Interesting opinion, nothing that meshes with the actual largely indeterminate results of the Finish experiment [1] [2] [3] nor with the bulk of the other small scale examples [4].
Countries such as Australia with robust (compared to the US) welfare safety nets (not perfect by any means, but not to shabby overall) have proven to have strong long term GDP growth and to be resilient in the face of various global crisis events.
Good safety nets provide a place to regroup and do better - without being reduced to homeless and struggling to meet basic food and clothing needs.
Countries such as Australia with robust (compared to the US) welfare safety nets (not perfect by any means, but not to shabby overall) have proven to have strong long term GDP growth and to be resilient in the face of various global crisis events.
Good safety nets provide a place to regroup and do better - without being reduced to homeless and struggling to meet basic food and clothing needs.
[1] https://julkaisut.valtioneuvosto.fi/handle/10024/161361
[2] https://www.mckinsey.com/industries/public-and-social-sector...
[3] https://www.bruegel.org/blog-post/universal-basic-income-and...
[4] https://www.vox.com/future-perfect/2020/2/19/21112570/univer...