make-work jobs

The solution for the funding of UBI is very simple, it should be paid out of newly created debt-free money. And when people hear this they cry instinctively “That would cause inflation”. No! Inflation is caused by too much money chasing too few goods. The people at the bottom of society: the underclass, the homeless, the unemployable, do not have too much money, some of them have no money at all.

Although he has now withdrawn from the Presidential race, the charismatic Yang has been the first person  to bring Unconditional Basic Income firmly under the spotlight of mainstream American politics. Surprisingly, Hillary Clinton actually considered it in 2016, but why give ordinary people money when you can sell your soul to the rich and powerful, lining your own pockets in the process?