The Critical Flaw in Universal Basic Income

In short: Capitalism will systematically extract whatever money you pump into the poor and re-concentrate it in the hands of the landlords.

Photo by Alexander Mils on Unsplash

Universal Basic Income (UBI) is a simple idea: pay everyone an income. For anyone who values human welfare it would seem to be a straight-forward and transparently good idea. Pay everyone enough to live, then everyone can afford to live, right? Not…