/biz/ - Business & Finance

/biz/ what will happen to crypto when the UBI check finally arrives and the pnds ensue.Will money just be a meme?

Ok guys I'm kind of thinking that if UBI gets distributed in an amount that makes it so no one ever has to worry about money that nation will fall.

I keep hearing arguments that with the expansion of automation and tech that there will be so few jobs that people will need UBI to survive. I get this point but the question is why the fuck would anyone go into those professions?

If I had the option to get let's say 40k a year and do nothing or 150k and work my ass off why would I or anyone choose the ladder? My assumption is that less and less people would go into those professions or keep working and the system would collapse and we'll be back at square one. If it doesn't then we essentially have a well paid slave class that provides for us.

Idk I get the concept and it sounds nice but it just won't work. It just feels like communism lite.