In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
A good basic income would give people a living wage and free millions to do important work. It would affirm the value of their work, and demonstrate that money is not the only goal of work.
The worst thing about our present jobs culture is the way it undervalues people. The only values assigned to people are the job they perform, or the amount of money they make.
By basing compensation and benefits solely on “jobs” we strip individuals of their dignity.
This makes Swift Demand one of the most interesting and ambitious blockchain platforms yet seen. Its goal is to build an entirely new type of economy based on a new kind of currency.
A whitepaper describes Swift Demand as “a transactional currency that provides a basic income.” That makes Swift Demand a basic income experiment as well as a blockchain platform.
Nobody knows if the basic income program was a success because the data is not in. Although, USA Today claimed it had failed with no proof. Any data generated will be suspect because it sounds as if social-services bureaucrats; afraid for their jobs, rigged the program to fail.
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Yang comes across as a kinder and gentler Generation X version of Trump.
Yang might be the breakout Democratic candidate of 2020. Even if he does not win, Yang is certainly in a position to disrupt the Democratic primaries and possibly knock out some serious mainstream contenders like former Vice President Joe Biden (D-Delaware) or U.S. Senators Kamal Harris (D-California) and Kirsten Gillibrand (D-New York).
. Like Donald J. Trump, Andrew Yang is a sophisticated but improbable candidate that has a strong chance of reaching the White House.
The California Democratic Party has sort of endorsed the idea of basic income. The concept is now mentioned in the
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“By borrowing around £200 billion ($280.25 billion) at historically low-interest rates the government could establish a fund; potentially able to pay itself back through economic growth engendered by investment in human capability from the fund,” the RSA claimed. The fund would be based upon the one already in operation in Norway, CNBC reported. That found is reportedly worth around $1 trillion (£700 billion) and was financed with oil revenues.
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Part of the reason for the proposal is risk avoidance; because around one-fifth of Norway’s gross domestic product comes from oil money. The hope is to keep generating enough income to keep Norway’s welfare state going into an oil-free future.
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A more interesting benefit was that a $4,000 yearly increase in household income reduced the poorest kids’ chances of committing a minor crime by 22%, Wired reported.
Children whose families received the payment had 40% less behavioral problems than other kids, Costello estimated. Those kids also had a lower rate of drug and alcohol addiction. She also found that 14% of the Cherokee families that received the income rose out of poverty.
Paying every citizen in the United States $1,000 a month would grow the economy by 12.56% in eight years, a report from a left-wing think tank called the Roosevelt Institute claims. That would certainly be better than the 1.6% U.S. GDP growth rate reported in 2016.
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Tests in the Indian state of Madhya Pradesh found that villagers who received basic income payments experienced better nutrition and a decrease in serious health problems.
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