> UBI type system in place to pad the fall, people will bounce back and adapt when industries break down
If you mean UBI that would allow anyone to stop working and live a modest life, that just doesn't work. UBI is essentially redistribution from those who work to those who don't work. That's not just a "safety net" because you could decide to stop working forever just because it's more comfortable than working.
I would possibly exploit such a system. Take 4% from my portfolio + UBI on top. Maybe work 3 days a week if I find a job that I enjoy.
If you mean UBI that would allow anyone to stop working and live a modest life, that just doesn't work. UBI is essentially redistribution from those who work to those who don't work. That's not just a "safety net" because you could decide to stop working forever just because it's more comfortable than working.
I would possibly exploit such a system. Take 4% from my portfolio + UBI on top. Maybe work 3 days a week if I find a job that I enjoy.