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It's a horrendous idea for several reasons. Are we so out of ideas to fix our problems, we're now saying that working less and giving away money to people is t
by dpweb 12y ago
It's a horrendous idea for several reasons. Are we so out of ideas to fix our problems, we're now saying that working less and giving away money to people is the answer?
When you give away money without the commensurate work in a capitalist economy, prices explode, and inflation is the same as lower wages. We get away with subsidizing food. Food is cheap, there's a massive supply.
Things that we've declared human rights and there is not an unlimited supply..
Medical care and college tuition. Both we've directed massive capital inflows towards. We don't even raid the treasury for the latter, we put the crushing debt on the kids. At best, permanently making their future a little dimmer.
This basic income crap is not the answer. These people need to learn something about how capitalism works. Only giving value to others is compensated. Do some powerful folks extract too much from the system. Yes. Nothing a tweak of the tax code wouldn't fix. We need some laws changed for sure. They won't do it though, too many cowards.