Basic Income: a simple and powerful idea for the twenty-first century
Building a political coalition around the idea of basic income would help end the resentment of those in work contributing to support those who are not able to work or cannot find jobs. Payment of a basic income to everyone would price workers into many more jobs which at present do not pay enough for people to live on.
The most compelling argument for the UBI stems from our evolving social and economic organisation. Radical advances in digital technologies, robotics and artificial intelligence will transform our society beyond our capacity to imagine at this point. Already, new technologies are undermining an array of middle-wage paying, middle-skill level occupations, not just low paid and low skilled ones.
Giving everyone $15,000 would put everyone on the same level. They could do with it whatever they wanted, but having the financial security of some basic money to live on, would give them the opportunity to work on what they want. Work is everything,
Guaranteed income is the kind of radical idea we urgently need
I am a big fan of work programs and universal basic income. Government and society has a role to play in ensuring a smooth transition between technological disruption. We can have a society where there are tons of jobs for everyone. There is always going to be stuff to do. It is a matter of making sure that when someone was doing one thing and they were used to doing that thing, there are useful transitions to being able to do something new.
An UBI within striking distance of the poverty level, as commonly understood, would, conceptually, be affordable without aggressively attacking the fortunes of upper income Americans and without raising anyone’s effective marginal tax rates
I happen to think universal basic income and a high minimum wage work well in combination to produce tighter labor markets, more consumer spending power, and if McDonald's want to lure you out of your rock band or off your couch to go and cook french fries, they ought to have to pay a premium for that.
Basic income is not a utopia. It's a practical business plan for the next step of the human journey
I support a minimum basic income, which was actually proposed by none other than President Richard Nixon and conservative economist Milton Friedman.
I think if we were to implement a Basic Income Guarantee we might save more money in psychiatric care than we think
I think the main reason there should be universal basic income is that it's very important to have a cash safetynet that is extensive and universal.
I think these impacts will grow as we build more sophisticated machines able to do ‘mundane’ jobs. My suspicion is that more countries will have to follow Finland’s lead in exploring basic income guarantees for people. In short, my biggest worry about AI is its capacity to amplify the already growing gulf between rich and poor.
I’m supportive of the idea of a basic income over the long term and believe that one day something of this size will likely be necessary to cope with the impact of automation and globalized trade on the United States.
If conservatives really want to do away with “wasteful” and “overly bureaucratic” social services in the U.S. - services like Medicaid, Social Security and foodstamps - there’s an easy alternative. It’s simple. It encourages personal responsibility. And it will do away with our current mess of programs that make up our social safety net. All we have to do is guarantee every person a universal, and unconditional, minimum income.
In the 1970s, a five-year basic income program in the Canadian province of Manitoba called Mincome showed promising results. Parents spent more time raising children. Students showed higher test scores and lower dropout rates. Hospital visits, mental illness, car accidents, and domestic abuse cases all declined. And in the end, total working hours only slipped by a few percentage points. In other words, having a basic income didn’t lead to sloth or indolence. It let people spend time on the things that mattered: family, education, health, personal fulfillment. If the robots do take our jobs one day—but give us back some of those things in return—it might not be such a bad trade after all.
if we had a basic income wouldn't that inspire you to work rather then take away your incentive? It would keep you from gettign captured in a dead-end job doing the same thing over. Then you would have the courage to go to school, you would have the courage to create new economies.
Universal income would facilitate a new economic fairness and stability to a financial system careening out of control
In the most fundamental sense, I think an unconditional basic income should be for everybody in the world. I mean I think you should have a goal of a basic income.
Instead we should spend money where it’s needed most – our collapsing infrastructure for instance, health care for an aging generation and perhaps on a revolutionary new idea called UBI – Universal Basic Income. If more and more workers are going to be displaced by robots, then they will need money to live on, will they not?
