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The Case Against The Universal Basic Income

Author : Le Dong Hai Nguyen
ISBN : 9783346145772
Genre : Business & Economics
File Size : 63. 96 MB
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Essay from the year 2019 in the subject Economics - Monetary theory and policy, , course: Young Economist of the Year 2019 Competition, language: English, abstract: Previous UBI-comparable initiatives, such as the negative income tax initiatives in the US and Kela's Basic Income Experiment in Finland, have shown negligible improvement — if not negative effect — on worker's employability. Backed by quantitative evidence, this paper suggests that the education of unskilled workers, rather than a Universal Basic Income, is a better means of mitigating the impact of automation. SB Ekhad's "The Flamboyant Partridge" had been on the bestselling list last year. Eager to meet the writer at the Oxford Literary Festival, his fans were shocked to discover that their revered author was "a stack of computer hardware fronted by a screen that flickered on to reveal a human-like avatar face". SB Ekhad was, in fact, 3B1, an AI machine created by the University of Oxford's Mathematical Institute. This incident embodies the automation that threatens to replace human jobs. With the cost of implementation shrinking and robot-to-workers ratio skyrocketing, the effects of automation on our economy and society are more palpable than ever. According to an Oxford University study, 47% of jobs could be fully executed by machines "over the next decade or two". Across all industries, the risk posed by automation on the workforce is of great concern, with more severe impacts on manufacturing-focused developing countries like China, where 77% of jobs are forecasted to be replaced by automation.

Universal Basic Income

Author : Sarah Glazer
ISBN : OCLC:1006886452
Genre : Economic policy
File Size : 77. 64 MB
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The prospect of automation replacing workers has helped to revive an old idea: a government check covering basic expenses paid to everyone. Silicon Valley proponents say a guaranteed income -- or universal basic income (UBI) -- could be crucial in a future with less work to go around. The idea has won enthusiasts among libertarian conservatives who see it as a less bureaucratic alternative to welfare, and liberals who say it could combat inequality and wage stagnation. But UBI supporters on the right and left differ over whether to pay for it by diverting money spent on existing welfare programs or raising taxes. Others dismiss the idea outright, saying it would bust the budget and breed laziness. Still, trial efforts are underway in California, Finland, and Canada to investigate whether free cash encourages idleness or, alternatively, boosts education and health -- benefits found in 1970s-era American and Canadian experiments and among Alaskans and Native Americans sharing community wealth.

Ubi Universal Basic Income Is An Unbelievably Bad Idea

Author : SIMON. COWAN
ISBN : 1922184977
Genre :
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Exploring Universal Basic Income

Author : Ugo Gentilini
ISBN : 9781464815119
Genre : Political Science
File Size : 79. 46 MB
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Universal basic income (UBI) is emerging as one of the most hotly debated issues in development and social protection policy. But what are the features of UBI? What is it meant to achieve? How do we know, and what don’t we know, about its performance? What does it take to implement it in practice? Drawing from global evidence, literature, and survey data, this volume provides a framework to elucidate issues and trade-offs in UBI with a view to help inform choices around its appropriateness and feasibility in different contexts. Specifically, the book examines how UBI differs from or complements other social assistance programs in terms of objectives, coverage, incidence, adequacy, incentives, effects on poverty and inequality, financing, political economy, and implementation. It also reviews past and current country experiences, surveys the full range of existing policy proposals, provides original results from micro†“tax benefit simulations, and sets out a range of considerations around the analytics and practice of UBI.

Towards A Universal Basic Income For All Humanity

Author : Mohammed Sofiane Mesbahi
ISBN : 9781838598440
Genre : Business & Economics
File Size : 34. 28 MB
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The moral and practical case for implementing a basic income guarantee is well made—but what are the prospects for finally achieving this inspiring idea of ‘freedom from want’ for every person on Earth?

Universal Basic Income Debate And Impact Assessment

Author : Maura Francese
ISBN : 9781484390832
Genre : Business & Economics
File Size : 42. 23 MB
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This paper discusses the definition and modelling of a universal basic income (UBI). After clarifying the debate about what a UBI is and presenting the arguments in favor and against, an analytical approach for its assessment is proposed. The adoption of a UBI as a policy tool is discussed with regard to the policy objectives (shaped by social preferences) it is designed to achieve. Key design dimensions to be considered include: coverage, generosity of the program, overall progressivity of the policy, and its financing.

