This is why a social security net (ie. Welfare state) can actually be good for the economy. In fact, most western countries qualify as 'welfare states' when compared to 3rd world countries.
But this supports the whole idea of a basic income - if everyone is able to live without working, they can take risks such as going to University, starting a business, etc...
A lack of social net prevents risk taking and severly limits mobility, creating a 'have-not' class and keeping them there for the most part.
But this supports the whole idea of a basic income - if everyone is able to live without working, they can take risks such as going to University, starting a business, etc...
A lack of social net prevents risk taking and severly limits mobility, creating a 'have-not' class and keeping them there for the most part.