It could be a solution - not today, not tomorrow, but in a society which has changed fundamentally by digitization. I try not to think in rigid structures, but to see what is changing in the world and how we might react when things arrive as we expect. We have to protect our society. That's why the idea of a basic income.
Moderates within the Labour Party shouldn’t be afraid to embrace radical ideas. I’m coming out for Basic Income.
One way to think about a basic income is as follows: it removes a currently binding constraint on time optimization for many individuals allowing them to escape a local minimum – that in turn lets the economy as a whole adjust much faster (and with far less pain).
Paying everyone a basic income will end poverty and save money
When people ask me what HR technology or program excites me most, I tell them: universal basic income.
The assurance of basic income could be a comfort to those who have anxiety about systemic transition; so that people need not fear losing their job in the oil and gas sector, because everyone will be allowed a basic living.
Europe needs radical social reform, including a basic income
The time has come for the provinces and territories to dismantle what has become an understaffed, stressed, and ineffective bureaucratic system that hurts more than it helps. There exist several viable models for a basic income – administered through the tax system – that would eliminate the bureaucracy, the intrusiveness, and the stigma associated with welfare. Our recommendations include this significant, forward-thinking plan, as well as several other common-sense actions.
There is a strong practical case for the Basic Income – it underpins security, replaces the complexity of the current system, and provides a platform for freedom and creativity.
[With basic income,] people can rest and recover their freedom. Thus basic income would also unleash innovation [and relieve people from their] existential fears.
Guaranteed minimum wage […] would relieve a whole lot of stress for a lot of working people and poor people
UBI is designed to deliver a benefit, which would insulate workers from the shocks of a stop-and-start economy
[I am] speaking out more lately for measures to deal with inequality – such as a basic income guarantee policy – because others don’t.
We'll have to develop – and develop ourselves towards – a society where it'll be possible to guarantee the income level and well-being of people without ravaging the labour markets. And the solution will be a basic income scheme – be it this one or another one
India should consider replacing inefficient subsidies with a basic monthly income for all citizens
I think it’s good to start studying [basic income] early. I’m fairly confident that at some point in the future, as technology continues to eliminate traditional jobs and massive new wealth gets created, we’re going to see some version of this at a national scale.
David Spiegelhalter disagrees: We should avoid to eat too burnt toasts/chips/potatoes because it could produce cancerAdults with the highest consumption of acrylamide could consume 160 times as much and still only be at a level that toxicologists think unlikely to cause increased tumours in mice. [...] People may just consider this yet another scare story from scientists, and lead them to dismiss truly important warnings about, say, the harms from obesity
Researchers estimate that overweight and obesity are behind around 18,000 cases of cancer each year in the UK
FoodStandardsAgency agrees: We should avoid to eat too burnt toasts/chips/potatoes because it could produce cancerPeople can cut their risk, including opting for a gold colour - rather than darker brown - when frying, roasting, baking, grilling or toasting
Cancer Research UK disagrees: We should avoid to eat too burnt toasts/chips/potatoes because it could produce cancerThe link between acrylamide and cancer has not yet been proven in humans
Eliezer Yudkowsky agrees: Advanced artificial intelligence poses a serious risk to society within the next 50 yearsYudkowsky argues that as AI systems become increasingly intelligent, new formal tools will be needed in order to avert default incentives for harmful behavior, as well as to inductively teach correct behavior.
Daniel C. Dennett agrees: Advanced artificial intelligence poses a serious risk to society within the next 50 yearsThe real danger, then, is not machines that are more intelligent than we are usurping our role as captains of our destinies. The real danger is basically clueless machines being cededauthority far beyond their competence.
Gordon Moore disagrees: Advanced artificial intelligence poses a serious risk to society within the next 50 yearsThe singularity is unlikely ever to occur because of the complexity with which the human brain operates
Babak Hodjat disagrees: Advanced artificial intelligence poses a serious risk to society within the next 50 yearsAI is no more or less dangerous than any other one of humanity’s inventions, and so far, the verdict on human technology has been pretty positive
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