The issue with basic income is in the long-term. When more and more generations of people start to depend on it (I've seen it with welfare in my hometown), it becomes a crutch and will stifle their future success.
Eventually, there won't be enough people giving back into the system and the whole thing will collapse. Before this happens, taxes will continue to be raised in people in lower income brackets.
The politicians love it though. It creates an instant voter base. Why would a person, receiving free money, vote for someone that will take it away?
Because of things like this, I wish we had laws in place that all voters had to at least 1) work some sort of job (it doesn't matter what it is) and 2) proof they paid income taxes.
Eventually, there won't be enough people giving back into the system and the whole thing will collapse. Before this happens, taxes will continue to be raised in people in lower income brackets.
The politicians love it though. It creates an instant voter base. Why would a person, receiving free money, vote for someone that will take it away?
Because of things like this, I wish we had laws in place that all voters had to at least 1) work some sort of job (it doesn't matter what it is) and 2) proof they paid income taxes.