The American People are Now addicted to The Universal Basic Income
Channel: The Nomad Economist
Date: 2021-01-18

The American People are Now addicted to The Universal Basic Income
We have a system that increasingly taxes work and subsidizes nonwork.
Basic income, also called universal basic income (UBI), is a public governmental program for a periodic payment delivered to all citizens of a given population without a means test or work requirement. Basic income can be implemented nationally, regionally, or locally, and is an unconditional income sufficient to meet a person’s basic needs (i.e., at or above the poverty line).

According to a new study by the left-leaning Roosevelt Institute, a universal basic income could permanently make U.S. economy trillions of dollars larger. While such socialistic policies sound great in theory, history, and data, show it isn’t the economic savior it is touted to be.

Here's what UBI does: it buys time.  It placates the seething masses for a little while longer.  Every economic and financial policy initiative since 2008 at least has had only that one purpose: to kick the can down the road, to keep the zombie economy lurching forward one more stuttering step at a time.  All these measures including UBI and QE and all the rest could never work for long, and implementing them only caused the underlying economic and financial rot to spread faster.  They know that.  UBI is one of the last tricks they'll pull out of the bag before the onset of chaos tears the world apart.  Getting closer and closer.

For the full transcript go to https://financearmageddon.blogspot.com
👉 Donate to help The Channel:  https://tinyurl.com/vqbgwld
👉 Amazon Affiliate Links : https://tinyurl.com/sqwekhd
 Support the channel by clicking here before you start shopping on Amazon: https://tinyurl.com/sqwekhd (heck, even bookmark it for future use if you're feeling extra generous). 
Thank you to all my loyal fans i love each and everyone one of you Please **like and subscribe**  
👉 Follow us on Facebook : https://www.facebook.com/theatlantisr...

and on twitter : https://twitter.com/atlantis_report
This presentation contains images that were used under a Creative Commons License. Click here to see the full list of images and attributions:

https://link.attribute.to/cc/1598884