Friday, January 13, 2017

I like the idea of universal basic income and I think it'll spur entrepreneurship and risk-taking [COMPACTIDEA]

When food and a basic life of dignity is guaranteed, people will feel much more free and fearless to pursue their dreams [rather than worrying about meeting daily expenses for basic necessities of life - food, clothing, shelter, communications networks, etc.]. This'll make them go after their passions [academic or in arts or in business or in philanthropy] and will also dramatically encourage startups. Whether or not these expected benefits will outweigh the negative effects [some people becoming lazy so they don't work at all] is to be seen.