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So people who are well versed in financial affairs can do well and those who aren't should lose everything? That's exactly the opposite of what the UBI is suppo

So people who are well versed in financial affairs can do well and those who aren't should lose everything? That's exactly the opposite of what the UBI is supposed to achieve.

beojan 10y ago
No, a UBI is supposed to give people a way to live in a world where the basic assumption that labour (something everyone can contribute) is no longer necessary. What would remain necessary is capital, and a lump sum would give everyone a meaningful amount of capital that they can contribute (invest) as they see fit.