If You Think Basic Income Is “Free Money” or Socialism, Think Again
Basic income is a bottom-up stimulus package, like how bailouts for banks are &quot;stimulus&quot; packages but nestled in Reaganomics, i.e., expecting the money to trickle down. Except that bailouts sequester the money almost exclusively in the banking industry and so are useless for everyone except those who are already rich, and the government itself.<p>Basic income fills the economy with money that can be really spent, and like the article says people will vote with their dollars. I can&#x27;t understand why free market fanboys don&#x27;t like it! It&#x27;s the best way to incite competition in the marketplace by removing the exploitative (i.e., freedom-revoking) abilities of the companies that prey on the lifestyles of low-income workers who are stuck working multiple jobs just to get by.