Should there be Universal basic income? by hmushtaq

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· @hmushtaq · (edited)
$8.54
Should there be Universal basic income?
Recently, I was reading this debate on Universal basic income [here](https://www.kialo.com/should-there-be-a-universal-basic-income-ubi-1634/1634.0=1634.1/=1634.1). There are arguments given on both sides. For those of you who don't know, [Universal basic income](https://en.wikipedia.org/wiki/Basic_income) is a welfare model in which all citizens receive a basic income that covers their basic living costs, unconditionally.

![](https://steemitimages.com/DQmWtzYupLdNSssVM1yaAvjbGJtarsjexDiV9PuDRq11c2m/image.png)
[image source](https://diem25.org/wp-content/uploads/2017/09/money_universal_basic_income.png)

Now some of you would immediately point out that in this way, people would just become lazy and do nothing. However, I beg to differ. Firstly, you need to understand that this income would be given to everyone. So, if you are getting $1000 as basic income per month, and you are earning $3000 yourself, you would be earning $4000 overall. In other words, there would still be incentive to work. This would also make the welfare and taxation system much simpler. I can also see the following benefits.

1. **Reduced crimes** - We know that most crimes are money related. And many such crimes are committed by the financially desperate people. So, giving basic income, would surely reduce crime rate.

2. **People would do what they want to do** - Someone may be a passionate musician, but knowing that it would be hard for him/her to earn livelihood through it, would have to learn other skills to sustain a living. When we start giving basic income, people can go full out to master their passion. A famous case is that of J.K Rowling, who wrote the world renowned Harry Potter series of novels, while being out of job, and on welfare. 

3. **More people would try to start their own companies** - In the current capitalist environment, its hard to start your own company. But with basic income to sustain their livings, entrepreneur minded people could more easily start up the companies they always dreamed of.
____
So, overall, I am in favor of Universal basic income. With more jobs becoming obsolete due to automation and technology, I think it has become even more important. You can also read counter arguments against it in that thread, but they don't look that convincing to me. I would like to know your opinion on Universal basic income. Are you for or against it, and why?
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vote details (30)
@jonmagnusson ·
$0.02
I think it's the only ethical way to solve the extreme inequalities in the world and it would make it possible for everyone to actually contribute more to society instead of hunting jobs that are disappearing.

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vote details (1)
@fishyculture ·
$0.03
My problem is bnot with giving people money. My problem is where do you get the money to give them? Fiat currency, printed out of thin air and distributed will reduce the value of the money the working people are working for, that is robbing them. Taxing them from what they EARNED is also theft. The model here, at steemit, where it is drawn out of the reward pool is a little better, I am supporting that as I am curious if it can work. I suspect the day will come that it will become a drain on the reward pool and we will see flag wars over people getting the basic income, but maybe I am wrong. Time will tell!
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vote details (2)
@hmushtaq · (edited)
Well, money is a way to distribute scarce resources. If due to technology and AI, we are able to achieve abundance (think asteroid mining, vertical farming etc), then we could achieve a post scarcity economy. So, the main bottleneck is technology and resources, not money itself. The more technology and resources we have, the easier it is to implement Universal basic income.
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vote details (2)
@penningtonlens ·
$0.03
You could also look at it from the perspective of efficient financing.  Where is the current money being spent?  What if it was re-directed (toward UBI)?  Might not money be saved in the long run?

Although I find the theory of UBI fascinating, I don't think it gets anywhere until the old crop of politicians get ousted.  Which, who knows, may be sooner than later.
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@atomcollector ·
$0.02
I think it is needed. Things are changing at such a fast pace and inequality seems to be getting worse.

You may be interested in @steembasicincome which is attempting to address this. I have sponsored someone to test it out and if it works I will be doing a lot more!

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vote details (1)
@firstamendment ·
$0.03
Taxation is theft and the money must come from somewhere.  Basically the idea is to reduce the administrative costs of welfare type programs, an acknowledgement that existing programs designed to help the poor are not cost effective or efficient.  Also the more that money is redistributed in circulation, the more things will costs.   The ones who it was supposed to benefit most will likely end up still being homeless and unable to benefit-and the cost of basic life necessities will only increase.

  That said there are plenty of opportunities for free money.   From mining crypto (kind of expensive to do profitably), to letting computers/cell phones(on wifi-not data) watching ads (earnhoney, swagbucks, engageme.tv, yoolotto, perk, rewardables, cash magnet, etc), to air drops, to dividend income. To crypto/paid services like the brave browser, steem, dtube, youtube.   Maybe not at a survivable level for most, but it is still out there for those who put the effort in-and everything about it is volitional.  

  I am thinking about leaving to mexico (or elsewhere), buying a plot of land, and just farming off of it.  Money will have little importance, and between sowing and harvest seasons, there will be plenty of time to do what I would like to do.  Money isn't the answer especially when living in a police state, less government is.  And the less government there is would encourage the practice of saving money (instead of the current expectation of borrowing money, and being slaves to our debt), the easier and more cost effective it is to voluntarily help the truly needy.

https://www.youtube.com/watch?v=HHo3cijNr8Q
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vote details (1)
@hmushtaq · (edited)
Great perspective. Yes there would be a rise in prices, but you would also get a virtuous circle, where people would buy more stuff, because they would have more money, thus benefiting the economy as a whole. And you are right that if people are not lazy, they can still earn in various ways, without being wage slaves. All they need is to keep their eyes open for all the opportunities out there.
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@postpromoter ·
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vote details (1)
@hamzayousaf · (edited)
$0.05
I am also in favor of universal basic income.. these grants can not only alleviate poverty in purely economic terms, but may also jolt the poor out of the poverty cycle by helping them.
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vote details (2)
@hmushtaq ·
Very true. Once technology and AI further improves, Universal basic income can become a reality all over the world.
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@leoumesh ·
$0.03
It's something that could prove very profitable to both government's and citizens. Basic income is not free money. It's freedom. And freedom belongs to us.
👍  ,
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@hmushtaq ·
Freedom is our right, indeed :)
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@wilhb81 ·
@hmushtaq Undoubtedly, I support this universal basic income ideal. Actually, it's the right and essential way to create a real Utopialand...
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