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Date: 2017-09-25 Page is: DBtxt001.php L0700-IDEA-Basic-Income


BASIC INCOME
A possible solution to the problem of inadequate income because of too few jobs
A key IDEA to help make the world a better place

Basic Income
TPB/TVM commentary: Basic Income
Something like basic income is going to be an essential link in the chain that is required to make the modern global socio-enviro-economic systems function.
Something like basic income is required so that everyone is in a position to make the exchanges they need in order to buy what they need to live ... and indeed to have a decent quality of life.
The modern socio-enviro-economic system is fundamentally different from the system that existed when Adam Smith argued for a market economy. In the latter part of the 18th century the people of the world were faced with shortage. There was not enough of almost everything and it was a struggle to live. Productivity was low. There was not enough of land. There were not enough people to work in agriculture and production, and too many people to feed and clothe and house!
In the modern socio-enviro-economic system, things are very different. There are plenty of goods and services because productivity has been improved by an enormous amount. Where it once took more than 90% of the population to work in agriculture to produce the food needed, in a modern society less than 3% of the population works in agriculture. Where it once took hundreds of miners to produce a ton of coal, the same work is now done by a single person. Where it once took months to circumnavigate the world, it can now be done in a day. The equilibriums that existed in the 18th century are not the same in the 21st century, yet much of the understanding about the way the economy works seems to suit the 18th century better than the 21st century.
Where there once was a shortage of labor, in the modern world, there are more people than jobs, and this mismatch is likely to get bigger over time.
The reason people need jobs is to have income so that they can pay for what they need.
It is the income that people need. The jobs are only a means to an end.
It is worth noting that in the past the role of the workplace as a part of a social community should be taken into account when rethinking how the socio-enviro-economic system can be improved. Less jobs should not mean less social interaction.
TPB/TVM commentary: Key problem with Basic Income / How can it be financed?
A basic income almost certainly cannot be financed using the conventional money constructs that have been the norm for the last century and more.
Within the financial community the money construct has changed relatively frequently as the 'financial experts' tried to figure out how to make money serve economic needs and improve performance. There have been many innovations over the years including more and more regulation of how money must be handled. Some of these include ideas like: (1) the Gold Standard; (2) Fiat currency (3) Central Banks to control currency; (4) Quantitative Easing; and many others (See L070-MX-MONEY-CURRENCY)
The solution may be in the recognition that socio-enviro-economic progress and performance is accomplished in a more complex manner than the simpler but incomplete idea of economic progress using metrics like GDP, corporate profit and stock market prices. Instead progress and performance should be based on the idea that people have a better quality of life and that this is achieved with sustainable exploitation nature / the natural capital / the natural environment. (See L0700-PP-What-is-Progress-and-Performance)
Open L070-MX-MONEY-CURRENCY

Open L0700-PP-What-is-Progress-and-Performance
From Wikipedia: What is Basic Income? What is Guaranteed Basic Income?
A basic income (also called guaranteed basic income, unconditional basic income, Citizen's Income, basic income guarantee, universal basic income or universal demogrant) is a form of social security in which all citizens or residents of a country regularly receive an unconditional sum of money, either from a government or some other public or social institution, in addition to any income received from elsewhere.
An unconditional income transfer of less than the poverty line is sometimes referred to as a partial basic income.
Basic income systems that are financed by the profits of publicly owned enterprises (often called social dividend or citizen's dividend) are major components in many proposed models of market socialism.[4] Basic income schemes have also been promoted within the context of capitalist systems, where they would be financed through various forms of taxation.[5]
Similar proposals for 'capital grants provided at the age of majority' date to Thomas Paine's Agrarian Justice of 1795, there paired with asset-based egalitarianism. The phrase 'social dividend' was commonly used as a synonym for basic income in the English-speaking world before 1986, after which the phrase 'basic income' gained widespread currency.[6] Prominent advocates of the concept include Philippe Van Parijs, Ailsa McKay,[7] André Gorz, Hillel Steiner, Peter Vallentyne, and Guy Standing.
Open Wikipedia link
Idea ... Basic Income
A way to address people's need for income
History of basic income ... published by BIEN (Basic Income Earth Network)
Open file 12220 Open external link
A comprehensive bibliography about Basic Income
USBIG-Basic-Income-Guarantee-BIG-Bibliography ... about 60 pages
Open PDF ... Open external link
Structural Unemployment ... Idea ... Basic Income
Overwhelming Evidence that a Guaranteed Income Will Work
http://www.nationofchange.org/2016/08/28/overwhelming-evidence-guaranteed-income-will-work/
Open file 11881 Open external link
Structural Unemployment ... Ideas ... Basic Income
What Would Happen If We Just Gave People Money?
http://fivethirtyeight.com/features/universal-basic-income/
Open file 11882 Open external link
Basic-Income-Creative-citizen-creative-state-RSA-Reports-Medium-2015
'http://truevaluemetrics.org/DBpdfs/Ideas2/Basic-Income/Basic-Income-Creative-citizen-creative-state-RSA-Reports-Medium-2015.pdf'
Open file 12156 Open PDF ...
RSA-basic-income-Creative-Citizen-Creative-State
Resiliance in a Hotter World ... article in the Harvard Business Review
'http://truevaluemetrics.org/DBpdfs/Ideas2/BasicIncome/RSA-basic-income-Creative-Citizen-Creative-State.pdf'
Open PDF ... RSA-basic-income-Creative-Citizen-Creative-State.pdf
Basic-Income-Guarantee-BIG-US-What is BIG.pdf
Resiliance in a Hotter World ... article in the Harvard Business Review
'http://truevaluemetrics.org/DBpdfs/Ideas2/BasicIncome/Basic-Income-Guarantee-BIG-US-What is BIG.pdf'
Open PDF ... Basic-Income-Guarantee-BIG-US-What is BIG.pdf
Systemic Unemployment ... Idea ... Universal Basic Income
Charles Murray ... A Guaranteed Income for Every American
http://www.wsj.com/articles/a-guaranteed-income-for-every-american-1464969586
Open file 11883 Open external link
Ideas ... What is Universal Basic Income?
Video ... What is Universal Basic Income?
Open file 12156
Ideas ... Unconditional Basic Income
Why Should We Support the Idea of an Unconditional Basic Income? ... The principled and pragmatic case for a Universal Basic Income
Open file 12157




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