Here’s a taste of liberal logic. A California city recently declared bankruptcy. They did this after more than two decades of aggressive liberal policies and social assistance programs. In the face of those policies, they saw poverty rates explode exponentially, and now they face one of the worst poverty epidemics in the country. They have solid numbers and definitive proof that their liberal efforts haven’t just failed; they have actively contributed to the problem. What is their solution? They’re going to double down on social programs and instill a universal basic income that they already can’t afford.
The announcement came from Stockton, CA, just recently. They haven’t yet said who will get the money or how they will pay for it, but the plan is for a monthly, no strings attached, stipend. This is in a region where welfare attempts have proven to decrease employment and overall economic stability.
The worst part of this debacle is that universal basic income is a bastardization of good economic principles. Many places have used monetary incentives to maintain a sufficient workforce, and places like Alaska have used economic prosperity to effectively supply liquid assets to residents. What California is proposing is not the same thing, and its inevitable failure will ultimately stem from the lack of financial sense behind it.
This video will explain the details of the plan that have been released so far. Watch and see what real experts expect to see and why the California government appears to be circling the drain.
