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Basic income will serve to reinforce this fabric and enable the risky ventures that will power us forward in the 21st century.

Maybe. But for an alternative view, see "Four Reasons a Guaranteed Annual Income Won't Work" (http://www.bloomberg.com/news/2013-12-04/four-reasons-a-guar...) and, although not strictly an alternative view, "What are some of the biggest problems with a guaranteed annual income?" (http://marginalrevolution.com/marginalrevolution/2013/11/wha...).

As so often happens, the devil is in the implementation and incentive details.

Based on my reading I think a guaranteed annual income is a good idea, but I'm agnostic on the question of whether a guaranteed annual income would work in practice.




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