Burning Down The House

Burning Down The House | Zero Hedge
Recently an article appeared in Forbes magazine that recommended a universal basic income (UBI) for all citizens. The writer, who is from the UK, argues that:

“we can indeed afford a UBI at an entirely reasonable level within the confines of the amount that we already tax. So thus the question moves on to the next point: do we actually want one? At which point I say yes, obviously we do, as I have been saying for some years now. Simply on the basis that a UBI would be vastly better than the cruel, almost wicked, welfare states that we currently have.”

The author picks US$13,000 as the appropriate number that he feels should be granted to all US citizens over the age of twenty one and placed automatically into their individual bank accounts in monthly installments, for the rest of their lives.

Since this concept is unquestionably socialistic in nature and encourages the government’s role as a nanny state to an even greater degree than it already operates, the reader may understandably raise an eyebrow at reading it in a publication such as Forbes. Whilst I would agree, I would add, in all fairness, that, today, the article might also have been acceptable in that old British stalwart, The Economist..."
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