I was once talking with one of my classmates and he said that in the future, there will be universal basic income implemented by entire world. I was not convinced at that time and thought he is just being stupid but given the layoffs happening and massive amount of unemployment, I am thinking about this possibility. What do you say?
Zionazi, Corporate, Oligarch fascim will put up a good fight. UBI is more power redistribution than any wealth redistribution. It becomes easier for everyone to make a lot of money and get richer. The objection is about reducing fascist totalitarian establishment power.
what do you wanna say?
Establishment does not want power redistribution. Most people look to government as having a role of providing shared prosperity, instead of just forcing you into war and to go die for your King’s amibitions. A conditional welfare system is rationed by political preference, and expensive to police and administer. UBI provides the shared prosperity at a 0 effective tax rate. You’re simply transfering very high income’s taxes to lower income people in a net 0 transaction for the state. With UBI, every corrupt empire spending plan must justify taking away equal cash alternative to every citizen/resident, and so the political power of establishment/rulership representatives is redistributed to the citizenry far better than election promises meant to champion a specific constituency (necessarily at expense of all others) without the obligation to follow through and deliver. More bureaucratic allies of the empire is also a corruption, if their function is fundamentally useless and can be replaced by UBI.
UBI leads to massive economic growth because wealth always trickles up, and redistribution is just step 1 in trickling up to all workers and owners who make more to sell more to broader population that can buy more.
A better closing sentence would have been. The objection to UBI is that the establishment loves more fascist totalitarian power instead of losing that power.