Universal Basic Income

Author : Brian McDonough
ISBN : 9781351106115
Genre : Social Science
File Size : 27. 47 MB
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Universal basic income is a controversial policy which is causing a stir amongst academics, politicians, journalists and policy-makers all over the world. The idea of receiving ‘money for nothing’, with no strings attached, has for a long time appeared a crazy or radical proposal. But today, this policy is being put into practice. With more and more trials and experiments taking place in different countries, this book provides both the theory and context for making sense of different basic income approaches, examining how the policy can be best implemented. Unlike many other texts written on this topic, the book provides a balanced account of basic income, weighing up the pros and cons from a number of different positions. The book provides a theory chapter, enabling readers to grasp some of the complex philosophical ideas and concepts which underpin universal basic income, such as social justice, equality and freedom. It also provides an examples chapter, which examines both historical and contemporary basic income studies to have taken place from around the globe. The book also features chapters on the environment and the work of women, as well as an ‘against’ universal basic income chapter, which specifically draws on the criticisms of the policy. This volume is an essential resource for anyone who wishes to get to grips with universal basic income.

Universal Basic Income

Author : Paul O'Brien
ISBN : 9780750983389
Genre : History
File Size : 58. 97 MB
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This book is about a radical idea: the idea that each of us deserves enough money on which to live - and that it should be paid independently of our personal means, and independently of whether we work, or even want to work. The concept of ‘basic income’ has been discussed internationally and has the potential to revolutionise the way that society functions. It would provide greater security for the young, for the self-employed and entrepreneurs as well as reshaping the social welfare system in its entirety. In this book, author and academic Dr Paul O’Brien explores the arguments for and against the idea and explains how this very real proposal might work in practise.

India S Universal Basic Income Bedeviled By The Details

Author : Saksham Khosla
ISBN : OCLC:1026484668
Genre : Economic security
File Size : 32. 64 MB
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The idea of a universal basic income (UBI)—periodic and unconditional cash payments to all citizens—has gained renewed attention amid growing concerns about technological unemployment in advanced economies. More recently, economists have made the case for a UBI in the developing world, where cash transfers distributed to all citizens, rich and poor, may cut through layers of red tape and lead to outsize gains in poverty reduction. In India, a rapid expansion of direct cash transfers linked to the national biometric database and small basic income experiments have galvanized an extensive debate on a UBI.

Universal Basic Income And The Reshaping Of Democracy

Author : Burkhard Wehner
ISBN : 9783030058289
Genre : Political Science
File Size : 88. 34 MB
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How, where and when can a universal basic income be put into political practice? This book discusses these questions by analyzing the political logic of a basic income and its controversial political and scientific implications. The author studies the institutions, rules, and decision-making processes of conventional democracies to reveal an institutional framework in which a universal basic income for all citizens could eventually become politically viable. The work addresses a broad range of topics, such as nationwide experiments with a basic income, voters’ support for the idea, and the effects of a basic income on business cycles and demographic policies. As such, it will appeal to anyone interested in the preconditions and implications of introducing a universal basic income.

Why A Universal Basic Income Will Never Become Mainstream How A Universal Basic Income Would Profoundly Change The World The Economic Implications Of A Universal Basic Income Being Enacted And How To Finance Your Future Without Receiving A Basic Income

Author : Dr Harrison Sachs
ISBN : 9798617101807
Genre :
File Size : 49. 10 MB
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This essay sheds light on why a universal basic income will never become mainstream and also elucidates how a universal basic income would profoundly change the world. Moreover, the economic implications of a universal basic income being enacted and how to finance your future without receiving a universal basic income are delineated in this essay. In spite of its touted merits, a universal basic income that could unconditionally be doled out to each person every month so that all individuals can attain some semblance of sustenance in their life is more of a pipe dream than a viability even though it is easily affordable by bureaucratic apparatuses and would not make a noticeable dent in their exorbitant budgets. An unconditional universal basic income can be thought of as a reverse tax or a negative income tax. Considering that productive individuals who work real private sector jobs are perpetually eviscerated out of their wealth, time, dignity, and happiness since their hard earned money is remitted to subsidize others' amenities, pensions, benefits, and incomes against their own volition, the chances of a guaranteed universal basic income being brought to fruition are essentially non-existent. Over 13,000 taxes have been imposed and offering a universal basic income would be contrary to how bureaucracies operate. In other words, people who work real private sector jobs and subsidize the amenities, pensions, benefits, and incomes of others at the cost of their own wealth, time, dignity, and happiness will never be a recover a penny that they have been eviscerated out of against their own volition. Even though enacting a universal basic income would allow people who work real private jobs to recover some of the money they have been eviscerated out of against their own volition, it has never come to pass in any country and unfortunately never will. People who work real private sector jobs are monetarily penalized for being productive since they are barred from reaping all the fruits of their strenuous labor. Bureaucratic apparatuses will never allow a guaranteed universal basic income to become mainstream since they will not unconditionally dole out money to productive private sector workforce participants. There are ample ways in which a universal basic income would profoundly change the world other than private sector work force participants regaining back a modicum of their wealth that they have been eviscerated out of against their own volition. First and foremost, a universal basic income would help alleviate poverty since people would have some money that they can earmark towards paying for basic human needs, such as food, water, utilities, and housing. By being able to afford food, water, utilities, and housing, this would not only exponentially increase the individual's standard of living, but would also allow them to have the luxury to pursue their entrepreneurial endeavors at least part time. This would culminate in productive individuals being able to earn more revenue in the long haul by having the luxury to create income generating asset through creating content and products for their brands rather than relinquishing their finite time for a fixed amount of fiat currency. The boom in entrepreneurial elicited from the advent of a universal basic income would further increase the standard of living with the arrival of more innovative products, services, and market competitors. This would also lead to lower product prices and higher industry standards being set forth so that brands can more easily win over customer from competitor brands. In the event the individual entrepreneur's branded content and products were unprofitable in the long haul then this would not be completely financially devastating since he would still have universal basic income to provide with some semblance of a safety net to cover some of the sustenance expenses, such as food and water.

