There are lots of reasons in my mind why UBI would be a bad idea. I know that some libertarians/classical liberals, such as the late Milton Friedman, favoured a form of it in the form of “negative income tax”, but largely because they wanted to sweep together existing welfare benefits into a single payment, and for that payment to be cut fairly low so as not to kill incentives. More recently, I have seen folk such as some (not all) “transhumanists” claim that in our marvellous tech future where there is no scarcity, we can have all these goodies […]
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