I was once talking with one of my classmates and he said that in the future, there will be universal basic income implemented by entire world. I was not convinced at that time and thought he is just being stupid but given the layoffs happening and massive amount of unemployment, I am thinking about this possibility. What do you say?
I talked with my mother about this years ago. She confidently said, if you give people free money, nobody will do any work. I argued but she wouldn't budge.
She is now comfortably retired, and makes hats with her time, and sells them. But that's different.