27 December, 2016

Universal Basic Income should die after 2016 - Business Insider

Universal Basic Income should die after 2016 - Business Insider: "The universal basic income — a universal payment to every adult, designed to support a basic living standard regardless of whether the recipient works — has never been a broadly popular idea.

But it has become subject of fascination for policy wonks across the ideological spectrum because of the goals it intends to serve: decoupling subsistence from wage labor (a goal of the left), replacing complex safety-net programs that often create disincentives to work (a goal of the right), and preparing for a future in which automation reduces the demand for labor.

But after watching voters act out their rage at the establishment this year, I have become convinced that a UBI is a very bad idea that would further destabilize the global order — and that the assumptions that had policy wonks interested in the UBI in the first place are bad, too."

'via Blog this'