Jiří Knesl

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Jiří Knesl
Posted over 1 year ago
What's your opinion on Unconditional Basic Income? (This is not Communism)
The earth has not enough money to provide Unconditial Basic Income. Just look at the number of people worldwide, it is more than 7 000 000 000 and growing. World GDP is approx 10 000 USD per capita. Thousands are in hands of governments now (in Europe, governments very often regulate more than 50 % of GDP). To give 5000 USD (which is only ~ 420 USD per month per person) we would need to establish communism and 100% regulation. But! 100% regulation means that people who are motivated by money would A) stop trying or B) move their business to black markets. You can choose A) or B) in both cases official World GDP would be lower which means less money for basic income, less money for normal income, less money for companies which leads to even less GDP. Unconditial Basic Income may be fine idea for some other world with 10 times higher GDP (at the same prices and same amount of people) and without corruption and inefficient governments. Sorry but I don't believe world can have Basic Income in (at least) next 100 years.