New Philip Rosedale Simulation Suggests Limits of UBI On Rich/Poor Divide

New Philip Rosedale Simulation Suggests Limits of UBI On Rich/Poor Divide

What you’re looking at above is a follow-up simulation of wealth inequity by Philip Rosedale , who recently created a simulation which showed how a divide between rich and poor will emerge even when everyone starts at a hypothetically equal state , income-wise.

This new simulation basically models the injection of universal basic income — a solution to the rich/poor divide recently popularized by Presidential candidate Andrew Yang. But as Philip writes, while UBI helps in the short term, his new simulation suggests that the wealth gap quickly starts growing, even with UBI : Even with money printing left [i.e. […]

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