Have you ever noticed that no economist can ever tell you what is going to happen, just make excuses for what actually happened? They’ve got a better gig than meteorologists that can never really tell me how much snow I’ll see.
Yeah, we get that a lot. I have a Ph.D. in economics and I can tell you that history is strewn with the wreckage of attempts at universal income, from New Harmony, Walden, to the recent Soviet Union. It simply doesn’t work because it kills incentive and means taking from the productive and giving to the less productive. Eventually, it falls under its own weight.