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Universal Basic Income
Universal Basic Income
PRO ARGUMENTS
In the last 50 years, there have been more than 30 cash transfer programs
studied.
Critics argue direct payments not tied to labor leads to complacency and
laziness, but advocates say data on the issue and how Americans spent covid
relief money contradicts those claims.
While the system would be a major change, with a basic income in place,
people would be able to meet their basic needs for survival while having the
opportunity to pursue their passions. We’d let the machines focus on working,
and we’d focus on living.
It is likely that some companies will increase their prices in response to people
having more buying power, and a VAT would also increase prices marginally.
However, there will still be competition between firms that will keep prices in
check.