Msg. 27101 of 54959 (This msg. is a reply to
27100 by
clo)
Jump:
I'm curious to see what happens with a universal basic income economy. I wonder if much will change. I suspect not that much as the income will be set at a low number, so not that much different from unemployment.
ON THE BRINK
Italy in Crisis After Introducing Universal Basic Income
Major financial-market indices in Italy plunged Friday morning after the country’s cantankerous populist coalition succeeded in pushing through a big-spending budget that includes a €780 (about $900) per month universal basic income for Italian citizens.
The debt-ridden country will pay for the pledges by increasing its debt further; the new budget projects a deficit of 2.4 percent of GDP, far higher than the European Union’s 2 percent requirement.
There are fears that the chaos surrounding the budget could lead to the downfall of the government.
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