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RE: A Novel Take on Basic Income

in #money6 years ago (edited)

These are the very objections I've always had about UBI. That's why I focused this more on the rationale for it not being exploitative in terms of where it comes from (his argument on getting it from corporations) and the feasibility of funding it (my argument on cutting military spending).

But I've always said, if you give everyone $1,000 more per month, within a few years everything will just cost more to where it consumes $1,000 more per month. In practice, my approach to helping others get something like UBI has been teaching people how to develop passive income, which is what has allowed me to retire so early.

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