Universal Basic Income. Don't be condescending, Mike Hosking
I have tried to follow Mr Hoskins simple logic on why an UBI is not a good idea. One of his arguments is that UBI would be squandering the money on (rich) people who do not need it. However, at the same time he condones the fact that people in need shouldn't get anything either. Logic of reverse conclusion obtrudes. This is a fine example of the ultimatum game where Hosking sees himself unfairly treated. Interestingly is he one of those who might not need an UBI.