(January 7, 2024 at 5:03 pm)neil Wrote: When people talk about UBI, they should also keep in mind that if it isn't implemented in a mathematically, economically, and logically sound way, it could cause an increase in serious poverty, homelessness, etc. It could also have a counteractive effect on the flourishing of the arts.
I think a sound implementation of UBI could also lead to a reduction in crime along with a financial reduction for society in overhead to deal with crime.
Yes, it would have to be done right. And that's a big "if," given what we've seen with the implementation of other new government programs.
I guess there are pilot programs around the world, and it will be interesting to keep an eye on which ones work best.
https://en.wikipedia.org/wiki/Universal_..._the_world
Here in Japan, there's a new political party led by a VERY charismatic young man, who advocates a limited UBI which only kicks in when inflation is beneath a certain percentage. I'm not smart enough to know all the economic issues, but that kind of thing might make sense.