Category: Basic Income

It will probably be necessary. If you put the UBI at the poverty line, feature a phase out for those at the top 20% of income, and consolidate SS and existent welfare programs, then factor in tax claw backs, the cost of UBI is reduced considerably:

Government Spending Details in $ billion: Federal State Local for 2017 – Charts

250,000,000 adults Each receiving $12,060 for a total of $3,015,000,000,000 Assume a linear phase out from the top 20% of income to the top 5% where there is no benefit (if you’re making this much money, […]

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as more and more jobs are becoming automated, the world faces a dramatic shift in the underlying structures of its labor economies over the next 20 to 50 years. the conversation is slowly becoming more prominent in the mainstream with several major figures highlighting the problem and proposing different solutions. elon musk maintains that the idea of a universal basic income is the best solution, while bill gates advocates for a robot tax… continue reading robot taxes and universal basic income: how do we manage our automated future? category: good thinking tags: robotics society law related articles: chemically-powered, autonomous […]

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Recently, Universal Basic Income has received a lot of publicity and the general belief is that it’s the solution to technological unemployment. While I agree that technological unemployment is an issue that must be dealt with I believe that a Negative Income Tax is a much more intelligent solution. I shall start by presenting the fundamental problems with Universal Basic Income before introducing the advantages of a Negative Income Tax.

Two fundamental problems with Universal Basic Income:

1. UBI pilot studies are fundamentally flawed: Let’s define the variable Y, the actual change in behaviour under UBI Pilot studies measure a proxy […]

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OTTAWA—As NDP leadership hopefuls prepare for their first debate on Sunday, Quebec MP Guy Caron is fleshing out his pitch for a basic income to reduce income inequality in Canada.Caron, an economist, is proposing a taxable supplement that would help those Canadians whose income levels fall below a standard minimum threshold, determined in part by the size of their family and the city they live in.He says the proposal would be designed to complement existing provincial and federal social programs, not replace them.Caron says 70 per cent of those people who are living in poverty are considered working poor: […]

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The 2017 publication Europe’s New Social Reality: the Case Against Universal Basic Income by Sage and Diamond – which can be downloaded from Policy Network online – cites an earlier 2015 Policy Network report which was most concerned about a “growing social, economic and political divergence” developing between the EU nations. In particular, the 2015 report suggested that slow economic growth and the increasing inequality of wealth were causing significant strain on EU governments and even the fabric of democracy itself. Sadly, their latest 2017 report indicates that little has changed.

The 2017 book focuses on the left, right and […]

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I’ll provide a little background first, and also some links for reference, but unfortunately they are in portuguese, so please use google translator if needed. English is not my native language so please correct any grammar mistakes so I can learn from them. I hope I can make myself understood well enough, as I’m aware that the way things are worded in an argument is very important to they way the whole argument gets interpreted.

I live in a third world country, Brazil, where the minimum wage isn’t enough to make a living, and inflation already went through the roof […]

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Daiga Kamerāde (Senior Lecturer in Quantitative Research Methods at the University of Salford) and Matthew R. Bennett (Lecturer in Social Policy at the University of Birmingham) have written a paper for the journal Work, Employment and Society in which they examine changes in the structure of the labor market and their impact on mental health and well-being.

Kamerāde and Bennett use data from the European Quality of Life Survey to analyze differences in mental health status between unemployed individuals in different nations, as well as between those who engaged in volunteer work and those who did not. (The dataset consisted […]

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For those not familiar with this old idiom, it means it’s less costly to avoid problems from ever happening in the first place, than it is to fix problems once they do. It also happens to be the entire logic behind the invention of the vaccine, and it is my belief that universal basic income has the same potential. The Most Cost-Effective Public Health Tool Ever Devised

The savings provided by vaccines are staggering to the point of almost being beyond comprehension. The human suffering avoided through vaccinations are immeasurable, but the economic benefits are not, and in fact […]

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