What is your opinion on universal basic income? Do you think it's sustainable all over the world? Or is it just another socialist scheme which may not work everywhere? I have that kind of feeling about it.
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The problem with universal basic income is that government is in the middle of it. That means it is susceptible to political whims. It is also dependence upon the state (politicians and bureaucrats) that is never healthy.
Plus outside the US, nobody else can fund it since they are having a tough time selling their debt.
That said we will see UBI in the 2030s from most countries as governments try to remain relevant. Keep in mind we are developing all new starts, the network-state. Governments are going to have to compete, something they are not good at.
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One thing I am going to be writing about is that the US should do away with income tax and fund it through debt.
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