Love the post! And can I share a real bugbear of mine? When governments and the media talk about "universal basic income trials" – if it's a trial, it's 👏 not 👏 universal 👏. I'm not an economist, so I have no idea how viable UBI is. BUT I've always thought it's a good idea, and one that's simpler to implement than complicated benefits and welfare systems.
You can share as many bugbears as you'd like, right here, any time:-). I'm glad you like this post! I'm not an economist either, but I've lived thru poverty and continue to live on an extremely limited income, plus I do read a lot about economic issues. I believe the "Universal" in UBI refers to a subsistence level of income going to everyone rather than targeted to those making below a certain amount. So it depends on the specifics of each trial.
Here's a definition of sorts, from a recent article from VOX:
“Guaranteed income” is similar to, but not quite the same as, universal basic income (UBI). Whereas UBI aims to offer enough money for a basic subsistence living to every single adult, guaranteed income might provide a more modest amount — less than enough to live on — to a more targeted group of people (say, the lowest-income people in the population). It can still be life-changing for those who receive it."
Love the post! And can I share a real bugbear of mine? When governments and the media talk about "universal basic income trials" – if it's a trial, it's 👏 not 👏 universal 👏. I'm not an economist, so I have no idea how viable UBI is. BUT I've always thought it's a good idea, and one that's simpler to implement than complicated benefits and welfare systems.
You can share as many bugbears as you'd like, right here, any time:-). I'm glad you like this post! I'm not an economist either, but I've lived thru poverty and continue to live on an extremely limited income, plus I do read a lot about economic issues. I believe the "Universal" in UBI refers to a subsistence level of income going to everyone rather than targeted to those making below a certain amount. So it depends on the specifics of each trial.
Here's a definition of sorts, from a recent article from VOX:
“Guaranteed income” is similar to, but not quite the same as, universal basic income (UBI). Whereas UBI aims to offer enough money for a basic subsistence living to every single adult, guaranteed income might provide a more modest amount — less than enough to live on — to a more targeted group of people (say, the lowest-income people in the population). It can still be life-changing for those who receive it."