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RE: The opponent voice to UBI(URI) from Chinese EOS community

in #eos6 years ago

It is true that giving money to the poor (or anyone) may not necessarily be beneficial to anyone in the long term. If a unit of account (money) does not represent useful work performed in a system then it's likely to have little value over time. It is my experience that an economic system accounts for "money without work" with raised prices. However I believe we need to get all relevant information on the proposal before dismissing it. Whilst we should learn the lessons of the past, it's come to a time in history to use specific (and in context) explanations rather than use terms such as "left" that have different connotations with different people. Thanks for the post. Your points are very valid.