Already 40% of the U.S. population have demonstrated that they do not want to do productive work with their time. What additional percentage of those who are working will opt to do nothing productive if they given free money each month? 10%, 30%, 50%?
Even without their contribution we still have no one starving, no one freezing, and produce enough for export. So what work do we really need them to do, sell t-shirts? Besides, there is still a lot of volunteerism going on in this country.
Just another disincentive to produce. Most of that revenue at first will come from 2 percent of the population: the high-output, Super Producers. They don't like to be limited. They will move out, use creative accounting, etc. Revenue will gradually fall. The tax will be broadened to reach the middle class in a failed attempt to reach that $2800 per month. Upward mobility will be quashed... Resentment, capitulation...many will join the freeloaders....most of the Moderate Producers will become apathetic...As it already is in the US anyway, there is little interest in working. Gen X'ers waste 1.6 hours per day at work. Millennials waste 2 hours per day - 40 hours per month.
After waking up from their drunken stupor, the Swiss strongly reject that it's a good idea to give every citizen €27,000 a year to do nothing Latest: Swiss people reject plan to give every citizen €27,000 in cash per year http://www.irishexaminer.com/breaki...ry-citizen-27000-in-cash-per-year-738579.html