RE: Good news! Support for a universal basic income is on the rise.

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Good news! Support for a universal basic income is on the rise.

in goodnews •  7 years ago 

Not even close my friend. Wealth redistribution via coercive government force is NOT capitalism. What you are talking about is a theoretical boost to INDUSTRY not capitalism. Industry does not equate to capitalism. However your theoretical boost to industry is also based on fallacy. History has proven that taxing industry in order to provide "social services," has a negative outcome on economies.

Rebranding socialism/communism as "Universal Basic Income" does not make it capitalism. It's still socialism. It still requires government coercion. It's still going to result in a reduction in overall wealth. It has never worked on a large scale. It never will.

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