Excellent answer: Universal Basic Income Solution For An Automated
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| MENTAL ILLNESSES HAVE BECOME A SERIOUS CONCERN | 12 hours ago · Gooddollar is a digital coin and wallet founded in September by Yoni Assia, the cofounder, and CEO of Etoro. It provides a digital form of universal basic income (UBI) . 17 hours ago · The right solution is to remove these unconstitutional infringements on liberty, then let the free market do what it is supposed to do, find a solution. If the government is serious about stimulating the economy, kill the personal income tax as a holiday for 18 months, and the corporate contributed income tax for 9 months. 2 days ago · Universal basic income, or UBI, is a payment made by the government to all adult individuals of a country to allow people to meet their basic needs; it is not means tested and is called by some as “social security for all”. It may be considered a radical idea, but it is not a new one. In fact, it dates back as far as t. |
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Universal Basic Income Solution For An Automated - words
UBI is not the right solution. The right solution is to remove these unconstitutional infringements on liberty, then let the free market do what it is supposed to do, find a solution. If the government is serious about stimulating the economy, kill the personal income tax as a holiday for 18 months, and the corporate contributed income tax for 9 months. The problem with UBI is the problem that UBI has where it has been tried, it leaches money off of those who actually do the work. View all posts by Brian Webb. You are commenting using your WordPress. You are commenting using your Google account. You are commenting using your Twitter account. You are commenting using your Facebook account. Notify me of new comments via email.Updated: Oct 25, It may be considered a radical idea, but it is not a new one.
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Proponents of UBI have existed throughout history on both sides of the political spectrum, from libertarian economist Milton Friedman to civil rights activist Dr Martin Luther King. UBI has also gained traction from the COVID induced global recession and has Soluion proposed as a way to address the issues of poverty, low wage work and provide economic support to the unemployed. There are a number of different models of UBI that have been crafted by various economists on both sides of the political spectrum.
Those who are libertarian economists believe it is a way to simplify the welfare system and minimise the size of Splution, in which each welfare recipient receives the same payment through a negative income tax. It is argued this will reduce the size of government bureaucracy, increase government efficiency and cost less than existing programs. This model of UBI is therefore not universal but replaces the current welfare system.
However, more radical proponents suggest UBI acts as a means of transitioning society from a market economy to a utopian communist society in which wage labour is eliminated. The idea is that if everyone receives a UBI payment and their basic needs are met, then people will be less pressured to do unrewarding work and will pursue careers that have a lower wage but provide more rewarding work. Eventually, unrewarding work would be automated and the wage for desirable work will fall to zero because people are willing to Foe it for free. In the long-term, wage labour will not exist and people will voluntarily carry out work that is rewarding.
The return of UBI to the national conversation, as spearheaded by Andrew Yang in the United States, is a result of growing concerns of automation in Organisation for Economic Co-operation and Development OECD economies and its permanent impact on structural unemployment. This will make numerous jobs obsolete leaving many unemployed and impoverished. This will exacerbate economic inequality and potentially de-stabilise society by skewing too many resources and opportunities into the hands of fewer people.
In Australia, the rate of underemployment those who are employed but are not being offered as many hours as they desire has been on the rise over the last 40 years. Underemployment is Fog highest for those aged Overall underemployment during the induced recession is now He argues a UBI will help the structurally unemployed, whose jobs became obsolete, to meet their basic needs and not fall below the poverty line.]
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