So let's assume this was implemented.
Some citizens, with their guaranteed basic income, will spend it wisely to cover their needs...as envisioned by proponents of this approach.
Others, however, will waste their income and again find themselves short of what is necessary to cover their needs.
What then? Simply increase the amount of basic income awarded, and hope that by throwing more money at the symptoms of poverty, the cause will be addressed?
And where does this money come from? Not immediately, of course, but 5-10 years down the road once society has been changed by this policy's implementation? Why would the financial engines of today, which could theoretically fund such an endeavor, continue to run as efficiently in the future?
Some citizens, with their guaranteed basic income, will spend it wisely to cover their needs...as envisioned by proponents of this approach.
Others, however, will waste their income and again find themselves short of what is necessary to cover their needs.
What then? Simply increase the amount of basic income awarded, and hope that by throwing more money at the symptoms of poverty, the cause will be addressed?
And where does this money come from? Not immediately, of course, but 5-10 years down the road once society has been changed by this policy's implementation? Why would the financial engines of today, which could theoretically fund such an endeavor, continue to run as efficiently in the future?