The IMF Push For Universal Basic Income (UBI)
When I first heard about the UBI I was thinking it could be an effective strategy to stymie rebellion and social unrest as the middle-class disappear and poverty swell in numbers.
This report from silverdoctors.com points to IMF documents that reveals much.
The IMF calls this "tackling inequality", I question if it may be doing so by making everyone poor.
While some inequality is inevitable in a marketbased economic system, excessive inequality can erode social cohesion, lead to political polarization, and ultimately lower economic growth. This Fiscal Monitor discusses how fiscal policies can help achieve redistributive objectives. It focuses on three salient policy debates: tax rates at the top of the income distribution, the introduction of a universal basic income, and the role of public spending on education and health.
I get the sense that the next crisis being engineered is fast approaching.
Tell me what you think.
Oct 5, 2017 ... It focuses on three salient policy debates: tax rates at the top of the income distribution, the introduction of a universal basic income info-graphic from the IMF
Income Convergence for the States of India: Cross-Sectional Results ... The fourth chapter explores the feasibility of universal basic income (UBI) proposals in ... India Selected_Issues; IMF Country Report No. 17/55; February 2017
IMF bats for universal basic income in India | Business Line
As policy-makers in New Delhi debate the concept of the Universal Basic Income (UBI) that would do away with current government benefits ...