Why Guaranteed Minimum Income Simply Doesn’t Work!

Published on 12 May 2017

Josh Sigurdson sits down with author and economic analyst John Sneisen to talk about the failure of “guaranteed minimum income” and why it simply doesn’t work.
As countries and towns throughout the world push trial runs of GMI, it’s important to break down what this will indeed lead to.
It’s quite simple really. When you extort tax payers, the hardest working people to give equal benefit to those who do not work, you cause there to lack any reason to actually innovate, it’s the “don’t feed the bears” notion in a nutshell.