Universal Basic Income (UBI) is an economic impossibility being sold to ignorant masses as snake oil designed to pacify resistance against the onslaught of automation displacing workers. The sooner people see through this, the better.Read More
Universal Basic Income
Stockton, California has been in and out of bankruptcy but now sees the light on solving its large homeless problem: simply give taxpayer money away to all of them ala Technocracy’s “Universal Basic Income”. This is a localized version of wealth re-distribution and is all but guaranteed to throw the city back into bankruptcy.