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This is a good argument for a basic income, combined with free healthcare and higher education.

I suspect that lowering the risk of entrepreneurship could unlock enormous innovation potential for society.

Two thirds of the above seem to exist in Denmark (and a few other European countries) with no visible improvements to the entrepreneurial scene (I struggle to come up with a Danish startup success story that's been founded in the last decade or two).

They're there if you just do a little Googling. Unity Technologies, SteelSeries, Zendesk come to mind.

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