Monday, September 7, 2020

Realistic UBI?

The only way that Universal Basic Income would work would be if it was pegged to a realistic standard of living - and NOT dependent on Congressional approval for adjustments. Otherwise it would quickly end up like the minimum wage: completely out of date and gutted by inflation.

It's like any other proposed fix. As long as the current corrupt system of capitalism continues to exist, it will swiftly corrupt and destroy any proposed reforms. Assuming that any reforms even make it through the legislative process.

In other words, as long as the oligarchy and capitalism exist, humanity has no hope.

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