Universal Basic Income: A Dream Come True for Despots
https://mises.org/wire/universal-basic-income-dream-come-true-despots
So all but the ruling elite will be poor. You know Castro or the Lil NK Urchin don’t miss meals!
This destroys incentive!
I’m so sick of posting about this idea. It’s essentially a scheme to take all the money that someone earns and give it to those who don’t feel like working. Soon the ones working give up, and everyone is poor.
Except the ruling elite, which by that time has taken all the money that anyone has earned and is living high off the hog.
Universal basic income is called the Dole. And its an antifa dream come true. It lets people commit any crime and not worry. They have the time. They are not worried about an arrest record. They just do what they want. You can’t hurt them. England tried it. They stopped it. Crime went way down.
"And that after this is accomplished, and the brave new world begins When all men are paid for existing and no man must pay for his sins, As surely as Water will wet us, as surely as Fire will burn, The Gods of the Copybook Headings with terror and slaughter return!"
It will rapidly morph into a Universal Maximum Income. Just like union wages.