I read an article recently from an author who was discussing Universal
Basic Income and why it should be adopted. For those of you who
unfamiliar with the concept, Universal Basic Income is a monthly base
income that the government pays everyone just for being in the country.
People can then go out if they choose and get a job which will allow
them to make more money on top of their UBI.
The article I read was called "The Economic Case for a Universal Basic Income (Part 1 of a series)" by Ed Dolan. If you are interested in reading the article as well it can be found here.
The people pushing for UBI say that if you remove all of the unnecessary government agencies and red tape that the money needed to fund such a program will become readily available. The reality, however is that taxes would have be raised in order to fund such a large program, and people today already complain about how high the taxes are, from the poor to the rich. A raise in taxes wouldn't be an easy sell, at least for the people of the United States (which is where I am). Which is why the idea of UBI is really just a fantasy.
And let's be honest and call this program what is really is, socialism. Socialism doesn't work and that has been proven in the countries that are still socialist. The government these days (at least in the United States) can barely handle the functions it's tasked with with any kind of competency. Do you really want to leave the livelihoods of every US citizen to a system that has proven it can't even handle basic functions well?
Capitalism and the Free Market works and that is what we should stick to. While I agree we really should trim down the government and get rid of the waste, switching to socialism is not the way to do it.
What do you think of Universal Basic Income. Leave a comment and let me know
The article I read was called "The Economic Case for a Universal Basic Income (Part 1 of a series)" by Ed Dolan. If you are interested in reading the article as well it can be found here.
The people pushing for UBI say that if you remove all of the unnecessary government agencies and red tape that the money needed to fund such a program will become readily available. The reality, however is that taxes would have be raised in order to fund such a large program, and people today already complain about how high the taxes are, from the poor to the rich. A raise in taxes wouldn't be an easy sell, at least for the people of the United States (which is where I am). Which is why the idea of UBI is really just a fantasy.
And let's be honest and call this program what is really is, socialism. Socialism doesn't work and that has been proven in the countries that are still socialist. The government these days (at least in the United States) can barely handle the functions it's tasked with with any kind of competency. Do you really want to leave the livelihoods of every US citizen to a system that has proven it can't even handle basic functions well?
Capitalism and the Free Market works and that is what we should stick to. While I agree we really should trim down the government and get rid of the waste, switching to socialism is not the way to do it.
What do you think of Universal Basic Income. Leave a comment and let me know
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