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If you think basic income is "free money" or socialism, think again
First, saying basic income is socialism is as absurd as saying money is socialism. It's money. It's all it is. What do people do with money? They use it in markets. In other words, basic income is fuel for markets. Markets are a wonderful invention that
For Want of a Dollar
For want of a nail the shoe was lost. For want of a shoe the horse was lost. For want of a horse the rider was lost. For want of a rider the message was lost. For want of a message the battle was lost. For want of a battle
It’s Time to Shift the Economy into Fourth Gear Capitalism with Univeral Basic Income
The economy is in between gears right now, and that’s a growing problem because as is true with all higher gears, we could be accomplishing so much more with so much less and prosperity could be greatly increased for not only the lucky few, but everyone. What do I
The Cost of Universal Basic Income is the Net Transfer Amount, Not the Gross Price Tag
Imagine a group of 5 people. They have an income distribution of $10, $20, $30, $50, and $100. Someone gets the BIG idea [https://medium.com/basic-income/inequality-and-the-basic-income-guarantee-c8f84d936640] of everyone putting 40% of their money into a hat, and dividing the result equitably between everyone. That means $4, $8, $12,
Eating food will fail to reduce malnutrition, new report warns
The OECD recently published a report on basic income as a policy option for the future of work. It concluded that universal basic income would require large tax increases to avoid increasing poverty. Others have since picked up on the report with headlines like, "Universal basic income would fail
How to Reform Welfare and Taxes to Provide Every American Citizen with a Basic Income
A detailed funding plan for cross-partisan implementation of universal basic income in the United States Some of the most common questions ever asked in regards to the idea of a universal basic income (UBI) [https://www.weforum.org/agenda/2017/01/why-we-should-all-have-a-basic-income] are in regards to the details. “How much
Cutting the Gordian Knot of Technological Unemployment with Unconditional Basic Income
Invisible Sheep, the Missing Right, and the Return of Common Wealth The following essay is a pre-edited and updated version of my chapter published in the book: Surviving the Machine Age [https://amzn.to/3sPQG5k], published by Palgrave Macmillan. In the opening of the film 2001: A Space Odyssey, viewers
Is the solution to extreme wealth inequality really – Alaska?
This article was originally published on the World Economic Forum [https://www.weforum.org/agenda/2017/04/extreme-wealth-inequality-alaska-model/] Consider the following two headlines and the fact they describe events that are occurring simultaneously: “Grains piled on runways, parking lots, fields amid global glut [http://www.reuters.com/article/us-usa-grains-storage-analysis-idUSKBN17D0EO]” and
Basic Income is JUST Compensation
Let's say the cost to produce a widget is $1. What's the cost to produce 1 million widgets? This may sound like an extremely simple word problem that even some preschoolers could solve. However, if you think the answer is $1 million, you would be entirely
What if you got $1,000 a month, just for being alive? I decided to find out.
My father has a basic income. As a retired United States Air Force officer, he has received a paycheck from the US government every month for about 30 years now, since he was 42 years old. His government pension is a monthly starting point above the poverty line — an income
