Panickssery argues UBI can't equalize wealth: time preference keeps future consumption uneven
panickssery · x · 2026-09-03
In an AGI-economy debate, Nina Panickssery argues that "real wealth" equals the present value of future consumption for you and your heirs, and it can't be equalized by constant redistribution of financial capital alone. Even a very large UBI, she says, will leave families with different cash flows over time due to factors like time preference. The thread tackles whether all intra-human wealth should be redistributed once humans no longer contribute to economic production.
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