I was once talking with one of my classmates and he said that in the future, there will be universal basic income implemented by entire world. I was not convinced at that time and thought he is just being stupid but given the layoffs happening and massive amount of unemployment, I am thinking about this possibility. What do you say?
I think we already have a rudimentary form of UBI in the debt system. You’re born with a certain level of creditworthiness, which you can “spend” on getting credit.