JBitD

I've experienced the same thing at low paying jobs which anybody can do, my boss would always talk at a 90° angle to me, she wouldn't even face me and was quite condescending. When I get interviews at machine shops for entry level CNC work the managers actually treat me like they want me there, they are very proud and happy with their work and bring me around the shop like a 10 year old kid showing off their toys, and managers treat employees like people with experience and skills you don't want to offend and lose. Of course even with my education everyone wants "strong verifiable work history" so you can't just get years of specific education and get into a good job, the manufacturers are making the terrible service sector jobs engineers and machinists aren't suitable for mandatory. @Davinci There are self driving cars, there are garbage truck with an arm that lifts up the garbage, put it together and you have automated garbage collection. Watson is assimilating all medical knowledge and combined with tech like Siri to hear your symptoms, Stethee to upload a sound recording of your heart and MOCA heart which measures other blood flow information, just wait for a phone attachment which can perform every blood test a hospital can with a single drop and what do you need general practice doctors for anymore? Watson will tell you what is wrong more accurately than any doctor, and the cost will be insignificant. And if you needed to go to a hospital instead of nurses you'd see robots made by Aethon Inc, they have 25 at UCSF Medical center making deliveries now, but add a robotic surgeon and robots that can lift and wash people and hospitals will also cost barely anything to stay in. What I'm trying to say is there will come a time when nobody 'has' to do anything for all our necessities to be met, and we won't have to move together, it will be everywhere. Whether an income for everyone another way than a job can be sorted out by then (in an ethical way) we'll see.

I'm curious what other anarcho-capitalists and Austrian economists make of this. There is a platform called uCoin which will allow people to create their own "group currency". There is currently one test currency and a working client, but there are plenty of bugs as it's very beta. The concept is that everyone has a wallet which is tied to a real person or company. You need to be "certified" by at least 3 other people to have member status, which allows your node to mine coins instead of only being a mirror. Both certifications and memberships expire and have to be renewed every month. Unlike Bitcoin where the miner which completed the block gets a reward, instead everyone who has a wallet gets a monthly 'universal dividend' which is equal for all and based on the average value of currency in people's wallets. It's based on the Relative Theory of Money, which has a Wikipedia article marked for deletion because it seems to only be based on a book by a French author, it seems the whole book is also a webpage but trying to understand new abstract concepts through Google translate is not easy. Their grievance with currencies like Bitcoin is that the first to mine them get most of the money, and then when no more currency is being printed people would have to work for those with Bitcoin to get any. So this makes me wonder, the conventional arguments against inflation is that it devalues everyone else's money in the bank and who wants a loaf of bread to cost thousands of dollars in a few decades. BUT if everyone is being paid the money being printed, like a QE for everyone, then who cares if prices go up because the dividend can be indexed to inflation so it doesn't have much of an effect on your purchasing power. Although any money stored does become worth less and would have to be invested properly. And who cares how many digits something costs when we will be using secure hardware wallets in the future, it's not like we'll be pushing around wheel-barrels full of cash. (It hides the problem like our 46 million people long bread lines we call food stamps are hidden by ebt cards.) I suppose the third argument that long-term inflation is okay is that there will be a super intelligence around 2045 which will discover a system of universal ethics and come up with the best monetary system, as well as the cure for every disease so we don't even need a long term plan, how about one that just gets everyone out of poverty now and can last a few decades. Do you have an argument against a new currency people voluntarily join which prints money every month indexed to the average value of individual's wealth which is a reason that trumps it ending poverty? Even applied to the current system which is not voluntary and then that would be an argument from effect, how else is inflation bad which I haven't thought of? This Relative Theory of Money seems to be too new for anyone else to have commented on it or even fully explained it, which is why I find it hard to form any opinions on it, but it's very interesting.