Reply to post: Universal Basic Income

Basic income after automation? That’s not how capitalism works

Mark Dempster

Universal Basic Income

I think a few people are missing the point about basic income. The idea is that it's set at a level that means no-one HAS to work if they don't want to; their basic needs are covered. Much like (in theory, if not in practice) unemployment benefit, etc. It also removes the need for the welfare system as it is now, as we all get it (I imagine the severely .disabled might need additional help, but it does come down to what level the UBI is set at)

A certain proportion of the population will still want to work, to top up their income so that they can have whatever luxuries they'd like. Or just for their own personal satisfaction. Increasingly, though, full-time employment won't be needed (or, indeed, available) - so larger numbers of people might work a few hours each.

It's getting toward the nirvana promised in Star Trek, without all the whizzing around space. It's a great idea in theory, but might be very difficult to transition to. The countries that are planning to experiment with it will be very much worth watching.

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