Universal Basic Income

If you introduce UBI, rents increase the next day so as to neutralize the effect of UBI. If you introduce UBI and simultaneously stop other social security policies (in order to neutralize the effects of UBI on the budget) then the effect of UBI is a transfer of risk from less vulnerable to more vulnerable people. UBI is a great redistribution of risk in favour of the more fortunate members of society. Of course if you are a hardcore neoconservative then you are free to cheer UBI but if you are a leftie like almost all redditors then probably […]

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