In response to your failure comment: I meant being evicted or not having food on the table if you don't succeed. Not being able to retire by 40 is a very strange idea of 'failure'.
Who thinks this way?
Most businesses in the US are started with loans or personal money and failure means you can't pay the rent.
It will inflate our currency. The middle class will get a pay decrease and money will not go as far because the cost of many things will increase. Wages in many different industries will be increased because it will be difficult to find anyone to work for less than what they are receiving from the government. This sounds great, but it just means an increase in overall costs for many goods and services and the minimum to survive will now be more expensive.
It won't work in the long-run. Everyone seems to think we will have exactly what we have now, but with free money. Free money means we will have more and more people staying out of the workforce and we will eventually run out of people to tax.
Welfare destroyed the lives of many people in my extended family. Most people aren't that ambitious and UBI, which is basically just welfare with no strings attached, will only create generations of people dependent on the government.
In response to your failure comment: I meant being evicted or not having food on the table if you don't succeed. Not being able to retire by 40 is a very strange idea of 'failure'.
Who thinks this way?
Most businesses in the US are started with loans or personal money and failure means you can't pay the rent.
It will inflate our currency. The middle class will get a pay decrease and money will not go as far because the cost of many things will increase. Wages in many different industries will be increased because it will be difficult to find anyone to work for less than what they are receiving from the government. This sounds great, but it just means an increase in overall costs for many goods and services and the minimum to survive will now be more expensive.
It won't work in the long-run. Everyone seems to think we will have exactly what we have now, but with free money. Free money means we will have more and more people staying out of the workforce and we will eventually run out of people to tax.
Welfare destroyed the lives of many people in my extended family. Most people aren't that ambitious and UBI, which is basically just welfare with no strings attached, will only create generations of people dependent on the government.