Loading ...Wealth is created by individuals and businesses working for their own gain, to the benefit of society overall. The job of the government and the central bank are simply to create the conditions necessary for people to prosper. They are not doing a very good job at it, judging by the price of gold.
The incentive to prosper for ones self interest is what creates wealth for all ,it is the antithesis of Communism .Communism promises you gain by living off someone else labor ,give them your support and they promise to take from the productive and give it to you ,they succeed until there’s no one left willing to be productive and everybody wants to receive .They all descend into poverty.
Printing money for a basic income takes from the productive any incentive to work and spreads the income so they all receive until, no one wants to work …what for ? The money loses its value,it no longer represents anything tangible ,when nobody worked for it. example: my brother in Law wanted an employee to work on Saturday paying overtime ,so he gave him a raise as incentive ,so what happened was now the guy didnt show up on Friday either ; because he now made enough to live on in 4 days instead of 5 ..forget about coming in on Saturday altogether…!