The best definition I have heard about Universal Basic Income

The best definition I have heard about Universal Basic Income

The video cuts off early when it’s about to make a statistical point, but the part encoded boils the concept down to a stage where most can grasp it. The person who tweeted this is running for President in 2020. I don’t think he will gain much traction, but the nominee needs to include this in their platform and make political speeches about it just as it were any other topic.

Universal Basic Income, Canada Style | PBS NewsHour

I have blogged about UBI for a minute now and still believe in its concept. Our neighbors to our north have made an official attempt at it (though later eliminated). Proven to work around the world, political courage is needed to adopt on a wider scale in the United States. Andrew Yang may be a long-shot for the Presidency, but he is advocating this social experiment. The hope is that it becomes part of the platform for 2020 and after last night’s election results, could be part of the incentive to continue the momentum and increase voter turnout, especially if paired with the removal of cannabis as a schedule 1 drug at a minimum.

The story attached to the video is older but still timely.

Can Basic Income Plus The Blockchain Build A New Economic System? | Fast Company

Can Basic Income Plus The Blockchain Build A New Economic System? | Fast Company

This article is now a year old but is still relevant today. BTW, the image seen in the social media tease is the current price (as of posting) of Ethereum, easily the #2 Cryptocurrency behind Bitcoin. Not a good week for it.

What is a blockchain? In short, it is a disintermediating technology. In other words, it removes the need for middlemen and trusted third-parties. When combined with other technologies, blockchains have the potential to disintermediate many areas of life, from banking to information storage to voting to the making and sharing of goods and services.

 

UBI is a progressive idea whose time may be coming, but the devil is in the details. Most of this support is for a UBI based on government fiat currencies like the dollar or the euro. It is almost exclusively locked into a welfare frame–as a wage subsidy to address layoffs expected from automation, or as a way to reduce government welfare bills–in other words, a different way of dealing with problems within the current economic paradigm. Existing power structures continue to reign, debt creation still controls the money supply, and the “infinite material growth on a finite planet” logic of extractive capitalism is left untouched.

 

via Can Basic Income Plus The Blockchain Build A New Economic System?

Could basic income help the emancipation of people with disabilities?

Admin cost of benefits II

CN Picture Basic Income Plus from Website

This is a 2-month-old article just brought to my attention by Scott Santens, an advocate for Universal Basic Income. What is happening right now is Sen. Kamala Harris (D-CA) has made a bold proposal that has some roots in Basic Income but using the tax code to effect it (Lowrey, 2018 para. 2).

Could basic income help the emancipation of people with disabilities?:

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Why Basic Income Is a Mental Health Issue – VICE

Why Basic Income Is a Mental Health Issue – VICE

This article is a few months old, which I found in making the transition from a Flipboard UBI magazine to here at my main blog.

When you have funds to at least meet most of your needs, feeling better is the result. Duh!

There is not enough done about mental health in this country, and most of it can be traced back to the “Patron Saint” of Conservative Thought, President Ronald Reagan in the 1980s. POTUS 40, much like POTUS 45, their main purpose is to overturn and reverse their immediate predecessor’s legislation. In Reagan’s case, it was the Mental Health Systems Act of 1980 which provided Federal grant money for Community Health Centers (“Mental Health Systems Act of 1980,” 2018). He didn’t see these causes as welcome events, which President Reagan as Governor of California, released these patients into the society way before they were ready to be functional citizens (Roberts, 2013, para. 12). This article continues along this path to its undesired outcomes, which continue to this date.

via Why Basic Income Is a Mental Health Issue – VICE

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