article

universal basic income (UBI)

[WHAT]

1. ] by Don Sagrott founder@sospep.com  -  a look at the evolving discussion around the concept of a Universal Basic Income(UBI) social program. The potential PRO's and CONs of the program, the costs involved, the challenge of getting it implemented, the 

[WHY]

1. ] unemployment
1. ] 
2. ] underemployment
1. ] part time employment
2. ] contract work - the gig economy
3. ] self employment -  
4. ] entrepreneurship - 
5. ] options - This could shift some power away from the employer to the employee. If you don't like the working conditions, then you have a safety net while you look elsewhere, or get yourself educated/skilled for something else.
3. ] quality of employment
1. ]
4. ] automation - 
1. ] will increasingly reduce labour requirements 
2. ] increasing income inequality

[WHY NOT]

1. ] costs 
1. ] does it make economic sense? really??
2. ] people
1. ] can 'the masses' be convinced that it makes economic sense?
3. ] the case against a universal basic income
1. ] http://intergalacticproletarian.blogspot.com/2015/11/more-welfare-or-more-weekend.html
4. ] lobby
1. ] welfare industry,
2. ] government workers overseeing programs 

[WHERE]

1. ] READ THE FULL ARTICLE
1. ] 

[WHEN]

1. ] 2016-02-06

[EXAMPLE]

1. ] we (canadian taxpayers) already pay for many social programs - 
1. ] employment insurance, canada pension plan, old age security, guaranteed income supplement, welfare, disability, universal child care benefits, 
2. ] each of these programs comes with not only the benefit $ amount paid out to the various programs recipients but the administrative overhead of operating each of the many programs. 
3. ] if you cancelled all of above programs and simply issued everyone a basic income amount, 
4. ] the total cost of the BI program may not be as exhorbitant as it would first seem with basic math.
5. ] this study shows that it may actually cost less to provide a basic income to everyone, than to pay for all of the social programs that we currently have.
2. ] PROS - benefits 
1. ] go to school - 
2. ] go back to school -  
3. ] explore your job options - could shift some power away from the employer to the employee, forcing employers to treat employees better to retain them, .... 
4. ] a minimum wage job + basic income = survivable income - 
5. ] start a business - 
6. ] write a novel - 
3. ] CONS - the freeloaders
1. ] I know your worried that 'all the freeloaders' are just gonna sit around on their asses all day long and live the high life off your hard earned tax dollars
2. ] Well, to be clear, you wouldn't exactly live the high life off of the basic income amount
3. ] but yes, it would certainly be subject to abuse, just like every other social program that exists today
4. ] however  
4. ] the math
1. ] EAP(eligible adult population) = total canadians - Canadians < 18yo
2. ] ENAP(eligible non adult population) = Canadians < 18yo
3. ] ATA(adultTotalAnnual) = BIAAA (Basic Income Annual Amount Adult) * EAP
4. ] NATA(NATotalAnnual = BIAAC (Basic Income Annual Amount NA) * ENAP
5. ] TABIA 
6. ] BIA (21K) = min hr wage * 40 * 52   
5. ] the rules
1. ]
6. ] problems
1. ] economic migrants, ] against it, ] for it but ..., ] freeloaders ] inflation
7. ] inflation
1. ] 

[HOW-TO]

1. ]

[RELATED]

1. ] basic income - Canada 
1. [2016-02-18] Liberals invite guaranteed income expert to speak at pre budget hearings, ] r/canada - comments 
2. [2016-02-17] Canada-Federal-Minister-Interested-in-basic-income, ] r/canada - comments - ] m
3. [2016-02-15] the guaranteed annual income: The little idea that just might solve some very big problems, ] r/canada - comments
4. [2016-02-dd] The stage is now set for basic income for all - by __ @torontostar - starting the discussion on the topic of a universal basic income in Canada ] r/canada - comments  - A true measure of the greatness of a society is not the conditions of those at the top, but rather, the condition of the lower end of society. 
5. [] other
6. ] http://m.thestar.com/#/article/opinion/commentary/2014/02/27/how_can_we_not_afford_a_basic_annual_income.html
7. ] http://www.theatlantic.com/politics/archive/2014/08/why-arent-reformicons-pushing-a-guaranteed-basic-income/375600/ 
8. ] ontario-announces-it-will-begin-basic-income-trial-in-2016,
2. ] basic income - ycombinator - research/experiment
1. ] ycombinator - request for research - SV tech accelorator implementing research and experiment on basic income theory.
2. ] hn comments
3. ] basic income - mincome - canadian government experiment 
1. ] https://en.wikipedia.org/wiki/Mincome
4. ] basic income - Finland
1. ] how finland plans to implement the first basic income in the EU - 
2. ] how finlands BI will work and what we can learn from it - 
3. ] finland considers basic income to reform welfare system - 
4. ] http://www.businessforscotland.co.uk/finlands-basic-income-plan-could-change-everything/ 
5. [00:00] NEW article IN 
1. x] # 5124 - SUMMARY-why-a-basic-income-should-be-the-next-big-thing - ] by Paula Dwyer @bloomberg.com - Dwyer outlines the basic income premise, that by removing all of the many social assistance programs that Americans currently support, it could come close to meeting the projected costs of said program.
2. ] # # - UBI] 2016-05-06 GiveDirectly Planning to Give $30M in Basic Income to East Africa (givedirectly.org), SRC=hn(274)/comments(213) 
3. ] # # - ] 2016-04-04 A Basic Income Is Smarter Than a Minimum Wage (bloombergview.com), SRC=hn(322)/comments(483) 

EXAMPLE - budget for 1 person - by location

 

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ID: 4955

NAME: basic-income

DESCRIPTION: ] by Don Sagrott founder@sospep.com - a look at the evolving discussion around a Universal Basic Income program

AUTHOR: article.author/s

EDITOR: article.editor/s

PUBLISHER: article.publisher/s

STATUS: Write

PRIORITY: -5

OWNER ID: 75

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