Basic Income in the Netherlands: Can we afford it?

Basic Income in the Netherlands: Can we afford it?

An unconditional basic income for everyone. Can you imagine what that would be like? Everyone, from the age of 18 till the day they draw their last breath, receives a fixed monthly income from the government, with no strings attached. Just enough to satisfy your basic needs: housing, health insurance, education, clothing and food bills – let’s have a good look if basic income in the Netherlands is a viable thing…

If you like working, you can go out and enjoy a full-blown career, or a part-time job, working as many days a week as you like. You earn wages […]

Universal Basic Income Actually Threatens Tech, Mr. Musk

Universal Basic Income Actually Threatens Tech, Mr. Musk

This morning, I read an article on CNBC where the CEO of Tesla and notable entrepreneur whom I had always admired as an engineer, Elon Musk, advocated that there should be universal basic income (UBI) for people. He posited that it would lower the risk of backlash against the technology sector. Follow @mojtaba_arvin Elon Musk at Tesla facility in Fremont, CA

In spite of my admiration for Mr. Musk’s Tech skills, I believe that such a policy is going to be disastrous for the U.S. economy and even for the technoloyg sector in the long term. In fact, I am […]

How Should We Adapt to the Robot Revolution?

How Should We Adapt to the Robot Revolution?

Copyright: Brian Turner (Flickr) After years of frustration with its relatively slow pace of progress, artificial intelligence (AI) is finally beginning to deliver on expectations. Depending on who you ask, this is either cause for optimism – or horror . Putting dystopian visions of robots taking over the world aside, most observers are worried about the implications of how a workforce composed increasingly of robots will transform society and the economy.

Bill Gates has now jumped into the fray, suggesting that governments should tax robots to fund training for people replaced by robots. Rather than having a knee-jerk reaction to […]

Guaranteed income for citizens whether they work or not – good idea?

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Originally posted by ml1209:
Originally posted by Sig209:

This.I agree it is pretty much a bad idea – but the concept is not flawed – IN CONCEPT.Devil’s Advocate: say 30 years from now 80% of ALL jobs are eliminated due to robotics and enhanced AI. Cashiers, agriculture, manufacturing, healthcare, pilots, truckers, etc. Even soldiers are not needed due to robots… That’s a couple hundred thousand right there.Stuff still gets done – it just isn’t done by PEOPLE. Robots are fixing / programming the broken robots at that point. What do those hundreds of millions […]

Universal Basic Income Actually Threatens Tech, Mr. Musk

Universal Basic Income Actually Threatens Tech, Mr. Musk

This morning, I read an article on CNBC where the CEO of Tesla and notable entrepreneur whom I had always admired as an engineer, Elon Musk, advocated that there should be universal basic income (UBI) for people. He posited that it would lower the risk of backlash against the technology sector. Elon Musk at Tesla facility in Fremont, CA In spite of my admiration for Mr. Musk’s Tech skills, I believe that such a policy is going to be disastrous for the U.S. economy and even for the technoloyg sector in the long term. In fact, I am surprised […]

Top Glasgow University economics expert hails Universal Basic Income proposals

Top Glasgow University economics expert hails Universal Basic Income proposals

Professor Sayantan Ghosal is from Glasgow University One of Glasgow University’s top economics professors has said that proposals to trial a system which would provide a guaranteed income to all residents across the city should be “applauded and encouraged”.

Professor Sayantan Ghosal has said that a proposal made by Labour to trial a Universal Basic Income (UBI) in Glasgow could be a huge boost for the city.

The trial would see randomly selected citizens from the Labour-run Glasgow City council district given a set sum of money each month, regardless of their employment status.Professor Ghosal thinks Glasgow is an ideal place […]

Universal Basic Income Becoming Reality? with English subtitles

ONE OF THE BIG PICTURE PROGRESSIVE IDEAS THAT HAS BEEN

OFTEN THEORIZED AND DISCUSSED BUT RARELY PUT INTO PRACTICE IS

THE IDEA OF A BASIC INCOME, BUT ANOTHER EXPERIMENT IN BASICINCOME IS ABOUT TO BE STARTED RIGHT NOW IN FINLAND WHERE THEYWILL BE TESTING IT OUT WITH ABOUT 2000 OF THEIR CITIZENS.THE BASIC INCOME IDEA CAN COME IN MANY DIFFERENT FORMS, BUT THEBASIC IDEA IS THAT PEOPLE WILL RECEIVE GOVERNMENT MONEY, LIKE AFORM OF A WELFARE PAYMENT OR SOMETHING LIKE THAT, REGARDLESSOF EMPLOYMENT STATUS, A SORT OF MINIMUM INCOME THEY WILLRECEIVE.IN SOME EXPERIMENTS IT IS NOT FOR EVERYBODY, IN THISCASE IT […]

Mark Cuban calls universal basic income ‘one of the worst possible responses’ to robot automation

Mark Cuban calls universal basic income ‘one of the worst possible responses’ to robot automation

Economists predict robotic automation and advances in artificial intelligence could lead to widespread job loss in the coming decades, but billionaire investor Mark Cuban doesn’t think universal basic income (UBI) is the solution.

The Dallas Mavericks owner tweeted on February 20 that basic income is “one of the worst possible responses” to the threat of worker displacement.

UBI is a system of income distribution in which everyone receives a set amount of money, on a regular basis, just for being alive. People can use the money however they want, but the overall goal is to boost people’s well-being and reduce poverty […]

Mark Cuban calls universal basic income ‘one of the worst possible responses’ to robot automation

Mark Cuban calls universal basic income 'one of the worst possible responses' to robot automation

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Basic income ‘the worst possible response’ to job losses from robots

Basic income ‘the worst possible response’ to job losses from robots

Advocates of UBI say it’s a better option than the current system of welfare in many countries and does not disincentivize people from working. Santens tweeted an infographic in which he showed entrepreneurship jumping as a result of UBI. In his tweet, he said Namibia saw self-employment jump 301 percent when given basic income, while in Liberia, a third of recipients started their own business. It’s unclear where Santens sourced this information or the timeline for these rises. Santens is yet to reply to a request for comment from CNBC.

Cuban said he has spent a “lot of time looking” […]