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Universal Basic Income – Is This Good Banking?

Positive Future #32 (Feature photo – City of Glasgow – CCA SA 2.0 Generic) Scotland is about to test giving certain people a universal basic income – unconditional cash payments to live on – for those unemployed and at the bottoms of the pay scale. The idea is that everyone has a basic standard of living and that many of the dollars used will be directed out of existing (inefficient) welfare bureaucracies. If those at the lowest economic level spend more, it is called cash flow. Cash flow is the basic principal of banking – without cash flow nothing happens. It will be interesting to see if these experiments lead…

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