Thursday, September 29, 2022

Too Early For Universal Basic Income?

Then there should at least have some form of basic subsistence insurance where coupons, services, or money are given to subsidize people who cannot afford food or rent based on their income. 

There are some similar programs in Europe. 

In Korea, there is around a $200 a month basic pension for people with no income. The pension system was established in 1986 and it was not mandatory for companies until much later. So, there is a problem with a lot of old people without pensions, living in poverty and ignored by society.

Maybe, there types of programs may become more widespread in the future against almost certain conservative opposition. 

Conservatives are not only against socialism but also seem to be against society as socialism and society are intertwined.