Universal Basic Income seems to be spreading like wildfire but it does nothing to revive economic activity. Instead, it suppresses economic activity by enabling would-be wage earners to live off “free money.” UBI payments keep people impoverished, ultimately driving them further into despair and poverty.
October 27, 2021
Ironically, Mayor Garcetti’s UBI program is called “BIG LEAP”. It’s easier to throw money at impoverished citizens than it is to take the jackboot off the necks of local business who could create jobs for these people. Most UBI experiments have been conducted by cities run by radical leftist mayors and councils.
Even though UBI trials have not produced tangible benefits to society, city after city continue to take the plunge, expecting different results. Americans are generally against UBI, preferring work to being on the government dole. Protagonists claim that robots will displace workers; others say that the economy just doesn’t work for some citizens.