By itself, probably not. I mean, it’s not a bad idea, but it would probably just drive inflation through the roof.
The part of UBI that would be most beneficial would be the tax structure needed to pay for it. The wealthiest among us would go out of their way to avoid such taxation, and in doing so, they would buy more, spend more, charge less. All the activities they undertake to avoid taxation end up as income to the people they buy from.
Could Universal Basic Income play a role in this?
Band aid solution. The system remains unchanged. The billionaires still make their profits off of the backs of you and me.
UBI wouldn’t aim to get rid of billionaires since they would also receive payments. But it would help get rid of poverty, no?
By itself, probably not. I mean, it’s not a bad idea, but it would probably just drive inflation through the roof.
The part of UBI that would be most beneficial would be the tax structure needed to pay for it. The wealthiest among us would go out of their way to avoid such taxation, and in doing so, they would buy more, spend more, charge less. All the activities they undertake to avoid taxation end up as income to the people they buy from.
Well at least after AI and robots replace a good portion of the workforce, detaching happy, educated citizens from the societies money flow.
My guess is gouverment by powerful corporation and people unable to adapt dying in gutters, rather that universal income.