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Ladies and Gentleman money are VIRTUAL, so yes, a UBI system is definitively possible, the point is how much REAL resources we have to share amount the people f
by kkfx 2y ago
Ladies and Gentleman money are VIRTUAL, so yes, a UBI system is definitively possible, the point is how much REAL resources we have to share amount the people for their needs and desires no matter if with a UBI or not.
Formally a society is built to serve their people, so it's a duty of a society assuring a minimum living standard as much as possible to anyone, if that's possible is not a matter of money but natural resources, skills to profit from them etc. How to ensure such living standard to anyone and where the bar of "the minimum" is set it's a whole topic and have not much to do with money.
Remember however a thing: most poor tend to remain poor because they do not know how to administer their life BUT they can still live better with a bit of revenue and what go though their "holed hands" fall in someone else pocket, meaning it still makes the economy turning, so there is NO ISSUE in having a UBI for all, unconditionally, also to the richest, with just few spending rules (like you can save money from it, but not more than a certain amount, you can spend it but only domestically) because the money goes from those who receive them to the local activities, spent in food, medicine, play and so on.
The real point is how can an economy have private money, created out of thin air by some who "rent it" to the government as de-facto dictators. And my answer is there is no economy able to survive much in such system, deep crises and wars are natural in such systems.