I was once talking with one of my classmates and he said that in the future, there will be universal basic income implemented by entire world. I was not convinced at that time and thought he is just being stupid but given the layoffs happening and massive amount of unemployment, I am thinking about this possibility. What do you say?
It’s common for retirees or others who are able to cover living costs without paid work to do unpaid work with their religious congregation or for local charities. Being a valued coworker doing work recognized as making the community better doesn’t require being paid.
Alaska has had their Permanent Fund for decades, and it’s not been shown to be inflationary. At some (I believe much) higher amount of money distribution, UBI would be inflationary, sure, but there’s a lot of benefits to be had at lower support levels.