by Mike ‘Mish’ Shedlock
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.