Pros of basic income System:
- It would provide those in school or looking to go to school with some much needed financial relief.
2.During hardships such as a recession.It would provide a lifeline for families in abject poverty.
3.For Countries looking to boost their birth rate.It will encourage marriage between the young population.
Cons of basic income system:
1.Like with everything good,there is bound to be abuse. If not properly managed or regulated.
2.It would drive up prices of goods and services leading to inflation that's if the government does not put some control measures in place.
3.Some groups of people would lose the incentive to work or acquire a skill or an education since they now have an assured income leading to lazy hands syndrome therefore constituting a nuisance to both themselves and the government.