Yet another reason I took the very first dollar Congress was offering.
When the music stops, all hell will break loose.
AI is the wild card.
Even if we can transition to UBI and it is financially sustainable, there will be unintended consequences.
The music won’t ‘stop’, but the volume will be turned down. Current projections indicate ~78% funding after 2033.
Reality is, the richest cohort in the country is the same cohort that receives SS welfare. If SS welfare was means tested so that only people below the median income received it, they could make full payments to that neediest segment.
But a ‘pay as you go’ welfare scheme for everyone can’t work. Math.