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RE: It appears that Hawaii will be the first state to implement UBI (Universal Basic Income)

in #steemit7 years ago

This Robin Hood theory sounds good in principal but when put into practice it may have a negative effect. Taxing the job creators more will just kill more jobs and drive automation more as a cheaper alternative. Socialism is paid for by other peoples money. The problem of socialism is when the government runs out of other peoples money. You can take Venezula as current example.

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I completely agree and Venezuela is in the process of adopting crypto's to help offset the horrible fluctuations in the devaluation of their dollar.

I don't know what the answer is but I can tell you that it is happening whether we like the idea of it or not.

My post is simply meant to present the facts that are before us. What a person does with it or how they perceive it is up to them.

Peace,
The Last Sage

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