BEGIN:VCALENDAR VERSION:2.0 PRODID:-//InvisionCommunity Events 5.0.18//EN METHOD:PUBLISH CALSCALE:GREGORIAN REFRESH-INTERVAL:PT15M X-PUBLISHED-TTL:PT15M X-WR-CALNAME:RMCommunityCalendar NAME:RMCommunityCalendar BEGIN:VTIMEZONE TZID:Europe/London TZURL:https://tzurl.org/zoneinfo/Europe/London X-LIC-LOCATION:Europe/London BEGIN:DAYLIGHT TZOFFSETFROM:+0000 TZOFFSETTO:+0100 TZNAME:BST DTSTART:20260329T020000Z RRULE:FREQ=YEARLY;BYMONTH=3;BYDAY=-1SU END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:+0100 TZOFFSETTO:+0000 TZNAME:GMT DTSTART:20261025T020000Z RRULE:FREQ=YEARLY;BYMONTH=10;BYDAY=-1SU END:STANDARD END:VTIMEZONE BEGIN:VEVENT SUMMARY:Economic Corner 42 07/26/2026 DTSTAMP:20260727T011948Z SEQUENCE:0 UID:787-7-c3fe8195a3dde498d013e477e2142422@aalbc.com ORGANIZER;CN="richardmurray":noreply@aalbc.com DESCRIPTION:Pioneer1 [ https://aalbc.com/tc/profile/5568-pioneer1/] aske d me to look at a video at a specific time index\, to go into his position that universal basic income is a trap.his posthttps://aalbc.com/tc/topic/ 12838-universal-income-trap/MY PRIMARY THOUGHTScontentI wonder if Pioneer1 heard when the interviewee said he doesn't believe in class?That reminds me of Troy not believing in race. Class/race/rank/clan/grouping/peoples/sp ecies/gender/community are all the same\, words meaning sets of things bas ed on some factor.If he doesn't believe in class\, then he doesn't believe in rich and poor? what?then he says \"They\" and I didn't listen to the w hole thing\, but I assume he didn't clarify who they are \,but he says \"t hey\" want to make a permanent underclass.Well\, What does that mean? Is n ot the fiscal poor a permanent class in fiscal capitalism? can fiscal capi talism exists without the fiscal poor?Is he suggesting fiscal capitalism d oesn't require the poor in modernity? I argue if you take all of humanity\ , that argument has no basis what's so ever in fianncial reality in humani ty\, on the whole planet earth\, in the past five centirues.Is he suggesti ng that \"they\" \, whomever they are\, want to eliminate the commonly nam ed but falsely labeled\, Upward Mobility?Again\, simple fiscal history pro ves people moving from lower to higher financial evaluations\, whether tha t is up or not\, has never been a majority movement among the fiscal poor. Then I finally get some clarification on the \"they\" he calls them the sh adow people. They are not shadow people\, they are the one percent\, they have always existed . We used to call them kings and queens in various lan guages. The USA with its individualism aside criminal suggestion to public proclamations of blood right from those who have the most potent levels o f wealth or governmental influence has led to this definition of the power ful as some shadow peoples. The heads of the pack will always exists among humans\, whether they are publicly advertised or not.Then he suggests \"t hey\" meaning the fiscal wealthiest want to delete the commonly while fals ely called \" middle class\" and push them into the poor class.Well first\ , I have in the economic corner always challenges the idea of the financia l middle class. I argue\, the financial middle class has never existed.The re are have's and have nots. Their are rich and poor. But even in the time s of the pharoah the rich or the poor the haves or the have nots have rang es.The pharoach isn't the only one with fiscal wealth. the head priest\, t he lead scribe\, the military head are all have's. They are not the pharoa h but they are have's. In the same way \,The penniless beggar's floating f rom town to town are not the only fiscal poor. The farmer's living season to season. The minors\, the sculptors\, the shopkeepers\, are all poor. No they are not as poor as the penniless beggar but they are poor.Debt in th e usa circa 2025 was at seventeen trillion and five hundred billion dollar s. The USA has a military\, nuclear powered military\, which protects the usa from debt collection \,it is that simple. This is why nuclear power co untries : usa/russia/china/india/pakistan/france/england/israel all work t o lessen other countries from joining the club. the club has financial ben efits.If someone ows one hundred thousand dollars they are poor. I don't c are that they have a two bed room house and and a car and whatever else. H Ave's don't have debt they can't handle. This is why Musk can get loans fr om the bank when fiscal poor people can not\, his wealth\, no matter how a rithmetic it is\, it isn't in solid value\, means he can cover his debts.h ttps://www.consumeraffairs.com/finance/average-american-debt-statisitics.h tmlHe makes the sars cov 2 financial situation more complicated