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 UBI is generally seen as something to do instead of that, a way to put off actually providing for people so that they can continue to funnel capital from the regularly well-off to the obscenely well-off while blaming it on the poor and the increasingly shrinking “middle-class”.