only works on paper. In reality monetarism and collusion are bed fellows. 3000 years of monetary history proves it. Fiat money just makes it worse.
Hayek knew this and conceded that some kind of basic income would be necessary. Following the money causes collusion/monopolies due to the velocity of money.
http://bleedingheartlibertarians.com/2012/05/hayek-enemy-of-social-justice-and-friend-of-a-universal-basic-income/
I'm not sure that I'm on board with UBI...if people get money for nothing, that will lead to a lazy society. What would be the incentive for them to work harder/smarter? Also, you are making more people dependent on government, which in turn gives the government more power. I am all about limiting government power. UBI sounds too Socialist for my liking.
What does them make it today?
What does multimillionäre 80 year old not stop working?
What does musicians make music, even if they have to take a full job to finance that?
What makes people work FOR FREE nearly as often as for money (if they aren't already exhausted from a 50 hour minimum wage job)
The 80 year old became a multimillionaire because he is either a hard, smart worker, or a bit lucky, but did not depend on UBI or the government for a handout
The musician is not marketing herself well enough, or is dependent the other job for income, or the music is just a hobby/passion
People can do charitable things or work pro bono if they so choose...that is their right.
We can play these scenarios all day...I'm just not an advocate for people being dependent on the government and I am not a fan of handouts and free market manipulations. If you want those Socialist things...go to Venezuela.
Right, he most likely depended on a big inheritance. Or maybe an incredible amount of luck - as you can see at the big amount of people who are smart, work hard, and don't ge to be millionaires.
But that is besides the point, don't run away!
All those people work even if they don't have to. And often having to work for your living prevents people from really working. If Bill Gates or Steve Wozniak had been poor blacks that needed to feed their mother, I am quite sure the computer world would look quite different.
So you prefer people being depending on Companies that don't care a shit about them, not least because you can't fight back?
you cant have universal basic income without monetarism....
UBI has to be a government administered program, ergo theft from others to redistribute, as they see fit.
Recipients of UBI would just become sheep to government. drip drip drip. wither wither wither
Free stuff kills the spirit, the soul, and brings out the worst qualities in the human condition.
Striving brings out the best.
(hence the luxury we have here... of the electric, computers, and internet we are using right now.)
money doesn't cause collusion/ monopolies - governments do.