#basic-income

NEETpride Magazine Volume 2

Everything you need to know about universal basic income

[ad_1]

Give a Buck is Mashable’s deep dive into Universal Basic Income — an idea gaining currency in a time of pandemic and mass unemployment. Now more than ever, our future depends on whether we can pay the bills.

What does the pope have in common with former presidential candidate Andrew Yang, extreme free-market economist Milton Friedman, and Martin Luther King Jr.? Trust us, it’s not the…

The Scottish Government will fund research into the concept of providing all citizens with a Universal Basic Income, First Minister Nicola Sturgeon announed yesterday. Formerly a fringe idea favoured by left-wing economists at Liberal institutions in America, the idea of a basic income has gained traction in recent years as fears grow over depressed wage growth and the rise of automation.

A clear image starts to appear. In these countries, poverty is an asset for big industry, which has, to a great extent, bought political power. So what can be done about it? Well, two things can happen: poverty-dependent corporations automate up to a great extent3, and/or Namibians put pressure on their elected officials – through democratic processes – to get basic income implemented, despite the corporate grip on regime politicians. The first one is highly probable, and so we will be watching a fading interest of corporations in financing political power, since with mechanical machines and Artificial Intelligence they can get their way even without resorting to poor human labour.