Saved by Johanna
The Case Against a Basic Income
The less our lives are exploited for the sake of profit—i.e., the more we devote our lives to the public goods of the welfare state or to non-profit projects supported by a UBI—the less wealth there is to finance the welfare state and the universal basic income. This practical contradiction in the redistribution of wealth is unavoidable under capit
... See moreMartin Hägglund • This Life: Secular Faith and Spiritual Freedom
guaranteed income has the potential to make the economy more dynamic and entrepreneurial.
Martin Ford • Rise of the Robots: Technology and the Threat of a Jobless Future
Another major potential downside is stifling innovation. While established, profitable companies are able to fund UCI, it’s infeasible for early-stage startups to do the same.