More Calls for basic income

Discussion in 'General Discussions' started by Raymond, Nov 20, 2016.

  1. Raymond

    Raymond Well-Known Member

    CBC News

    ...Jennery wants governments, non-governmental organizations and businesses to have an engaged conversation about economic issues and the price of food.

    "It means looking at those numbers, frankly, with expertise that we don't have and understanding how we get people to a better place," he said..."

    Full article:
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  2. RayR

    RayR Administrator

    This idea of a basic income guarantee  —  an amount of money given to all without any conditions aside from mostly citizenship (and perhaps age)  —  is an idea that has been around for centuries and yet only recently is really starting to noticeably catch fire in the minds of the public at large. It is being referred to in such terms as “an idea whose time has come,” “an end to poverty,” and “venture capital for the people.” Fast Company has dubbed it a “bipartisan world changing idea.” The New York Times has even asked, “Why Not Utopia?” in light of growing warnings of structural unemployment due to accelerating technological advancements like self-driving cars and artificial intelligence. Outlet after outlet is beginning to seriously discuss this policy once considered outside the Overton Window of political possibility.

    So what’s all the fuss? Is basic income really that powerful of an idea?

    The short answer is yes, it really is that powerful of an idea. It’s such a powerful idea for the same reason it has even been suggested in a conference full of economists as the best tool for reducing human trafficking. That reason is actually quite simple, but very far reaching. As long as we face starvation and homelessness, we are at the whims of others.

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  3. Raymond

    Raymond Well-Known Member

    Finland launches a test program:

    "...Furthermore, the Finnish government, as well as UBI advocates, may see how this program can end up saving more money for Finland in the long run — as it is less costly than maintaining social welfare services for the unemployed. “Some people think basic income will solve every problem under the sun, and some people think it’s from the hand of Satan and will destroy our work ethic,” said Olli Kangas, who oversees research at Kela, about the program. “I’m hoping we can create some knowledge on this issue.”

    Then, of course, there is the looming issue of job loss due to automation. Many UBI proponents, including tech entrepreneurs Elon Musk (Tesla and SpaceX) and Sam Altman (Y Combinator), see the program as the only solution to the problem..."
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  4. RayR

    RayR Administrator

    • The CEO of Deutsche Telekom believes a universal basic income would encourage entrepreneurship and self-employment.
    • He argues that current social welfare systems in place are ill equipped to handle the unemployment that automation and digitization could bring about.
    I don’t think that a basic income would lead to a society of slackers. Humans define themselves through their tasks. By using activities to make their lives meaningful. This might therefore encourage entrepreneurship and self-employment. […] There’s no such thing as a free lunch! We can’t introduce a basic income and leave everything else – taxation, social security systems – exactly as it is. I think that saying taxes on profits must be the basis for a socially just system is a statement of the obvious. It’s all to do with justice, fairness, and solidarity. We must all ensure stability and social cohesion.

    mdomba, Jenny L, Ellen and 1 other person like this.

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