Recently, there has been a pretty good amount of debate on the concept of Universal Basic Income i.e. giving certain amount of money unconditionally to everybody just for being a citizen. This concept has come into light after seeing the possibility of automation pushing humans away from the labor. The supporters argue that it is necessary as people would be jobless and and would have no source of income. However, the opposing side argues that this would cause inflation(a decrease in value of money) and hence would make no difference. And in short, both have very good points; its just that the opposing sides have thought a bit through the issue. Should government help people? Yes, absolutely. But will it help? Cannot be sure. How would UBI mean decrease in the value of money? If something costs a price, we value them according to the price we pay for it. But, we don't value things that we get for free. So, why should we value UBI? And also, the fact that...
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