Guaranteed income to replace welfare, Social Security?
EconoMeter checks out this radical solution to big bureaucracies
Q: Should federal welfare, Social Security and other payments be replaced by a guaranteed annual income for all?
Bob’s answer: NO.
The United States is too large for an experiment of this type.
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As we have found with Obamacare and programs run by our government, the private sector does a better job.
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The concept of a universal basic income (UBI) would never be implemented without a revolution of the masses who likely will expect Social Security, Medicare, Medicaid and more in addition to the UBI.
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Moreover, the U.S. could become a refugee camp.