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RE: Is this the source for funding of Universal Basic Income?
Easy big fella, I was voicing my skepticism about those that currently have much of the wealth and power. They tend to take a good thing and hord, control it. That it takes wealth and resource to get these mining operations going and I have a healthy skeptism about the altruistic nature of making these plentiful resources availble to humanity based on a free market. No, I am not a trust fund baby, I work for all I own.
They tend to take a good thing and hord,
no they don't. They take a good thing and put it to work so it grows.
some times exponentially, they create wealth.
They can't do it by themselves so they hire people, build factories, and generally invest.
It's called 'trickle down' , except that it's more like a waterfall instead of a trickle.
control it
No (see above).
Altruism is just selfishness in costume.
The free market is selfish. Thankfully.
If it wasn't, it would be called socialism, lol.
Using any metric you like, free markets make everyone wealthier.
(not to be confused with what we have had since 1913 and the fed. res.
A central bank is_communism through the back door - if you take the central ownership 'means of production' to mean total money control...)
Selfish free markets free everyone..