Is the sane solution then not some sort of encouragement of greater stock market participation? Where when the "factory owner" wins, everybody wins, because everyone has shares in the factory?
Then the incentives are aligned - the more productive, technologically advanced the economy is, the greater your stock returns and the better off you are.
Is that not more or less the case for many people that have lived in the developed world for generations? You do not need to save a lot every month in order for it to compound into a meaningful stock ownership after 200 years. Median household net worth in the UK is £300'000, and that includes many many recent arrivals. For comparison, with a net worth of £500'000, you could draw ~£15'000/year in perpetuity if you wanted - is that not a much better alternative to UBI?
Then the incentives are aligned - the more productive, technologically advanced the economy is, the greater your stock returns and the better off you are.
Is that not more or less the case for many people that have lived in the developed world for generations? You do not need to save a lot every month in order for it to compound into a meaningful stock ownership after 200 years. Median household net worth in the UK is £300'000, and that includes many many recent arrivals. For comparison, with a net worth of £500'000, you could draw ~£15'000/year in perpetuity if you wanted - is that not a much better alternative to UBI?