than it wa s. I have said this a trillion times over\, many fiscal firms in the usa a re not positive. If you look at the cost of operation and the revenue\, th ey require a constancy of funds and don't have any way to handle a time ab sent financial income. A better example is sports teams. Small business ar e obvious but few think about how most sports teams in the usa were able t o get millions or in come cases billions of dollars to cover their debt or financial failure with the suspension of fiscal activities. But what they means is those businesses were poorly run. Again\, Goldman sachs is deeme d some sort of arithmetic genuis place for financial manipulations or calc ulations but they went bankrupt by using evaluations from various private banks that they didn't fully comprehend or control and when said banks act ivities put said bansk in the red they dragged the goldman's of the world down with them. But\, while small businesses are told they have to be bett er\, goldman and company were given welfare checks becaus egoldman and com pany have the accounts of the wealthy who also went bankrupt with them. So \, the key is financial mismanagement led by a country\, the usa\, who is safe from debt collection through its military power.he says the fiscal we althy have ways of avoiding being taxed\, well the way has a clear name\, poorly constructed financial law. Now some will say\, the law will be done that way cause of the way the law is\, but that is more unnecessary vague ness. Lobby's entire fucntion is to pay elected officials to make laws fav aorable to their clients needs. And whenanyone says\, lets end lobbies\, a ll of a sudden\, you have unity among the left /right/male/female/white/bl ack/immigrant/native american /et cetera because the business of lobbies i s the real backbone of the financial design of the usa. It isn't hard\, it isn't shadow people. The usa military has lobbies. the nypd has lobbies t he hospitals have lobbies. all groups with money have lobbies. and those l obbie smake sure the fiscal laws have loopholes.So the issue is lobbies\, not \"ways\"As I have said in other economic corners\, this is inevitable. He words it as an assault\, it isn't an assault. The labor pool can not m aintain the populace in the usa or the larger humanity.Are human beings ne eded to build computer chips/cars/planes/turn iron into steel. Automation requires human design \, or the computers that design automation were them selves designed by humans straightly or through the lineage of computers t hat designed them.But\, the building is becoming less and less human. So w hat jobs are needeD? nurse? can everybody be a nurse? law enforcer? can ev erybody be a law enforcer? It isnt' an attack\, it is an inevitability bas ed on the technological possibility in modernity.The real problem as I hav e said many times over isn't the deletion of human laborers\, it is the a deletion of the myth of the earned laborer lifestyle.The whole merit labor philosophy no longer serves an honest function. You can't ask people to b e civil\, absent criminal activity\, while telling them they must be fisca lly poor. The speaker in the video an dothers who go against the universal basic income have no solution for the lack of labor opportunity\, except for\, something will come up\, which means nothing.The jobs are gone. The usa's best time for the job market was during enslavement when non blacks forced blacks to labors\, absent any pay or amenities or descency comparab le to the value of the labors. the quantity of workers has only decreased since those times in the usa\, remembering famring is labor.So absent univ ersal basic income\, with the real estate and stock market and banking ind ustries and health industry and scholastic industry designed as they are\, in an ever increasing financial value to acquire\, how can people pay for healthcare/schools/rent/food absent a grander welfare program?Then he adm its jobs are dying as computers and mechincal bodies are the majority work force. but he makes it seem like some negative scheme..He is wrong in one thing\, the usa federal government has been considering this since the 196 0s when it was already clear the job market long term wouldn't be able to provide the opportunity for the populace to sustain the market needs of fi rms: hospital/schools/residentials/et ceterahttps://en.wikipedia.org/wiki/ Universal_basic_income#Pilot_programs_and_experimentshttps://en.wikipedia. org/wiki/Universal_basic_income_pilotshttps://www.wbur.org/onpoint/2024/08 /19/universal-guaranteed-income-experiment-economyIn defense\, not all the people or most of the people supporting universal