Oh this will not end well. But it’s sure to make former democrat candidate for president, Andrew Yang, happy. And along with the “basic” income, will come all sorts rules and regulations people will have to adhere to. It will be great.
Might I suggest that the European Union disband, and quickly, before they get stuck fitting the bill for this lunacy.
from the Blaze:
Spain to implement universal basic income in response to coronavirus — and the change will be permanent
Spain is responding to the coronavirus crisis with a plan to launch a universal basic income program in the near future, Forbes reported, but the program isn’t just for the pandemic — it will become permanent, Spain’s Economy Minister Nadia Calvino said.
What’s the story? Spain, like other nations whose economies have been devastated by the coronavirus-related shutdowns, passed a stimulus package to ease the disruption. Measures include pausing all mortgage payments and giving money to businesses that are struggling.
The next step is a universal basic income that Calvino said is a direct response to the coronavirus emergency, but which will also remain after COVID-19 has passed. From Bloomberg:
Social Security Minister Jose Luis Escriva is coordinating the project and plans to put some sort of basic income “in place as soon as possible,” with the main focus on assisting families, Calvino, who also serves as deputy prime minister, said in an interview Sunday night with Spanish broadcaster La Sexta.
But the government’s broader ambition is that basic income becomes an instrument “that stays forever, that becomes a structural instrument, a permanent instrument,” she said.