0 sats \ 3 replies \ @Bell_curve 16 Jul \ parent \ on: Money for nothing: is universal basic income about to transform society? news
Welfare but direct cash assistance
I think the negative income tax is the least bad handout or assistance program
You want to provide assistance but maintain incentive to earn a higher income
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33 sats \ 1 reply \ @oomahq 16 Jul
Is there any evidence that the government provides more and better assistance than private charities, though?
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10 sats \ 0 replies \ @Bell_curve 16 Jul
Private charities or organizations are better for providing assistance
By private charities I am excluding NGO which are de facto government entities
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13 sats \ 0 replies \ @didiplaywell 16 Jul
The thing is that, under a deflationary economy, no welfare scheme is needed. Welfare is a consequence of fiat due to being the state the one that mints the new coins (best case scenario, on pair with economic growth). In a deflationary economy, economic growth naturally leads to a re-appreciation of the money you already have, equivalent in it's effect to the interests rates in the fiat system, but non-dependent on a central authority.
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