"I think we need to do something different and what I have proposed is that eventually were going to have to move toward a Guaranteed Income where everybody is guaranteed at least some livable income in our society."
Universal basic income (UBI) is a social welfare proposal in which all members of a given population regularly receive a minimum income in the form of an unconditional transfer payment, i.e., without a means test or need to perform work. In contrast, a guaranteed minimum income (GMI) is paid only to those who do not already receive an income that is enough to live on. A UBI would be received indep
"When the production process demands less work and distributes less and less wages, it gradually becomes obvious that the right to an income can no longer be reserved for those who have a job; nor, most importantly, can the level of incomes be made to depend on the quantity of work furnished by each person. Hence the idea of guaranteeing an income to every citizen which is not linked to work, or the quantity of work done."
Basic income"With a basic income, more people can choose for themselves whether to work full-time or part-time, making their own tradeoffs between more money and more leisure."
Basic income"Basic income grants freedom and security without strings attached. It automatically supplements low wages without bureaucracy or complex wage subsidies."
Basic income"Jobs for every American" is doomed to failure because of modern automation and production. We ought to recognize it and create an income-maintenance system so every single American has the dignity and the wherewithal for shelter, basic food, and medical care. I’m talking about welfare for all."
Basic income"The State ... should not stifle incentive, opportunity, responsibility; in establishing a national minimum, it should leave room and encouragement for voluntary action by each individual to provide more than that minimum for himself and his family."
Basic income"If you can provide a mechanism where anybody can try any commercial idea without risking becoming homeless and indebted, more people will innovate and take risks."
Basic income