“The problem with UBI is, you're creating a slippery slide transfer straight into socialism. The moment people can start voting themselves money, combined with democracy. It's a matter of time before the bottom 51 votes themselves top 49. The moment you start having a direct transfer mechanism like that in democracy, you're basically doing away with capitalism which is the engine of economic growth.”
Tagged: Economics

Explore more quotes:

About the author

This page was created by our editorial team. Each page is manually curated, researched, collected, and issued by our staff writers. Quotes contained on this page have been double checked for their citations, their accuracy and the impact it will have on our readers.

Kelly Peacock is an accomplished poet and social media expert based in Brooklyn, New York. Kelly has a Bachelor's degree in creative writing from Farieligh Dickinson University and has contributed to many literary and cultural publications. Kelly assists on a wide variety of quote inputting and social media functions for Quote Catalog. Visit her personal website here.

Kendra Syrdal is a writer, editor, partner, and senior publisher for The Thought & Expression Company. Over the last few years she has been personally responsible for writing, editing, and producing over 30+ million pageviews on Thought Catalog.