Universal Basic Income

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Concept.png Universal Basic Income Rdf-entity.pngRdf-icon.png
Universal Basic Income.jpg
Typeeconomic
AbbreviationUBI
Interest of• Sam Altman
• Guy Standing
• Andrew Stern
• Adair Turner
• Elina Valtonen

An unconditional basic income is given to citizens of a country because they are citizens, not conditional upon other qualifications. Some people have suggested that a universal basic income (UBI) would be a good way to eliminate poverty and deal with unemployment.

Universal Basic Income how it is.jpg

Public opinion

A majority of the public in several countries support the introduction of an unconditional basic income, including France.[1]

Pilot projects

Basic income pilots have been conducted in United States and Canada in the 1960s and 1970s, Namibia (from 2008) and India (from 2011).

Switzerland had a referendum on the topic in 2016 which rejected a UBI. Finland and Spain were conducting trials as of 2018.[2]

Iran

Iran was the first country to introduce a national basic income. Since Autumn 2010 it has paid an income to all citizens and replace the decades long system of subsidies of petrol, fuel, and other supplies. In 2012, the sum corresponded to about 40 U.S. dollars per person per month.

Vaccination

UBI-vaccine-mandation.png
Full article: Vaccination

With the Corona crisis and resulting economic struggles it is rather likely for UBI to find even more acceptance in the societies of strongly affected nations. At the same time it stands to reason that the unconditionality of it will be dropped and pay-out at one point in the future will be connected with compliance in receiving vaccinations to combat all current and upcoming viruses.

20/80 society

Full article: 20/80 society

The 20/80 society is a projected society of the 21st century. 20% of the population will be enough to keep the world economy going. The other 80% live on some form of welfare.[citation needed]

Corporate Proponents

The institutions of global capitalism have taken a positive interest in introducing Basic Income. It has probably been discussed at the Bilderberg meetings ('The inequality challenge'). The World Economic Forum[3] has discussed it, even though the Basic Income these groups envisage has more the feel of the workhouse[4] than liberation.


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References