Basic Income News and Discussions

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raklian
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Re: Basic Income News and Discussions

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This one is from 2017 but still relevant. Those who think basic income won't work because it will cause out of control inflation need to read this.

A new study debunks one of the biggest arguments against basic income

https://www.vox.com/policy-and-politics ... sic-income

As someone who writes frequently about universal basic income — the idea of giving everyone enough money to live on, no strings attached — the most common argument I hear against the proposal has nothing to do with its cost, or the potential that it’ll discourage people from working, an attack that former Vice President Joe Biden used this week.

The most common criticism I hear, rather, is that basic income would cause massive inflation.

Luckily, new research on a program in Mexico gives us a real-world test case for this idea. And it strongly suggests that giving out cash doesn’t cause inflation — or if it does, the effects are very, very mild.
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raklian
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Re: Basic Income News and Discussions

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This is an article from 2014 debunking the myth basic income will lead to massive inflation. The author made excellent points.

Wouldn’t Unconditional Basic Income Just Cause Massive Inflation?

https://www.scottsantens.com/would-unco ... ation-ubi/

By far, the most common concern in regards to my first article on Medium about the idea of an unconditional basic income was that all prices would inevitably go up as a result, immediately reducing the value of each dollar and essentially creating a new zero. Let’s call it the “New Zero Argument” against basic income.

The New Zero Argument: Although a noble idea to give money to those in need, no one would actually be better off as a result of basic income due to everything costing more — especially rent — and therefore the policy idea is entirely pointless because the only thing it would attain is a new zero.

In economic terms, this concern is the fear of inflation or even hyperinflation, and it is possibly the most common reflex to the notion of just transferring more money to the lower and middle classes. So how grounded in reality is this concern?
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raklian
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Re: Basic Income News and Discussions

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Global Map of Basic Income Experiments

https://basicincome.stanford.edu/experiments-map/


It's a little more extensive than I thought it would be.
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raklian
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Re: Basic Income News and Discussions

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The drumbeats are growing louder. :?

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Re: Basic Income News and Discussions

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raklian
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Re: Basic Income News and Discussions

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The point of basic income?

This.

Image
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raklian
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Re: Basic Income News and Discussions

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peekpok
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Re: Basic Income News and Discussions

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I've always resented the idea that basic income will just make people lazy. To be frank, my "job" prevents me from doing my real life's work by sapping all of my energy and motivation.
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Re: Basic Income News and Discussions

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weatheriscool
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Re: Basic Income News and Discussions

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Guaranteed income embraced by leaders of some of largest US counties
Source: ABC News
Some of the largest counties in the U.S. are joining forces to provide guaranteed income to residents in need.

County leaders from Los Angeles County, Chicago's Cook County, Houston's Harris County and more help make up Counties for Guaranteed Income, a coalition of local leaders hoping to collect research to try to expand no-strings-attached cash assistance programs nationwide.

Research suggests that guaranteed income can provide a path to financial stability and address poverty as well as racial, wealth or income inequalities.

"It's not just the morally right thing to do. It's actually pragmatic and economically a smart strategy as well," Will Jawando, a Montgomery County, Maryland, councilmember at-large, told ABC News. "We saw with the child tax credit, we saw with the stimulus."
Read more: https://abcnews.go.com/US/guaranteed-in ... d=97190018
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