I and others have been saying this for a while. Articles like this will persuade those that need to be persuaded (legislators) that this is the only way out of this.
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.
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.
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.
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).
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.
There are many reasons that the world is beginning to look toward the viability of universal basic income (UBI). Some studies on the practice of distributing income to those who are in need have proven that UBI can have a positive impact on impoverished communities.
Other independent research found that the US economy might see as much as $2.5 trillion in growth if a UBI were to be integrated. To that end, several cities outside of India are or will be testing their own UBI pilot programs, such as in the cases of Oakland, California; Utrecht, Netherlands; Ontario, Canada; and in the countries of Scotland, Brazil, and Finland.
Enter the Ethereum blockchain. The merits of Ethereum are numerous when it comes to distributing aid. It can deliver a level of autonomous transparency, allowing for easy system management and oversight. Furthermore, the Ethereum blockchain allows for the implementation of permission layers that can keep private consumer data from prying eyes. Ethereum can do all this more efficiently than bureaucratic organizations, eliminating from the equation third parties that manage funds and may take a cut in the form of processing fees.
It should be painfully obvious that the capitalist system, of which we are in debt 50%+ of, is not sustainable.
I love the Star Trek reference, though it may go over the head of some.
This is getting more traction, sometimes what is simple can be effective.
Sometimes, the simplest concepts are the ones that make the most sense. #basicincome