General
Will a G7 nation launch a permanent, nationwide, unconditional Universal Basic Income (UBI) program before the end of 2030?
An economics prediction on the adoption of a radical labor and welfare policy in a major industrialized nation.
44 total votes
Analysis
UBI: Permanent Launch by a G7 Nation by 2030?
The concept of Universal Basic Income (UBI) has gained intellectual support, but its political and economic hurdles are immense. This prediction asks if a G7 nation (Canada, France, Germany, Italy, Japan, UK, US) will launch a permanent, nationwide, unconditional UBI program before the end of 2030.
The Fiscal Reality
The overwhelming 'No' vote is due to the astronomical cost. Even small-scale pilot programs in G7 countries demonstrated the immense fiscal burden. Launching a permanent, unconditional program nationwide would require massive tax hikes (e.g., doubling VAT or income tax rates) and the complete dismantling of existing complex welfare systems, a politically impossible task in a large, developed democracy within the next five years, despite the perceived need for automation-proofing the economy.