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Arguments for Basic Income
Basic Income would cure most of our current economic problems.
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The Wealthiest Are Getting Wealthier Three Times Faster Than Any Other Group

The denizens of Forbes' 400 Rich List and Billionaire's Row would have been ecstatic yesterday when French economist Thomas Piketty, much-heralded author of "Capital in the Twenty-First Century" made his debut at the Kennedy School of Government to a standing room crowd including Harvard faculty members and local investment managers. [...]
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Sorry CNN and David Wheeler, but a ‘Basic Income’ Wouldn’t End Poverty

Sorry CNN and David Wheeler, but a ‘Basic Income’ Wouldn’t End Poverty | Arguments for Basic Income | Scoop.it

According to a recent Congressional Research Services report, the federal and state governments spend over $1 trillion on welfare programs annually – excluding Social Security and Medicare spending. If replaced by an equivalent negative income tax, every household would receive a check for more than $6,500 per year.
 

Importantly, households would continue to receive these checks even if the householders earned more money. This means that people would no longer be penalized for trying to raise themselves out of poverty. On that level, at least, this would be a better welfare policy.

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Basic Income is not cutting welfare so we can give the wealthy a tax break, please stop conflating the two : BasicIncome

When I heard BI had bipartisan support, I was suspicious. Why would a racist like Charles Murray support an idea that seeks to take from those who sig...
Khannea Suntzu's insight:

When I heard BI had bipartisan support, I was suspicious. Why would a racist like Charles Murray support an idea that seeks to take from those who sign his paychecks? Well, because he doesn't.

Usually, you'll hear it pitched as a negative income tax. Basically, they want to cut all welfare spending and give it back in the form of a $10,000 tax break. Right off the bat, we might note that this makes the tax system that much more regressive, reducing the relative burden for the rich. Second, it pays for that by cutting essential welfare services such as food stamps and section 8 housing.
 

If you believe that SNAP and state run mental health services spend too much in administration and that money would be better delivered as cash payments, fine. Go ahead and make that argument. But, don't believe people who say that the only thing to do with that savings is reduce the tax burden of everyone, rich or poor. The net result of that is pretty obvious: less money for poor people.

If we extend this evil-goatee version of BI to it's natural conclusion, it demands we cut all services -- roads, police, public schools -- and return their costs as a tax break. Or, to set that intestinal rendering of a well known philosophy straight, we're just talking about minarchism. Now does the air-quotes support BI gets from libertarian godfather Milton Friedman make a little sense? They don't care about ending poverty -- in the purest distillations of the school, it doesn't matter simply because other people's suffering ain't your fucking problem -- they care about destroying the state for having the audacity to cost them money.
 

It's an extremely schizophrenic situation, this excitement about BI, where one faction wants to crush poverty with a proposal simple and effective as a sledgehammer, and the other just wants to get the rich a little richer at the expense of the poorest among us. So, when a frothing-the-mouth conservative comes endorsing a socialist idea like basic income, I'm just asking you to keep your eyes open around them, they're the only people I've ever seen who get a thrill out of robbing poor people for sport 

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About BIEN

Local Groups

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John Quiggin – Prospects of a Keynesian utopia

John Quiggin – Prospects of a Keynesian utopia | Arguments for Basic Income | Scoop.it
The 15-hour working week predicted by Keynes may soon be within our grasp – but are we ready for freedom from toil?
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Universal income unlikely under Labour - Latest Political News - Keep up with Newstalk ZB

Universal income unlikely under Labour -  Latest Political News - Keep up with Newstalk ZB | Arguments for Basic Income | Scoop.it
Mana's new policy of a universal basic income - paid to every Kiwi, tax-free - looks very unlikely to get a run under Labour.
Mana says welfare could ...
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Hughes, Brain @ Robots, unemployment, and basic income

Hughes, Brain @ Robots, unemployment, and basic income | Arguments for Basic Income | Scoop.it
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Report: Super Rich Are Actually Much Richer Than We Thought Thanks to Hidden Tax Havens

Report: Super Rich Are Actually Much Richer Than We Thought Thanks to Hidden Tax Havens | Arguments for Basic Income | Scoop.it
The super rich are richer than ever, but we – and likely, they – don’t even know how rich that is. Much of that money is stashed away in quasi-legal offshore tax havens which make it nearly impossible to properly account for. Tax havens are nothing new, of course. The rich have been using them […]
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Guy Standing: "the Precariat is growing angry"

Guy Standing: "the Precariat is growing angry" | Arguments for Basic Income | Scoop.it
    Guy Standing is Professor of Economic Security at the University of Bath and a founder member and co-president of the Basic Income Earth Network (BIEN), a non-governmental organisatio...
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Van Parijs: An unconditional basic income in Europe will help end the crisis

Van Parijs: An unconditional basic income in Europe will help end the crisis | Arguments for Basic Income | Scoop.it
In an interview given after the conference on the “Unconditional Basic Income” (UBI) organised in the European Economic and Social Committee, Phillippe Van Parijs argued that the EU should put in place such a basic income for all of its citizens, to help it escape the crisis, and to show that it is a community that “cares” for all its members.
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Would people still work?

