Money for nothing, Jobs for free is a brilliant equation that could solve a tremendous issue of our today’s society.
Imagine a business shop owner who has a downturn hits in her sales during an economic crisis period, In the usual circumstances with no UBI, and in the best scenario, the owner would close her shop’s door luckily with no tax debt or any loans at her back.
But with UBI (Universal Basic Income), She could afford to sustain some of the basic costs and covers some of her living expenses
While the UBI would be the safety line that replaces the sales incomes for a while.
As a conclusion, the business would remain up and running,
And the state would prevent a loss of one more tax payer.
The key feature of the UBI or the Universal Basic Income is that, it is a reverse investment for the state to prevent and save cash due to unemployment, crime and medical fees.
And it could be a safety line for a multitude of people who could lose their jobs if they are replaced by automation or robots.