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Although it sounds attractive on many fronts, it can never work. Let's say we give out $1 trillion worth of basic income. Is there $1 trillion more goods and
by DougN7 10y ago
Although it sounds attractive on many fronts, it can never work. Let's say we give out $1 trillion worth of basic income. Is there $1 trillion more goods and services to spend that on? No. In fact, depending on how many spend their time on non-productive work, there might be a lot less. So a lot more money chasing fewer goods and services. Classical inflation will quickly make that basic income of little value.
- DougN7 10y agoWhy the downvote?
- deleted 10y ago[deleted]