Sunday, June 18, 2017

Universal Basic Income

Universal Basic Income is a concept that's getting a lot of attention, especially in Silicon Valley. A country that has universal basic income guarantees every person a minimum income regardless of criteria - age, wealth, job status, hometown, family size, etc. Not having to work for food and shelter will help each of us to decide what it is we truly want to do.

With all due respect, but proponents of this great utopian socialist idea, are mistaken.

Being too far removed from ordinary lives, the proponents can not foresee the consequences of introducing Universal Basic Income on a large scale.

Visiting beautiful states of Mississippi, Louisiana or Missouri will show once and for all the consequences of Universal Basic Income on a small scale.

Albert Einstein once said, 70% of people lack motivation and have no idea what they want to do with their life.

P.S It is fundamental to have Universal Health Care and Free Education in place, prior to considering implementation of Universal Basic Income.