The Political Charade of Feasting on the Rich's Money.
Populism is the technique by which politicians, in pursuit of immediate electoral gains, fling open the national coffers and foist the resulting bill, like a ticking time bomb, upon future generations 50 years hence who currently possess no franchise.
1. There Is No Free Lunch
Universal basic income, free healthcare, and tuition-free university education. These seductive opiates inevitably culminate in unsparing tax hikes or the issuance of national debt (inflation), thereby paralyzing national productivity. The chronic sovereign debt crises of the Southern European (PIGS) nations stand as a stark testament to this dire outcome.