UnBelievably Innocent

UBI … Universal Basic Income … rearranging the deckchairs on the Titanic.

With no other changes made to the capitalist, market-driven economy in which it is implemented all that will happen is either:

1. inflation will rise to compensate

or

2. employers will reduce salaries by an amount equal to the UBI

or

3. both of the above

It’s a lovely idea from people with their hearts in the right place and at least enough wit to recognise that the current system is broken … but not enough to realise that a rose by any other name will smell as sweet.

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