Universal Basic Income Solves a Problem That Doesn’t Exist

Universal Basic Income Solves a Problem That Doesn’t Exist

By peddling fears of automation, a new generation of Luddites are gearing up for Socialism 2.0, certain to unleash poverty to fix a problem that never even existed.

Imagine being repeatedly warned that you will soon lose your job to automation, that the robots are coming to default your mortgage and put you on the street. With the endorsement of icons like Elon Musk, the concept of a Universal Basic Income has become irresistible to the masses. The temptation of UBI has even sucked in libertarians .

So what’s wrong with UBI anyway? What about forced redundancies? How will the […]

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