[ExI] Universal basic income

BillK pharos at gmail.com
Tue Jan 17 17:34:09 UTC 2017

I can see that universal unemployment probably means that UBI will
become necessary. But I can't see where the money to do this comes

Pension schemes are already going bust because of low interest rates
and governments are moving the pension age later and later to postpone
the increased costs of an ageing population.

If taxation is increased it will make the poor worse off and devalue
the UBI payments. Social security will still be required in addition
as many people have disabilities, medical costs and families to
support that UBI wouldn't be sufficent for.

And you will get millions of immigrants from the third world wanting
to claim their UBI.

It will be interesting to see how the trials work out.


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