Universal Basic Income (UBI) – Musk, Zuckerberg, and now Richard Branson all support it in some form.
UBIs sounds good on the surface, but these plans are infected with the virus that could easily, over time, destroy freedom in America.
There is a better plan…
Billionaire Richard Branson Weighs in on Free Cash Handouts Aug 16, 2017 – Excerpts:
Billionaire entrepreneur Richard Branson is the latest in a string of iconic businessmen to talk about cash handouts, or universal basic income, as a solution to jobs being replaced by technology.
“With the acceleration of [artificial intelligence] and other new technology … the world is changing fast,” Branson writes in a post published this week.
“A lot of exciting new innovations are going to be created, which will generate a lot of opportunities and a lot of wealth, but there is a real danger it could also reduce the amount of jobs,” he says.
“This will make experimenting with ideas like basic income even more important in the years to come.”
The positive: Universal Basic Income (UBI) plans do provide a mechanism to deliver a basic stipend for people. This monthly stipend is normally designed to replace certain social welfare payments, so it does allow for the direct allocation of resources by the people.
The negatives: The UBI plans are very light on details regarding how much government assistance (social welfare) these plans would eliminate. They may therefore have very little impact on America’s entitlement spending crisis.
UBI plans would do very little, if anything, to:
- Eliminate vast tracts of debt at the family level.
- Generate massive government tax revenue growth and trillion dollar government budget surpluses.
- Reignite powerful economic growth in America.
Lastly, and most importantly, UBI plans, with their modest stipends, would keep people dependent upon government for their monthly handout trickle. Government dependence means government control. They would keep people shackled by debt to credit institutions.
UBIs would not advance the cause of economic liberty in America.
UBIs would, over time, lead to a freedom-crushing control of government and land the banking industry over citizens.
The Leviticus 25 Plan, on the other hand, grants citizens a direct access to liquidity on scale that would deliver massive debt reduction at the family level. It would therefore free citizens, significantly, from the shackles of debt.
It would generate massive tax revenue growth – with an astounding $1.02 trillion in government budget surpluses over the first five years in force.
It would re-fire America’s economic engine, generating explosive growth with long-term sustainability.
It would allow for a citizen-centered health care system, providing citizens with the freedom to allocate resources directly for the majority of their primary care needs and basic out-patient healthcare services.
And most importantly:
The Leviticus 25 Plan would restore economic liberty in America.
The time is now…
The Leviticus 25 Plan 2018 – $75,000 per U.S. citizen