Comments by "antonyjh1234" (@antonyjh1234) on "How to Deal with AI - Universal Basic Income" video.

  1. On the other side of the world and same problems, I am glad I have something to blame now other than the system of debt we were born into.
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  2. Ha, I made a long comment and ai removed it...This device I am typing on is the result of that previous bubble
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  3. As all money is debt based, pensioners are a debt instrument to input money into the economy and how other people get pay rises.
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  4. As all money is debt based all loans must return to zero, if you get more money you will have to be taxed more so that it equals the tax on the profits otherwise money builds up in society and asset prices increase even more. People not fundamentally understanding all money is debt based, therefore must return to zero, is where we have a problem in society. People think money builds up in society, it doesn't unless debt does and if all debt were paid back there would be zero money in the economy. As all money is debt based there is no get more money and we keep more money because we are playing a zero sum game and not looking at the overall benefit we are supposed to be creating by making things have less cost moving forward. People have to understand prices of assets are an indication of the debt that has passed through an item, the money for those assets if they are paid off, doesn't actually exist, until someone gets a new loan, inputting money into the system. We have been using bank debt as a means of excahnge, thinking we were getting rich by getting more, when all it did was make us poorer as a society.
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  5. As all money is debt based then you are asking for debt to be inputted all the time and at higher rates than now. As all money is debt based and all loans are supposed to return to zero, taxes would have to increase to keep the money amount in society the same or asset prices would increase again. A guarantee of food, medical and shelter is easy enough to accomplish, why not just give it for free if ai is doing the work.
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  6. Because 90% of us had our own land and could grow our own food, something people dream about now. It didn't set people free, it incorporated them into a system of debt where they need to hold banker debt just to be able to buy food. You are right, it has been about the organisation of society, we are now born into a system of debt, while people ask for more money. As all money is debt based and a 400% population growth of the world has meant demand can repay the money supply as we earn and pay taxes and now have to work many multiples of what people did 300 years ago, what extra freedoms are you thinking we have now, if the system of debt has meant more dabt slavery and more poverty than those times?
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