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Launching QuietGrowth

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Saturday, April 25, 2020

UBI, poverty and population control

Universal Basic Income (UBI) is not sustainable in high population nations that are not rich. For example, in India, Bangladesh, Pakistan and many African countries. Population Control norms such as heavily disincentivising a family from having more than two children are the only long-term, minimal requirements for UBI to become an implementable idea in such nations.

I find it foolish when some people speak about implementing UBI in countries like India, without discussing population control.

Morever, short-term and medium-term increase in poverty due to the prolonged corona virus pandemic is a certainty. In this context too, population control measures, such as heavily disincentivising more than two children per family, is now more relevant in high-population nations that are not rich.

Friday, April 24, 2020

Who will bear the brunt of this global pandemic?

The biggest sufferers of this global pandemic are poor people who are elderly. The second biggest sufferers are poor people who are young. The gains made in poverty alleviation in the last few years will be reversed. Income inequality will increase in a few places and might fall in a few other areas, and it's not an important topic to discuss compared to poverty alleviation.

The poor and middle-class people will take calculated risks towards work, and many of them will pay the price by getting themselves infected with the virus. Almost all Governments (except rich countries and the US, which has US Dollar, the world reserve currency) have minimal room to address the dire needs of the majority of the citizens. The information about the virus that we know is limited, and we can safely say that the economic recovery will take at least a year.