scribed is both technically feasible and administratively responsible as long as the Universal Income is accompanied by a raft of economic calming policies comprising:

• A substantial Financial Transactions Tax to manage speculative investment, and provide the basis for effective exchange rate management
  
• Reserve Bank activity to sterilise the excess growth of deposits in the banking system
  

UUI/UBI - A Revolution of Human Consciousness

Patrick Danahey, Nelson
"If all people are to be rulers, which is what democracy means, then all people must be educated as rulers; nine tenths of them cannot continue to be trained as slaves. The alternative to educating all people as rulers is to return to a government in which a small elite will rule the great uneducated, slavish masses. This will represent a tacit, if not an explicit, agreement, with an ancient Greek conviction that some men are by nature fit only to be slaves. In the judgement of perrenialists, we are operating our schools as if most people were fit only for servile occupations, not for the obligations of free citizenship." Hutchins, The Conflict in Education, p.66
If one understands the following:

•     That democracy means a form of government in which the supreme power is vested in the people collectively (Gk. Demokratea demos=people; krateo=to rule) not