About the author
Don Soards
Don Soards offers an insightful engineer’s perspective on the necessity of funding customers through Universal Basic Income (UBI) in the age of labor-saving technology. He argues that as automation and technological advancements reduce the need for human labor, it becomes essential to provide financial support to individuals. This support ensures that people have the means to purchase goods and services, thereby sustaining the economy and preventing a decline in consumer demand.
Soards emphasizes that UBI is not just a social safety net but a strategic economic measure. By distributing Progress Dollars, which rise with technological advancements, we can ensure that the benefits of automation are shared broadly. This approach prevents significant inflation and avoids raising taxes on citizens, making it a practical solution for maintaining economic stability and promoting social equity. In summary, Don Soards advocates for UBI as a crucial response to the challenges posed by labor-saving technology, ensuring that economic progress benefits everyone.
