Technocrats around the world have been pushing for Universal Basic Income in order to offset the jobs to be lost to the robot revolution. Finland experimented with UBI and has now abandoned the project. The pros and cons are finally being revealed.Read More
Universal Basic Income
Fake history and fake facts are underpinning the argument for UBI, much like the pseudo-science of global warming. To state that UBI “starts to add up to a very significant portion of the GDP,” is woefully ignorant of economic terminology and meaning. GDP stands for “Gross Domestic Product”, whereas UBI is a government handout created out of thin air from taxpayer money.