Before I explain why this concept is going to be creeping into the political debate across the developed world, let me spell out how a system like this would look:
Every single adult member receives a weekly payment from the state, which is enough to live comfortably on. The only condition is citizenship and/or residency.
You get the basic income whether or not you’re employed, any wages you earn are additional.
The welfare bureaucracy is largely dismantled. No means testing, no signing on, no bullying young people into stacking shelves for free, no separate state pension.
Employment law is liberalised, as workers no longer need to fear dismissal.
People work for jobs that are available in order to increase their disposable income.
Large swathes of the economy are replaced by volunteerism, a continuation of the current trend.
The system would be harder to cheat when there’s only a single category of claimant, with no extraordinary allowances.
Via Sepp Hasslberger