The Coming Age Of Imagination

Author : Phil Teer
ISBN : 9781783528028
Genre : Technology & Engineering
File Size : 41. 17 MB
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Every adult paid a living wage. No strings attached. Universal basic income is a very old idea that is fast becoming the radical idea of the twenty-first century. It could eradicate poverty and avoid a much-predicted dystopian future of automation and high unemployment – but it could also have an unexpected effect: an explosion of mass creativity. Phil Teer draws insights from the creative and entrepreneurial effects of basic income experiments and weaves them into stories of how the Romantic poets invented consumerism; artists regenerated cities like New York, Glasgow and Berlin; and creative geniuses like David Bowie, Bob Dylan, Kurt Vonnegut, Haruki Murakami and many others liberated their creative spirits and transformed their lives. The Coming Age of Imagination is a creative manifesto for universal basic income. When we no longer have to worry about money, we have the opportunity to be creative on a mass scale. Simply put, basic income changes everything.

The Case For Universal Basic Income

Author : Louise Haagh
ISBN : 9781509522996
Genre : Political Science
File Size : 61. 42 MB
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Advocated (and attacked) by commentators across the political spectrum, paying every citizen a basic income regardless of their circumstances sounds utopian. However, as our economies are transformed and welfare states feel the strain, it has become a hotly debated issue. In this compelling book, Louise Haagh, one of the world’s leading experts on basic income, argues that Universal Basic Income is essential to freedom, human development and democracy in the twenty-first century. She shows that, far from being a silver bullet that will transform or replace capitalism, or a sticking plaster that will extend it, it is a crucial element in a much broader task of constructing a democratic society that will promote social equality and humanist justice. She uses her unrivalled knowledge of the existing research to unearth key issues in design and implementation in a range of different contexts across the globe, highlighting the potential and pitfalls at a time of crisis in governing and public austerity. This book will be essential reading for anyone who wants to get beyond the hype and properly understand one of the most important issues facing politics, economics and social policy today.

Universal Basic Income

Author : Philip Hugh
ISBN : 9798601456937
Genre :
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We are in the midst of the 4th Industrial Revolution led by Robots, Artificial Intelligence (AI) and Software, displacing millions of workers from their jobs. The truth is that million more jobs are being lost than created. Massive unemployment could well be the future. Is UBI inevitable, a solution that has to be implemented? Hopefully this book in laying out the pros and cons will make us think more deeply into the subject.

Give People Money

Author : Annie Lowrey
ISBN : 9781524758783
Genre : Political Science
File Size : 28. 99 MB
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A brilliantly reported, global look at universal basic income—a stipend given to every citizen—and why it might be the answer for our age of rising inequality, persistent poverty, and dazzling technology. Imagine if every month the government deposited $1,000 into your checking account, with no strings attached and nothing expected in return. It sounds crazy. But it has become one of the most influential and discussed policy ideas of our time. The founder of Facebook, President Obama’s chief economist, Canada and Finland’s governments, the conservative and labor movements’ leading intellectual lights—all are seriously debating versions of a UBI. In this sparkling and provocative book, economics writer Annie Lowrey looks at the global UBI movement. She travels to Kenya to see how a UBI is lifting the poorest people on earth out of destitution, India to see how inefficient government programs are failing the poor, South Korea to interrogate UBI’s intellectual pedigree, and Silicon Valley to meet the tech titans financing UBI pilots in expectation of a world with advanced artificial intelligence and little need for human labor. Lowrey also examines the challenges the movement faces: contradictory aims, uncomfortable costs, and most powerfully, the entrenched belief that no one should get something for nothing. The UBI movement calls into question our deepest intuitions about what we owe each other. Yet as Lowrey persuasively shows, a UBI—giving people money—is not just a solution to our problems, but a better foundation for our society in this age of marvels.

