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RE: Universal Basic Income by Zuckerberg

in #money7 years ago (edited)

Free money and Enough money for a basic standard of living are different. I don't think basic income will be able to cover expenses past a warm place to sleep and something to eat. People will still need to be educated in order to afford the better things in life. Providing a basic income for people, in theory, should free up time for them to upgrade their education.

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True. That basic income will cause so much inflation i dont think it will even be enough for a place to sleep even. Overnight everything would double. But share market would go up leading some to think that things are getting better in the world. Crash in markets is bad no confidence in financial system but a rise gives false confidence to some

Paper money problems. An educated populous leads to a better economy though.

I dont want a nation of thinkers i want a nation of workers - Rockerfeller

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