Jessie ----
by on July 3, 2018
The idea that the US taxpayers are rolling in money, and that they should continue to pass out money for free, never ends. This time we have a British billionaire, who has the hair brained idea that our government should just hand over money to solve income inequality. If he likes the idea, why doesn't he pass out his billions? This is the plan from Richard Branson.
Branson says a basic income should be introduced in Europe and in America.
A basic income is also called a universal income, and is a periodic payment or stipend that’s regularly paid to residents regardless of work or financial status. Right now, Finland is experimenting with the idea. Meanwhile, Branson is the founder of the Virgin Group and ranked No. 29 among the wealthiest people in the world.
He also said it was a disgrace to see all of those people sleeping on the streets. So Branson thinks we should pay those individuals, for doing nothing, but sitting on their butts all day, whom many, who've been interviewed say, they don't want to work. All the while, you don't see the ultra rich, giving up their money, it all falls onto the shoulders of US taxpayers.
So let's go back to the Finland experient for a moment. Is the basic plan working there? No. Finland’s government is planning to end the experiment that gave 2,000 unemployed residents $690 a month with no strings attached. Participants between 25 to 58 years old were selected at random by Kela, the country’s social security institution.
The government argued that people might choose not to gain employment for fear of losing their unemployment benefits. The basic-income test was supposed to work as an incentive for people to find work. Well anyone with any sense knows, that the more you give people free, the less they are inclined to work.
Finland's experiment was initially planned to expand to include people who are employed, but it didn’t happen. The study’s researchers said without working participants, it’s difficult to study whether a basic income helps people make career moves or seek further education.
There are also other well-known billionaires have made similar comments to Branson. Tesla CEO Elon Musk tweeted earlier this month, that a universal income will be necessary over time if AI takes over most human jobs. It's rather simple isn't it? The rich keep their wealth, but taxpayers foot the bill, in the name of income inequality.
Post in: Business
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