Re:Spain is moving to permanently establish universal basic ...
by HideousKojima on Tuesday April 07, 2020 @10:52AM
(#22803739)
$6 trillion in debt, to be paid for by future taxpayers you mean. I'm just as against the current bailout effort as I am against UBI. A one-time $6 trillion payout is still orders of magnitude cheaper than what it would take to fund a decent UBI though.
yet 6 $trillion from thin air to bail out big business, no problemo, signed by lunchtime.
Though I don't agree with UBI. It makes people dependent on government, who can fiddle figures to pay less, as with state pensions.
What's really needed is UBE - universal basic equity. Every citizen gets a stake (not 100%) in all of business, and shares in profits and dividends, derived from the economy they work to maintain and expand.