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Basic income, unfortunately, is not a problem of economics. You can argue for month about its viability, but ultimately, I think basic income is a problem of po
by jokoon 10y ago
Basic income, unfortunately, is not a problem of economics. You can argue for month about its viability, but ultimately, I think basic income is a problem of politics, because I can't see western governments and their representatives agreeing to change their systems to implement it. Reaganomics are still alive and well.
Basic income really sounds like one of those socialist counter weight, that, just like new deal policies, can make capitalism viable again, but I feel it will criticized for being some socialist measure. The end of the cold war is still too near.
It's more a concern of political belief than anything else. Of course economists and administration can argue about it, but in the political scene, I'm very pessimistic.