Universal Basic Income In Developing Countries Issues Options And Illustration For India

Author : Mr.David Coady
ISBN : 9781484371930
Genre : Business & Economics
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This paper discusses two common arguments for the adoption of a UBI; that it can be a more effective way of supporting low-income households when existing safety net programs are inefficient, and that it can generate broad support for structural reforms. Using India as an illustration, the paper discusses the trade-offs that need to be recognized in adopting a UBI in these contexts. It shows that replacing the 2011 Public Distribution System (PDS) with a UBI results in losses for many low-income households, although much of this can be reduced by recycling the “out-of-system” PDS losses and the fiscal savings from excluding the highest-income groups as higher UBI transfers. In contrast, replacing inefficient energy subsidies—raising energy prices to efficient levels to internalize the negative environmental externalities of energy consumption—could simultaneously deliver unambiguous distributional gains, help address fiscal pressures, and improve energy efficiency with associated environmental and health gains. Implementing such reforms would, of course, require careful communication and implementation to address political barriers to reform.

Universal Basic Income In The Us And Advanced Countries

Author : Hilary Williamson Hoynes
ISBN : OCLC:1086294362
Genre : Basic income
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We discuss the potential role of Universal Basic Incomes (UBIs) in advanced countries. A feature of advanced economies that distinguishes them from developing countries is the existence of well developed, if often incomplete, safety nets. We develop a framework for describing transfer programs, flexible enough to encompass most existing programs as well as UBIs, and use this framework to compare various UBIs to the existing constellation of programs in the United States. A UBI would direct much larger shares of transfers to childless, non-elderly, non-disabled households than existing programs, and much more to middle-income rather than poor households. A UBI large enough to increase transfers to low-income families would be enormously expensive. We review the labor supply literature for evidence on the likely impacts of a UBI. We argue that the ongoing UBI pilot studies will do little to resolve the major outstanding questions.

Universal Basic Income

Author : Maitreesh Ghatak
ISBN : OCLC:1091192541
Genre : Basic income
File Size : 51. 55 MB
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In this paper, we review possible theoretical justifications of a universal basic income (UBI) scheme and also examine the determinants of its feasibility and scope. We begin by contrasting the unconditionality of UBI with the many conditions that typically accompany other welfare policies. Possible justifications for an unconditional UBI range from pure normative reasons to practical reasons due to the problem of screening beneficiaries and imperfections in institutions in charge of implementing tax and welfare policies. We also explore theoretically the conditions that determine the feasibility and size of a UBI. The broad picture that emerges from our review is that both normative and practical considerations make UBI easier to defend as a tool of poverty alleviation in poor economies than a tool to achieve social justice in rich ones.

Utopia For Realists

Author : Rutger Bregman
ISBN : 9082520303
Genre : Consumption (Economics)
File Size : 46. 38 MB
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From a universal basic income to a 15-hour workweek, from a world without borders to a world without poverty - it's time to return to utopian thinking. Rutger Bregman takes us on a journey through history, beyond the traditional left-right divides, as he introduces ideas whose time has come. Utopia for Realists is one of those rare books that takes you by surprise and challenges what you think you know. In the words of leading social theorist Zygmunt Bauman, it is "brilliant, truly enlightening, and eminently readable." This original Dutch bestseller sparked a national movement for basic income experiments that soon made international headlines.

Basic Income

Author : Guy Standing
ISBN : 9780141985497
Genre : Political Science
File Size : 27. 82 MB
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'Basic Income is an idea whose time has come, and Guy Standing has pioneered our understanding of it...as we move into an age where work and leisure become blurred, and work dissociated from incomes, Standing's analysis is vital' Paul Mason Shouldn't everyone receive a stake in society's wealth? Could we create a fairer world by granting a guaranteed income to all? What would this mean for our health, wealth and happiness? Basic Income is a regular cash transfer from the state, received by all individual citizens. It is an acknowledgement that everyone plays a part in generating the wealth currently enjoyed only by a few. Political parties across the world are now adopting it as official policy and the idea generates headlines every day. Guy Standing has been at the forefront of thought about Basic Income for the past thirty years, and in this book he covers in authoritative detail its effects on the economy, poverty, work and labour; dissects and disproves the standard arguments against Basic Income; explains what we can learn from pilots across the world and illustrates exactly why a Basic Income has now become such an urgent necessity.

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