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European Union Leaning Toward Guaranteed Minimum Income

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Money and earthThe Daily Bell

The European Union seeks to mandate a basic income. We’d like to see the EU done away with, so from our point of view a basic income is a non-starter. But the EU obviously thinks it is a good idea,

Why? Because it will pretty much end a lot of the agitation against the EU. Or at least that’s the idea. If you are receiving an income from the EU it is harder to argue that you ought to leave it.

In a sense, the idea is an admission that the current central banking  economy doesn’t work very well. Southern Europe in particular is ravaged by unemployment. At one point, upwards of 50 percent of young people were said to be out of work.

Additionally there is a good deal of social dumping going on. This is a term that describes using migrant workers, especially from the Middle East, to replace higher-wage local workers.

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