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To: Pecos

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.


25 posted on 10/17/2017 7:56:01 AM PDT by econjack
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To: econjack

But while it is busy dying, it kills the economy and country that implement it.


28 posted on 10/17/2017 8:47:21 AM PDT by Pecos (A Constitutional republic shouldnÂ’t need to hold its collective breath in fear of lawyers.)
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