Why we should all have a basic income | World Economic Forum

Submitted by -treichel on
Body

A promise of equal opportunity

“Basic income” would be an amount sufficient to secure basic needs as a permanent earnings floor no one could fall beneath, and would replace many of today’s temporary benefits, which are given only in case of emergency, and/or only to those who successfully pass the applied qualification tests. UBI would be a promise of equal opportunity, not equal outcome, a new starting line set above the poverty line.

The article discusses economic models that have calculated UBI scenarios in the U.S. It argues that UBI  is entirely affordable.

Document Type
Digital Economy Topical Cluster