Does Guaranteeing a Basic Income Reduce Income Inequality?

Lessons from the Gini Index

Universal Basic Income (UBI) directly reduces income inequality.

Here are two preliminary findings from what I'm still working on:

(For a quick primer on the Gini index, how . . .

December 01, 2014

The Big Easy was noted for its low quality of life... Stop right there.

A response to Economic Innovation in New New Orleans

This is in response to the article "Economic Innovation in the 'New' New Orleans":

"Only a decade ago, the Big Easy was noted for its poor business climate, low quality of life..."

Woah, woah, woah... stop right there.

I think you're confusing quality of life with average . . .

November 26, 2014

Wouldn’t Unconditional Basic Income Just Cause Massive Inflation?

An answer to the response to the answer to the growing question of the 21st century

Read the article I published on Medium on November 24, 2014.

Summary: By far, the most common concern in regards to my first article on Medium about the idea of an unconditional basic income was that all prices would inevitably go up as a result, immediately reducing the value of each dollar and essentially creating a new zero. This . . .

November 24, 2014

Google Hangout with Me and Marlen Vargas Del Razo of Living Income Guaranteed

Video: Basic Income as Basic Resources

I was asked by Marlen Vargas Del Razo of Living Income Guaranteed to join her for a Live Google Hangout today about the topic of basic income as basic resources.

You can watch the video here:

November 23, 2014

The question of Shanesha Taylor and how she spent her $114,000 In response to the following news article: “The money is gone!” Teary mugshot drew$114K in donations, but prosecutors have taken back their deal

This is actually a good example of why basic income should be basic and unconditional, and not that basic income is a bad idea.

First of all, Shanesha received a one time lump sump . . .

November 21, 2014

The Federal Reserve Just Published a Paper Comparing UBI and UI

And the model it used is hugely flawed

The Federal Reserve Bank of St. Louis just released a November 2014 report comparing universal basic income and unemployment insurance, to determine which is better under varying conditions.

Before I go into their findings and how they arrived at their conclusion, here's their conclusion:

Conclusion

In this . . .

November 19, 2014

"Fit for Work and Fit to Die": A Memorial for the Means-Tested

True Stories from "There Had to Be a Better Way Than This"

It may sound like common sense to some, or even many, to expect someone to do work in exchange for benefits. But this force, as is true with any applied force, has its consequences - both intended and unintended.

A fellow human being who has witnessed these results first hand recently published a paper titled There Had to Be a Better . . .