Category: history

Basic income, also called universal basic income (UBI), citizen’s income, citizen’s basic income, basic income guarantee, basic living stipend, guaranteed annual income, or universal demogrant, is a governmental public program for a periodic payment delivered to all on an individual basis without means test or work requirement.^[2] The incomes would be:

Unconditional: A basic income would vary with age, but with no other conditions. Everyone of the same age would receive the same basic income, whatever their gender, employment status, family structure, contribution to society, housing costs, or anything else.
Automatic: Someone’s basic income would be automatically paid weekly or monthly into a bank account or similar.
Non-withdrawable: Basic incomes would not be means-tested. Whether someone’s earnings increase, decrease, or stay the same, their basic income will not change.
Individual: Basic incomes would be paid on an individual basis and not on the basis of a couple or household.
As a right: Every legal resident would receive a basic income, subject to a minimum period of legal residency and continuing residency for most of the year.^[3]

Basic income can be implemented nationally, regionally or locally. An unconditional income that is sufficient to meet a person’s basic needs (at or above the poverty line) is sometimes called a full basic income while if it is less than that amount, it is sometimes called partial. A welfare system with some characteristics similar to those of a basic income is a negative income tax in which the government stipend is gradually reduced with higher labor income. Some welfare systems are sometimes regarded as steps on the way to a basic income, but because they have conditions attached they are not basic incomes. If they raise household incomes to specified minima they are called guaranteed minimum income systems. For example, Bolsa Família in Brazil is restricted to poor families and the children are obligated to attend school.^[4]

“Basic income” in the English Ordinal system equals 93 – management, growing, therapy, internal, trying, parents

“nine three” in the English Ordinal system equals 98 – together, stocking, trust, “to try”

“nine eight’” in the English Ordinal system equals 91 – spirit, upgrades, savings, content, emotion, future, growth

“nine one” in the English Ordinal system equals 76 – sharing, tracker, humans, species, example, mixing concept

seven six” in the English Ordinal system equals 117 – humility, upbringing, occupation, statement, expansion

“one one seven” in the English Ordinal system equals 133 – a the, innovation, challenge, invitation, grownups, system life

“one three three” in the English Ordinal system equals 146 – a body, people matter, brain function, peace for the brain, field of study

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https://washingtonmonthly.com/2020/03/18/americans-need-a-basic-income-during-the-coronavirus-outbreak/

While one-time “stimulus checks” are an option— as they were in the immediate aftermath of the 2008 financial crisis—many Americans are going to need longer-term support to weather the coming financial storm. Rather than a single shot of cash, struggling Americans will need an “emergency basic income” (EBI)—i.e. no-strings-attached, continuing cash support, similar to what former presidential candidate Andrew Yang proposed on the campaign trail.

At the time of his campaign, Yang was pushing for a “universal basic income”– a $1,000 per month entitlement for every American. The idea was expensive, impractical. and rife with the potential for unintended consequences. But now, Yang’s original conception, with some important variations, could save millions of Americans from financial catastrophe. That helps explain why its finding new life from proponents l New York Congresswoman Alexandria Ocasio-Cortez (as well as Yang himself). Yet UBI need not be adopted in its original form to do a lot of good; it need not be as generous as an indefinite entitlement of $1,000 a month, nor does it need to be universal. At least not yet.

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I currently live on a fixed income so I understand what this is like. My income doesn’t fluctuate that much so I have to live within my means. I wonder if this model would work for some of the folks that had small businesses and they had to close them. Could our country afford this system on a short term basis until be get more stabilized and beyond the crisis?