The Technocrat push for UBI is mainly to address the displacement of workers due to the technology created by those same Technocrats. Economically speaking, it is a crackpot idea, but now an exhaustive study has been done by looking at all the failed experiments.
Universal Basic Income (UBI) is an economic impossibility being sold to ignorant masses as snake oil designed to pacify resistance against the onslaught of automation displacing workers. The sooner people see through this, the better.
Universal Basic Income (UBI) is a global scheme of Technocracy to subsidize the new 'unemployables" class displaced by automation and AI. Thus far, every trial has failed, but that hasn't stoped more attempts to make it work.
Failed and abandoned experiments aside, Universal Basic Income continues to be promoted by Technocrats around the world. India's smallest state, Sikkim, is launching the largest trial ever with 610,577 citizens getting "free" money.
TN predicts that Universal Basic Income will be completely nullified in 2019, thanks to a meltdown in big-tech stocks and deterioration in the global economy. Many cities are already on the verge of bankruptcy and the world is awash with debt.
UBI is a favorite meme of Technocrats around the world, and has already been tried and abandoned many times in recent years. Now a Swiss village that has no cash is going to try it by using crowdfunding. This is truly an Alice in Wonderland type of story.
Technocrats continue to champion Universal Basic Income even though many 'experiments' have been abruptly terminated as abject failures. If UBI cannot succeed in socialist Canada, it cannot succeed anywhere else, either. Mark Zuckerberg stated at the 2017 Harvard commencement address, ""We should explore ideas like universal basic income to make sure that everyone has a cushion to try new ideas."
Technocracy uses science to perfect social engineering on a global scale, but Technocrats have no answers on how to handle displaced workers... except to just give them money. This will result in creating a new societal class of people who are unemployable and hence locked into permanent poverty.
As the world is further transformed into Technocracy, calls for Universal Basic Income increase. Technocrat billionaire Richard Branson does not volunteer to give his own money away as 'free cash' but encourages governments to do so.
In 1972, it was the Bilderberg gathering that gave the nod to David Rockefeller and Zbigniew Brzezinski to create the Trilateral Commission in 1973. The TC's self-proclaimed New International Economic Order envisioned Technocracy. Since then over half of the world has been transformed, including Europe, and the United States is currently in the crucible.