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All-In with Chamath, Jason, Sacks & Friedberg
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The Effect of Universal Basic Income on Happiness and Desire
Studies have shown that a change in income predicts happiness more than absolute income, as spending levels normalize over time. Universal Basic Income is argued to make no sense due to the normalization of spending, the innate human trait of desire driving progress, and the need for constant income increases to maintain satisfaction in a UBI system as minimum thresholds continuously shift.
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