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May 29, 2017

The Basic Income Debate (Video)

By EconMatters

We discuss the idea of Basic Income in this video, we run the numbers from an economic and market perspective, and the numbers aren`t pretty given the population , inflation, debt and government spending trends. We cannot afford a basic income solution without a complete overhaul of our current highly inefficient use of capital, i.e., government spending budget, current and future allocations and commitments, along with waste, inefficiencies, outdated and unnecessary programs, and corruption. The idea of equality of outcome sets the stage for future disappointment along the lines of the goal of creating a wealth effect through artificial policy intervention by Central Banks.

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Item Reviewed: The Basic Income Debate (Video) Rating: 5 Reviewed By: EconMatters