December 27, 2016

Nearly half of Americans support a guaranteed income

CNBC - A survey of 500 individuals in the U.S. found that 46 percent of people support the idea of a universal basic income, through which the government gives a cash handout to any resident, irrespective of employment status.

"The general concept of a floor on income is generally acceptable to and popular with voters. This is a solid first step," writes Misha Chellam, the founder of startup-training company Tradecraft and a signatory of the Economic Security Project, a newly founded research organization dedicated to learning more about the implications of universal basic income.

The research joins a flurry of conversations about UBI. The Economic Security Project, co-chaired by Hughes, was announced earlier this month and has so far raised $10 million in private funding to research the practical implications of the idea.

Also, Elon Musk, the founder of SpaceX and Tesla, said recently that he considers UBI to be a nearly foregone conclusion. "There is a pretty good chance we end up with a universal basic income, or something like that, due to automation," Musk told CNBC. "Yeah, I am not sure what else one would do. I think that is what would happen."

And this weekend, word came out that Finland is going to run a pilot UBI program with 2,000 randomly-selected individuals.

1 comment:

Sylvia Valls said...

That is part of what Silvio Gesell recommended in his three volume work, The Natural Economic Order. Keynes thought Gesell would eventually be more famous than Marx... You can download the work in several languages from the internet... Gesell ridiculed Marx' understanding of many things even though he was himself a Communist Party member... German born, wrote most of his work in Argentina... Books first published a century ago.