Post
Topic
Board Economics
Re: Creating a guaranteed minimum income through crypto-coins
by
Apraksin
on 15/06/2014, 15:07:38 UTC
This sounds a lot like socialism.

If everyone had a guaranteed income then why would anyone work?

They would work since said income would be enough to survive living cheap, but not enough to live in relative luxury.

A much better question is: Why cant people ever do their research on basic income before asking the same stupid questions as the 100.000 previous askers and calling socialism?

Are you aware that Richard Nixon in his days wanted to implement basic income?  He certainly was no socialist.

The fact is that all research on basic income shows wery positive results. Reduction in mental and physical illness, better nutrition, less educational dropouts and economic growth due to a boom in small local businesses. BI is showing it self to be an extremely usefull tool for reducing powerty.

http://www.globalincome.org/English/BI-worldwide.html