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RE: What would a legitimate basic income buy?
When everyone has food, shelter, and healthcare covered, then nobody will care to compare themselves to others in respect to these aspects. People always compare themselves with those who have more, and there is always people who have more
That's a good argument for why people will keep creating despite being comfortable survival wise. as it's always been . I'm not sure global/universal basic income is possible or even desireable, actually the incoherence of it is easy to see, when dividing shares, who has the right to bring more share-holders into the world? How many per person?
The only solutions are nationalistic or even fascist by modern standards.