|You This proposal is DOA. It would be massively expensive and inefficient. You would see a lot of fraud at the supplier level, just as you do with Medicare. |
You -- A basic income give recipients freedom of choice.
Me You sound like my daughter who wants to take a billion dollars and set up a self sufficient commune where everyone is taken care of but no monies exchanged. Okay but where is the financing coming from all debit no credit.
Solution throw all assets out the door who needs them we loan and groan ( gov budget problem)
Gov has no budget problem currency represents debt and not much else .
Have you retired form being a CPA? Are you now a banker? Interestingly enough people think of this as a great idea everyone wants UBI. I have already spent mine on a helidrone. The drone that lands on and takes off from a roof. Heck insurance will cover my roof if it falls apart on the landing of my drone. Heck the insurance company will take out a loan with the fed to cover my lack of fore sight. The fed is thinking about selling property in Mars. Whoops small problem Musk already homesteaded it .
All is said with a smile. You have to figure out how to create the basic income or we are back to my daughters commune which Amazon will finance and not expect a financial gain or return.