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What does Lemmy think about the idea of a Universal Basic Income? (medium.com)

submitted 3 years ago by 3arn0wl@lemmy.ml to c/asklemmy@lemmy.ml

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[–] 3arn0wl@lemmy.ml 3 points 3 years ago

I realise that I'm an idealist, but I start from the perspective of basic human rights : Everyone has the right to food, clothing, housing, warmth, etc. Surely our world's managers, by agreeing to be a part of the UN, have a duty to the UN's convention on human rights?

But what's the cost of all that?

And does the administration bill from giving to some and not all outweigh just giving a payment to everybody?

And would the resulting inflation make it all impossible anyway?

I don't know the answer to any of this : I'm not an economist.

UBI must have a profound affect on the economy though...