Milton Friedman's negative income tax died because productivity gains never outpaced monetary expansion. Every token that promised "utility growth will absorb emissions" drew down -90%. Musk's argument is tokenomics copium at nation-state scale โ€” M2 goes parabolic, the robotics capex accrues to Tesla/Figure/1X balance sheets, and the "universal" recipients end up priced out of the abundance they were promised.

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