RE: Is Universal Basic Income A Good Idea?
Paying for UBI by increasing the inflation rate does not work out well.
Sure, the German Weimar Republic continued to pay all the retirement checks, but they didn't even pay for bread near the end.
If we actually cared about food, shelter and clothes for everyone, we should provide just those things. It is far more cost effective to build a tiny house for every person in america, then to pay for section 8 housing today. But, we never hear of that. All we hear of, is printing more money to pay everyone.
Further, this UBI is being pushed by the same people that want everyone on digital currency. It is a trap. They would love everyone to be reliant on govern-cement money coming in every month. And, if they don't like you for some reason, they just turn off your chip/card/phone. Don't tell me that wouldn't happen; just look at the problems in social security.
And finally, that piece of crap that all who write on this keeps trotting out.
The rich CEOs make so much money. Its us vs them. They are making money off of all the little people. Well, they might be, but the CEO of Wallymart makes about 12¢ per employee per year.
Further, where the rich are really making the money is charging you money (taxes, interest and inflation) on every single dollar in existence. These people are raking in the money and controlling the govern-cement. Only through the govern-cement created monopolies could they steal so much from all of us little people.
And now, you would like to give these very people more money and power?