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RE: Universal Basic Income and Social Restitution

in #basicincome8 years ago

There is a flaw in your logic. The UBI is tied to a contract not necessarily to an individual. If an individual can fake "Identity" and then gets found out, what will keep him from faking Identity again. It seems that you would create an arms race. The system will then be expending even more value to find cheaters. These seems to me what you would need to implement an IPD. In other words allow some cheating, but keep it below some threshold. So if the system is poor you would want to dynamically adjust your tolerance for cheating downwards and if wealthy then adjust it upwards.