Universal Basic Income and the Threat of Tyranny

Universal Basic Income and the Threat of Tyranny

10/13/2017

link

https://quillette.com/2017/10/09/universal-basic-income-threat-tyranny/

summary

This essay argues against the implementation of a universal basic income (UBI) by highlighting the potential threats it poses to individual freedom and economic stability. The author contends that while a UBI may sound appealing in theory, it can lead to a loss of motivation, disincentivize work, and create a dependence on the government. The essay suggests that UBI could inadvertently create a new form of tyranny, as those in power would have immense control over the population's livelihoods. Additionally, the author raises concerns about the feasibility of funding such a program on a large scale. Ultimately, the essay warns against the potential dangers of UBI and calls for careful consideration before implementing such a policy.

tags

universal basic income ꞏ ubi ꞏ welfare ꞏ poverty ꞏ income inequality ꞏ social safety net ꞏ economic policy ꞏ social welfare ꞏ government ꞏ employment ꞏ automation ꞏ technology ꞏ labor market ꞏ social security ꞏ economic inequality ꞏ wealth redistribution ꞏ job displacement ꞏ economic justice ꞏ social justice ꞏ economic system ꞏ social system ꞏ economic theory ꞏ public policy ꞏ social policy ꞏ economic reform ꞏ social reform ꞏ socioeconomic issues ꞏ economic stability ꞏ societal impact ꞏ government intervention ꞏ social equality ꞏ economic equality ꞏ human rights ꞏ economic freedom ꞏ social change ꞏ economic development ꞏ social progress ꞏ social transformation ꞏ societal challenges ꞏ societal concerns ꞏ social implications ꞏ economic consequences ꞏ political economy