Incentive

Khannea Suntzu's insight:

It seems that the entire argument against Basic Income relies on this statement being true — but all of the empirical evidence that has been gathered on Basic Income since the 1970's shows that people would still work. I would urge you to research the following case studies:
 

- “Mincome” (Manitoba, Canada)
https://www.youtube.com/watch?feature=player_embedded&v=pQ1CapAOu7M


- Pilot Project (Otjivero-Omitara, Namibia)
http://www.bignam.org/BIG_pilot.html


- Pilot Project (Madhya Pradesh, India) - http://www.guystanding.com/files/documents/Basic_Income_Pilots_in_India_note_for_inaugural.pdf


- "Office of Economic Opportunity Experiments" (Various States, USA) - http://www.usbig.net/papers/086-Levine-et-al-NIT-session.doc


- “Alaska Permanent Fund” (Alaska, USA) - http://www.fairsharecommonheritage.org/2011/08/23/poverty-and-the-alaska-permanent-fund-by-clifford-w-cobb/


- Pilot Project (Quatinga Velho, Brazil) - http://www.istr.org/resource/resmgr/siena_abstracts/analytical_report_of_three_.docx
 

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How to Cure Poverty, Permanently

How to Cure Poverty, Permanently | Arguments for Basic Income | Scoop.it
EspañolIn a world enamored with the idea of “social justice,”’ it’s a wonder why things haven’t really gotten better, except in those places where evil capitalism has been put to work. For all of the emotional rhetoric associated with the cause of the poor, the only system that appears to have ever actually brought people …
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Surviving the post-employment economy

Surviving the post-employment economy | Arguments for Basic Income | Scoop.it
The author argues that in the new economy, it's people, not skills or majors, that have lost value.
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Social Futurist revolution & the Zero State

Social Futurist revolution & the Zero State | Arguments for Basic Income | Scoop.it
We should do away with the absolutely specious notion that everybody has to earn a living. It is a fact today that one in ten thousand of us can make a technological breakthrough capable of support...
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What if the government guaranteed you an income?

What if the government guaranteed you an income? | Arguments for Basic Income | Scoop.it
David Wheeler says as middle-class careers continue to disappear, we need a monthly cash payment to everyone
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USBIG: Membership

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Victim of Its Own Success: German Jobs Program for Southern Europeans Falls Short - SPIEGEL ONLINE

Victim of Its Own Success: German Jobs Program for Southern Europeans Falls Short - SPIEGEL ONLINE | Arguments for Basic Income | Scoop.it
When Germany announced a program to attract jobless young adults from Southern Europe, they had no idea how high demand would be. Funding has temporarily run out for travel, training and language learning subsidies.
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What if the government guaranteed you an income?

What if the government guaranteed you an income? | Arguments for Basic Income | Scoop.it
David Wheeler says as middle-class careers continue to disappear, we need a monthly cash payment to everyone
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Facebook’s Purchase of Oculus is the New Best Example of 21st Century Inequality and the Need for Unconditional Basic Income

The purchase of Oculus by Facebook for $2 billion is the new best example of the growing inequality inherent in 21st century capitalism - what Paul Mason describes as the ...
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EU “has the power” to put in place a universal basic income

EU “has the power” to put in place a universal basic income | Arguments for Basic Income | Scoop.it
From Martin Luther King to Erich Fromm, the universal – or unconditional – basic income (UBI) has always had its supporters. The idea is not new. But the economic crisis has brought it back to the forefront “as a solution” to the most pressing issues facing the EU today.
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Cities Advance Their Fight Against Rising Inequality

Cities Advance Their Fight Against Rising Inequality | Arguments for Basic Income | Scoop.it
Cities across the country are considering proposals to tackle income inequality, but experts say localities have little control over the policy tools that could make the biggest impact.
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Finding Safe, Guaranteed Income — Investing Daily

Money is pouring into index annuities. They can be a good place to put some investment dollars. But too many people are buying the wrong annuities.
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“BASIC INCOME is the life-saving boat of a sinking global economy”

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It’s Official: Nobody in Power Cares What You Think Unless You’re Rich

It’s Official: Nobody in Power Cares What You Think Unless You’re Rich | Arguments for Basic Income | Scoop.it
Today, the idea of popular democracy seems more fairytale than fact.  It feels more like government of the rich people, by the rich people, for the rich people. But a study of 1,779 policy outcomes over two decades has come to a stark conclusion: it’s official – the collective opinion of ordinary citizens doesn’t matter. […]
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Let’s Face It: Anemic Job Creation Isn’t “Cyclical.” It’s the New Normal.

Let’s Face It: Anemic Job Creation Isn’t “Cyclical.” It’s the New Normal. | Arguments for Basic Income | Scoop.it
In the wake of last week’s job report, there has been a flurry of new debate about what precisely is keeping job creation in the United States so anemic. The pivotal issue is whether the challenges facing the job market are cyclical or structural. The cyclical hypothesis is that we...
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