Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

American Basic Income


African Americans Need a Basic Income not Reparations Talk

For instance, Median Household Income for a black American home was $36,651 in 2018, Black Demographics calculates. In contrast, the Median Household income for all American families was $55,332 in 2018.

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How American Basic Income could Work

Obviously, the American Basic Income cannot redress all the wrongs of racism but it can address the income gaps between the races.

For instance, the average African American household earned $40,340 in 2017, the Peter G. Peterson foundation calculates. Conversely, the average household income in the United States was $61,372 in 2017. Furthermore, the average US white household income was $68,145 in 2017 and the average Hispanic income was $50,486.

An American Basic Income could redress the racial income inequality. For instance, a black family of four people could make $64,340 a year with a $500 a month basic income. Hence, the basic income for an African American family of four will exceed the 2017 median household income.

Distributing a Basic Income to everybody can redress the effects of historic racism without stirring up racial animus. Whites will have no objections to the basic income if they receive the same amount of money as everybody else.

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My Thoughts

How an American Basic Income Might Work

One of the biggest advantages of a basic income scheme is that it would actually be fairly easily to implement. No new bureaucracy or social services mechanisms would be needed to set one up. One of the biggest benefits of basic income would be to address the problems of rural poverty and the hollowing out of small town America. The real problem facing communities such as Beattyville, Kentucky, (America’s poorest white town) is a lack of cash.

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