The largest concern is that it ends up being a form of theft from workers in real terms.
The income receiving individual gets paid twice in real terms - consumption of goods and services provided by others and consumption of their own labour hours.
Those producing the goods and services end up with more money, but less in the pool to buy with it. More money chasing less output is inflation.
We need a system that allows the exchange of labour hours for goods and services, not compulsory handouts.
The income receiving individual gets paid twice in real terms - consumption of goods and services provided by others and consumption of their own labour hours.
Those producing the goods and services end up with more money, but less in the pool to buy with it. More money chasing less output is inflation.
We need a system that allows the exchange of labour hours for goods and services, not compulsory handouts.