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Former President Barack Obama came out in support of an economic policy that is far to the left of anything being proposed by most sitting U.S. politicians.
While delivering remarks Tuesday at the 16th annual Nelson Mandela Lecture in Johannesburg, Obama appeared to endorse the idea of creating a universal basic income, the policy where the government grants citizens a minimum annual income to live on.
“It’s not just money that a job provides,” Obama said in a portion of his speech devoted to economic policy. “It provides dignity and structure and a sense of place and a sense of purpose. So we’re gonna have to consider new ways of thinking about these problems, like a universal income.”
“It provides dignity and structure and a sense of place and a sense of purpose
originally posted by: neo96
You already got a taste of this snip.
UBI is a delusion because no one wants to think where the income for over 300 million American would come from.
And guess effing what ?
No amount of printing more fiat currency.
No amount of borrowing money from communist China,and Japan, and OTHER countries.
No amount of treasuries.
No amount of taxation would even come close to the cash outlay.
originally posted by: DBCowboy
It won't be able tor be reversed, because who is going to want to take away 6 grand a year from poor Americans!