Category: Basic Income

The path to achieving a truly universal basic income

Wednesday, 8 February 2017, 1:29 pm
Article: Adam Parsons Image credit: stevendepolo, flickr creative commons
Is it a viable prospect to create a direct mechanism for transferring a universal basic income to all the world’s people? Not before we bring about a huge united voice of ordinary citizens in favour of sharing the world’s resources to end hunger and life-threatening poverty once and for all, argues Adam Parsons. The following article is an edited version of a talk given at the World Basic Income conference held […]

Full Post at www.scoop.co.nz

A basic wage would give confidence to the start-up economy, knowing there is a safety net during the no-income early phase. Belinda Pratten by Brian Toohey

At first glance, giving everyone a government handout called a Universal Basic Income seems a bad idea. Although a UBI is yet to gain mainstream acceptance, it’s gathering momentum among entrepreneurs in Australia, the US and Europe as well as in libertarian and social democrat circles. A leading Australian investor, Mark Carnegie, sees a UBI as a creative response to the loss of traditional full-time jobs in an era of disruptive economic change. So […]

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Every single day, approximately 22,000 children die from extreme poverty. The adoption of a UBI system could decrease that number over time

While some skeptics think that a UBI would lead to laziness or excessive spending, studies have shown that the opposite typically occurs

A New UBI With the growing popularity of blockchains , it’s no surprise that they have a new, very useful application, i.e. a global distribution of wealth. Recently, the Grantcoin Foundation, a U.S. based nonprofit organization, implemented a universal basic income (UBI) program that uses blockchain-based digital currency.Basic Income grants (in the form of the […]

Full Post at futurism.com

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AP

It might seem odd for tech entrepreneurs to take an interest in income distribution policy. But an increasing number of high-profile Silicon Valley executives are endorsing universal basic income (UBI), a system in which everyone receives a standard amount of money just for being alive.

On the one hand, it’s a way to reduce poverty, but tech folks also see it as a way to solvethe growing problem of robot automation. That issue hits close to home for many of them, because they are the ones largely driving this robot revolution.Here are some of the highest-profile entrepreneurs who have endorsed […]

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Universal Basic Income is only affordable in wealthy nations, and those need a reliable income source for that to happen (Norway, Kuwait, Finland, UAE…). I am more favorable to the voucher system, it’s a much more efficient welfare system.

Universal basic income is only affordable in NO nations. It will never be practical until all jobs are completely automated. That’s not going to happen without a complete overhaul of the world’s economic systems. Which isn’t going to happen as long as people work. Anyways, you get the point, I’m sure. There is no point in having universal income, because […]

Full Post at forum.nationstates.net

Pierre Omidyar receives the Carnegie Medal of Philanthropy in 2011. Source: Getty Support for Universal Basic Income has increased considerably in the past few years, sparked by stark changes in the labor landscape. The idea is simple, and it solves the question of how you’d earn money if machines are handling much of the labor load. Everybody receives a check, like Social Security, to supplement income.

There has never been any test of how well UBI works on a large scale, because of cost. And without data, the utility and best applications of UBI remain unclear.

To that end, on Tuesday, […]

Full Post at finance.yahoo.com

UBI is the key to finding the next Mark Zuckerberg ​“Why do I exist?”: a question that has preoccupied the greatest minds, and the rest of us after a heavy night out, since time immemorial. Today, it appears the answer is to simply make a lot of money for Google and Facebook .

You and I are the raw material for these social media companies. Those baby photos, the birthday party invites and the self-indulgent status updates are the coal, iron and steel of the fourth industrial revolution.

Facebook, Google and other major technology firms harvest the raw data you produce […]

Full Post at www.independent.co.uk

The idea of universal basic income was largely ignored by Americans for forty years before it started to get traction again as a byproduct of conversations about automation and the end of the traditional manufacturing sector. Bernie Sanders popularized the pseudo-policy proposal in 2016, rallying supporters around the idea of an American social democracy. He didn’t win the primary. Which is not to say that the notion of paying citizens for being citizens is a wholly radical idea. Liberals have traditionally championed Social Security and Medicare, entitlement programs that offer state benefits to citizens in return for nothing (well, […]

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