I think, in countries like the Phillipines, or India, which have disgusting levels of inequality and poverty, there needs to be a mechanism whereby they can afford a humane standard of living. I don't think a UBI is the way to achieve this, but I can't think of an alternative. Such is the joys of not being an economist myself.
RE: Doug Casey and I Destroying Commies On Universal Income
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Doug Casey and I Destroying Commies On Universal Income
Inequality is natural to an extent due to the individual variances in ability, desire, time preference, and other factors; but massive inequality is usually a result of political plunder. Naturally, politicians love to propose more plunder as a solution.
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