Universal Basic Income and the Future of Welfare: Voluntary Solutions for Economic Stability

Time Stamps:
1. Introduction - (00:00)
2.1 Universal Basic Income (UBI) - (07:42)
2.2. Metaverse and Drugs - (13:49)
3. Solutions - (18:57)

Listen up, this is just a draft, so I'm open to your thoughts. We're diving into two game-changing, voluntary alternatives to dodge the welfare collapse.

1. Universal Basic Income (UBI): Imagine a system cleaner than what we have now. UBI can wipe out involuntary poverty in poorer countries through a "Pareto Optimal" plan without boosting public spending. Here’s the kicker: the per capita poverty line is actually lower than the potential allowance. This allowance comes from dividing the potential beneficiary population by current welfare spending, factoring in improper incomes and secondary benefits like cutting out perverse and opportunistic incentives.

2. Simulations (Metaverse) and/or Drugs: Picture this: keeping citizens content in virtual simulations or under the influence of drugs. It's a legit alternative for social peace, creating an economy of abundance. The bottom line is, not going for these voluntary alternatives means choosing violence. Ignoring institutions that foster cooperative behaviors just keeps the cycle of corruption and underdevelopment spinning.

Here's the video script with all the references:

https://marceloely.com/universal-basic-income-and-the-future-of-welfare-voluntary-solutions-for-economic-stability/