Some Thoughts on Capitalism, Universal Basic Income, and Automation

The concept of Universal Basic Income (UBI) is not new, but surprisingly few have heard of it or truly understand the reason for it and why, now more than ever, it is vitally important. In simplest terms, UBI is a regular cash payment made to every person. You don’t need to work for it and you can do anything you want with it. Some see it as money for nothing, a lazy person’s way of getting a handout from the rest of society. Proponents, many of whom don’t actually ‘need’ UBI, see it as a necessary means to keep the …