Reply to post: Re: fast forward.

Universal basic income is a great idea, which is also why it won't happen

bombastic bob Silver badge

Re: fast forward.

summary: without threat of starvation and/or rampant poverty, NOBODY would work hard to get ahead.

And, don't forget one other likely outcome: when 'minimum income' is handed out by "whomever", expenses will rise to meet it. So you'll be equally poor as before, but with more money. This translates to a rather nasty form of inflation. It's why housing in certain places is RIDICULOUSLY EXPENSIVE, and the wages are often "just high enough" so you can SUBSIST but not get ahead.

See how it works?

The only fix is a TRUE free market system. As imperfect as it is, free market has the inherent checks and balances to reward hard work and punish laziness. As for "compassion", let private charities and religious organizations handle that part. When politicians are elected by giving other people's money away to those who vote for them, corruption is guaranteed.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon


Biting the hand that feeds IT © 1998–2020