Quote:
Originally Posted by silverraven
My oldest son is a proponent of Universal Basic Income. Everyone will be paid a salary by the govt. whether they hold a job or not. Anyone that does work keeps that money also, so therefore can afford more stuff.
I'm not saying I agree or disagree with this. I am just not sure I can see the govt. handing out money. Provide housing/food yes, but just hand out money?
It is an interesting idea though, whether you agree or disagree with it.
S
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Something has to happen though, as it's obviously very clear that over here in the west, there will never be enough work for everyone at some point, especially with people added by emigration. Millions are coming *here*, but no-one is going *there*.
At some point, there just has to be an end to how far an economy in the west can grow without exploding.
Also, if you boil everything down to what it is, what are we all doing? We're getting an education and try to find work, because you need money to survive, even if you don't do or want anything apart from housing, clothing and food.
In the end, 80% of the people are chasing after the money 20% of the others/corporations have. Only very, very few people succeed in becoming so rich that it doesn't make a difference what they do or don't.
20% of the people hold 94%+ of the world's wealth
As long as that doesn't change, most people will never fulfill their potential. (Pity you have to have an account or subscription to read the entire article.)
And this as well
In essence, money goes where money is, because it's easy to get more of something you already have. Extend it to its logical extreme. At some point all of the money will be with 50-100 people, and they will start to find ways to get that money from one another, and there will be rich and poor people in that segment. (You'd be poor if you only had a billion dollars.) In the end, one person will have 99.9% of all the money and resources in the world.
Obviously that's never going to happen, because the world will fall apart long before then. As soon as people don't have the money to buy more than the bare necessities, companies (and thus also, rich people) will begin to decline.