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mk · 3519 days ago · link · · parent · post: John Oliver, Edward Snowden, and Unconditional Basic Income
I agree with this by and large. Also the monetary effects of a basic income are largely unknown. Should we talking about a basic income, or basic wealth? They aren't the same, and monetary redistribution will certainly fall prey to schemes that will not be anticipated. There are aspects of our welfare systems that are similar to basic income. Experimentation should start with modifications there, especially where the beneficiaries have extreme unemployment. I don't see China as socialist, however. Their stability is also a very open question. They have a young government that has changed drastically in its short history.