Another Preposterous Free Money Universal Basic Income Test on the Way

by Mike ‘Mish’ Shedlock
The Street

Another UBI Test is coming up. This time in Germany.

The UBI Idea

The goal is to provide a “living wage” to everyone as a basic right no matter how productive anyone is.

Under UBI, governments collect taxes and redistribute the money or alternatively just hand out free money.

Under some proposals, everyone gets free (or redistributed) money but in other proposals, free money only goes to the needy.

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