Can the “Allocative Effect” of a UBI Restore the American Dream? And Is Now the Right Time?

The Great Resignation is the messenger of change.

Nathan Dumlao Unsplash

I am not a financial wizard by any means but I do have two pennies worth of salt to add for due consideration in how to save the national economy and restore the American dream. So listen all yee folks!

My last post ended with a promise of an argument for the UBI (Universal Basic Income) said at the risk of being called a ”socialist”. The term ”socialist’ is thrown around on any occasion for any reason, seeming completely arbitrary. I ask Facebook frequent throwers to define what they mean, but thus far I have not received an answer.

My definition is based on the root of socialism- which is social, which has to do with society, which is composed of people, leading to the practical meaning of the word “socialism” as policy-making to benefit the people. Those throwing the socialist signifier about accusingly, shift to Communism, or control of the people by the State - in the name of the people. Statism is the inevitable danger in any governmental system that absorbs…