It seems that basic income is on the lips of everyone today. From Finland to the Netherlands, Switzerland to Canada, governments and cities have embraced the idea as one worth testing. Although talk of basic income has been around for some time, it seems that now there is a real push, an unwavering drive and motivation to see how the idea could work in practice.
Beyond the hype, however, lie some crucial questions that need to be addressed. With support from all sides of the political spectrum and interest from cities and states all over the world, it is evident that the discussion on basic income is painstakingly broad in scope and variety.
What do we even mean when we talk about basic income? Are we all talking about the same thing?
As the following years will undoubtedly be vital stepping stones in the testing and development of one of the most important social innovations of the 21st century, the need to focus on the nuances is growing. While it is unbelievably exhilarating that so many have begun to see basic income as something worth trying, now is not the time to stop. Rather, it is time to start the conversation, to go from abstract to concrete: What kind of basic income are you advocating for and why should it be implemented?
To help start this discussion, we asked some prominent basic income proponents what their answers are. Yes, these are deceptively simple questions and no, we did not give them nearly enough room to fully flesh out all the nuances that come along with the deal.
Nevertheless, this is a beginning, a spark to the needed public discussion on what a basic income could be and should be. With these visionaries showing the way, next it is your turn. Join the discussion and tell us what your answers are!
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Basic income could bridge the income gap between those left unemployed or underemployed due to technology.
"Ultimately, I would like to see a full universal basic income for all American adults, paid each month, at a sufficient level to eliminate poverty in the United States. However, to reach that point, I think it will likely be necessary to first introduce a smaller universal income — still paying out money every month, but not as much as a full basic income.
Once Americans have had a chance to experience this program and appreciate its benefits, and once sufficient funding sources can be identified, we can work to transition to a full basic income in the US.
For me, the main reason to push for basic income is to counter the rising inequality that’s being driven by technological unemployment and underemployment. The nature of work is changing, and we need a new social safety net that’s suited to these changes. Basic income will allow us to gracefully transition to a society where full employment is no longer the expectation."— Jim Pugh, CEO of ShareProgress (US)
It could be a weekly payment for personal allowances, but it wouldn't be a magic bullet. You'd need to work hard to pay to feed and house a family.
"Basic income should be a simple weekly payment to replace all income-related benefits and personal allowances. It will not replace housing, disability or childcare support. We advocate a more progressive tax system to help fund it and boost support for children under the age of five.
Basic income is a wedge of freedom allowing people significantly more choice over the life choices they are able to make in support of their well-being, that of their families, and of their communities. It’s not utopia or a magical solution but it would help all – considerably."— Anthony Painter, Director of Policy and Strategy RSA (UK)
Social security would need to be seriously reformed to make a basic income plan work.
"I support the Life Account model [a personal welfare account that records the charges paid and benefits received during one’s lifetime]. It flexibly clears away welfare traps during different phases of life for low, middle and high income groups. It puts faith in the individual and the liberty and responsibility of humans to make choices concerning their own finances.
The Life Account would update social security to meet the labor markets of today and the future. Without a comprehensive reform, the public system of transfer payments cannot be financed. In addition, the change would be philosophical: Empowering people to make decisions that concern their own lives, taking care of everyone’s basic security together and helping those who cannot make it on their own even better than today."— Elina Lepomäki, Member of Finnish Parliament, National Coalition Party (Finland)
See the rest of the story at Business Insider