basic income are sugges ting it comes with fealty . I can't recall one of the pilot programs happe ning with fealty \, so he is trying to act prescient.MY THOUGHTS TO HIM ST RAIGHTcontent@Pioneer1 you say Universal basic income is a trap aligning t o his stated position that universal basic income will force people to adh ere to whatever government mandates or policies to retain the money needed for them to survive in the usa\, in which their rent\, food\, clothing\, ehalthcare\, schools\, holiday costs are more than most can afford.Now whi le I contest his attempt at prescience\, assuming universal basic income w ill come with fealty of a petty nature\, let us assume it will happen. Ok. Then the fears you or he have are warranted with the assumption. But\, le t us look at the environment\, the financial environment in the usa?Now he admitted in the very same video that the labor market for humans in the u sa is dwindling. He admitted it. Now\, it is also commonly comprehended th at ninety percent of wealth in the usa is inherited\, meaning\, acquired b y geniture\, or bloodline descendency. It si also commonly known that nine ty percent of the wealth is in the hands f a one percent ... sometimes one percent of a one percent.Sooverwhelming majority of wealth being inherite d +most wealth in an extremely small percentage of the populace\,+a dying human labor fiscal need =the fiscal sitaution in the usa todaysaid fiscal situation in the usa today +univeral basic income = maintenance of the cur rent system of debt\, wealth\, inheritance\, market manipulation or struct ures. or cost in various industries.Absent this elevated welfare\, what do you propose for people to do to pay for rent/food.healthcare? I didn't li sten to the whole video but he didn't offer solutions.Are you suggesting f iscal poor people kill themselves? yeah ok\, I know a number of blacks thr oughout the years\, all ages\, have said that. Most in humanity will never do it. Do you know why I know? nothing black people went through in the u sa was harder than legal enslavement on the mind + body+ spirit and yet th ey as humans foun ways to survive\, not thrive\, but survive such that the y didn't kill themselves. Even if that meant being a shell or empty vessel just breathing till you die. But they didn't kill themselves.Most humans will not kill themselves today and especially with the option of Universal basic income.The problem with every single person opposed to universal ba sic income is the absence of an alternative from them.you say it is a trap but I still think it is an inevitability based on the environment.I live in NYC\, the rent is too high\, the food is too hgih\, the healthcare is t oo high. Now you can sya\, people should move. But\, move where? Is los an geles cheap? is louisiana safe? Remember\, right now\, the carpet industry \, based in georgia\, has multiple lawsuits from white people \, fiscal po or white people\, from south carolina to alabama\, over their air and wate r being cancer causing for decades\, at least fifty years easy.Moving isn' t going to help most people in the usa.Then the learn skills argument . Bu t here is the problem with the skills argument. the history of labor in th e usa proves labor was never given for skills\, that is another myth in th e usa.Black people were used as enslaved labor not because of merit or the ir skills but cheapness\, affordability. The second legal ensalvement ende d\, circa 1865\, white people went about entrapping black people in bad co ntracts which whether legal or illegal were expensive to contest in a cour t of law and since 99% of black person born before 1965 in the usa had no money \, no financial inheritance\, they had no money to afford the legal fees necessary to challenge all the legal traps whtite people terrorized b lack people into from 1865 to 1980.When the immigration act came in the mi d nineteen hundred and sixties\, the whites used uneducated immigrants\, n ot because of skills but because of cheapness of labor.The use of robots/c omputer programs/machines of various levels began taking over human labore rs in the usa before said electronics were a skillwise replacement for hum an labor.So what is the answer?At the end of the day\, all movements anywh ere in humanity to be stopped need an alaternative and in absence of the a lterantive\, the movement will kee moving to its inevitability.POST URL ht tps://aalbc.com/tc/topic/12838-universal-income-trap/#findComment-82737PRI OR EDITIONhttps://aalbc.com/tc/events/event/760-economic-corner-41-0621202 6/NEXT EDITIONCOMMENTARY DTSTART;VALUE=DATE:20260727 RRULE:FREQ=YEARLY;INTERVAL=1 END:VEVENT END:VCALENDAR