RE: Universal Basic Income: What do you think of it?
I’m open to ideas for how to improve living conditions for lower income families but there are big questions about where will the money come from and how it will be spent. Quantitative easing will increase inflation and government debt will shift the burden to future generations. Spending can help stimulate the economy in certain areas but without strict controls the results will be unpredictable and could include undesired outcomes such as empowering illegal narcotics dealers. In the US we have programs like food stamps and government subsidized housing projects which are limited to helping families specifically in those areas and have strict controls to ensure money is spent appropriately. I would rather focus on improving those types of existing programs to facilitate housing and food instead of handing out "free money" to everyone.