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I don't think we can have the conversation about basic income without having the conversation about currency. Right now the government has basic(or really much
by Kinnard 11y ago
I don't think we can have the conversation about basic income without having the conversation about currency.
Right now the government has basic(or really much more than basic) income . . . it can create the money it needs to do what it wants. And this trickles down from the President and the Speaker of the House to the foot soldier and the mailman.
This is a feature of the monetary system and it is only challenged in rare, extreme, or politically charged cases.
Perhaps we should think about innovating the currency to provide basic income to citizens rather than to the state.