The true long term vision for basic income, which this video does not touch on, does not involve the rich subsidizing the poor. When birthrates stabilize at or below the replacement rate it becomes difficult to grow an economy. Typically countries turn to immigration to make up the difference, but there are other ways (see below).
Furthermore for economies such as the US economy, it needs consumers more than it needs producers. We are a consumer driven economy.
So what does this have to do with UBI?Another way to grow the economy is to print money, and ultimately I think this […]
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