@#$%!]

Originally Posted by demonrail666

This will be a lot of people's sole income. If they want to play the stock market with it that's up to them I suppose but I'd rather those of who want to steer clear have that option too.

“playing” the stock market for civilians is just that... “playing”. a recipe for disaster. nobody beats the market in the long run. hence the genius of john bogle. actually he got the idea from a professor? but yeah he was the entrepreneur who turned that vapor into a reality: the index fund.

...

UBC: think about it as a trust fund.

see, the reason for the dreaded inequality is not one of “income” per se. it’s wealth.

when you’re born poor and come from nothing and maybe have the wrong hairdo one small fuckup can spiral into a lot of trouble. unpaid traffic tickets literally can land you in jail—im not joking. the u.s. still has debtors prisons in some jurisdictions. good luck finding a job as an ex-convict.

but when you have a wealth cushion you can fuck up and suffer misfortune and still come up smelling like roses.

and yes not everyone is great at managing their capital. people often squander their lives. maybe the bounty should be contingent on passing an economics course. i don’t know...

i just think that the future might very well be unemployed. and if income is tied to employment... good luck beating the robots

then again we might be to work at things we haven’t dreamed of yet.

but the way for the people to “own the means of production” is to ACTUALLY own them instead of trying to loot them. be a shareholder. PAY ME MY DIVIDENDS, COCA-COLA.