2 ms·
Didn't read the article but this is the worst possible idea ever. With UBI you reduce the number of working people and shift all the responsibility to an even s
by therufa 6y ago
Didn't read the article but this is the worst possible idea ever. With UBI you reduce the number of working people and shift all the responsibility to an even smaller group of individuals.
Based on human nature, with UBI one would have an even larger lazy population who would end up just sitting around, doing nothing within the first 20 years of this wonderful idea.
Now back to the reduced group of responsibility bearing individuals; these are the entrepreneurs, motivated workers, the ones that can't just sit around and do nothing, the ones who get bored on a hotel vacation. These are the people who would profit the most from UBI, since they are usually the ones capable of strategic thinking. They would end up with all the surplus generated from UBI because most people are just mindless consumers spending money as quickly as they get hands on it. How i see it, this would lead to massive inflation in value of products and in the end the government would have to raise UBI which soon would get into an endless loop.
Also, there are so many downsides, that it's not even worth digging into the few upsides.