Bitcoin Cryptocurrency or Universal Basic Income More Efficient To Solve Debt Crisis?
There is a debt crisis globally. To me, I see a lot of opportunity in solving the debt crisis with Cryptocurrency. One of the proposed solutions to solve this debt crisis is Universal Basic Income.
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Is universal basic income a socialist death trap that is designed to make people dependent on the government? When you were younger, you depend on your parents to take care of you. With universal basic income, are we asking the government to take over that role because we believe others need to take care of us for the rest of our life? How about rewarding people for their efforts by reducing taxes or giving tax credits? I prefer the government concentrate their effort to help those that don’t have the means to take care of themselves (such as the elderlies, orphans, disabled veterans, and those with severe disabilities that can’t take care of themselves). Thanks for making these informative and thought provoking videos, Jeff 😊.
You are assuming that governments will be issuing the crypto-currency used for universal basic income. The crypto movement is a peer to peer movement and the government does not have to be involved if we don't want them to.
nice
I think universal basic income would need to be a crypto. Otherwise I don't see how they would plan on funding it.
I heard about the idea of universal basic income around the same time I was introduced to crypto currencies (2010). It was a synchronicity I cannot ignore and it makes sense.