The concept of universal basic income (or UBI) - a regularly provided cash payment distributed without conditions to all individuals within a defined community - has a long history and an as yet unwritten future. As someone considered to be one of the world’s experts on the topic with
Article has some logic that makes sense, as does UBI in general.
However currently China is still far away from this, welfare is low compared to most european countries, lack of reliable welfare has contributed to their massive housing bubble, now deflating. Also, I read that Xi J is anti-welfare.
Really? He’s interventionist in general, so that surprises me.