The Way Forward

Some progressive solutions to repair a broken democracy

No Man Is An Island: Why UBI Would Benefit Society

Last year the Dutch government introduced an experimental universal basic income (UBI) system which is paid to the residents of Utrecht and 19 other Dutch municipalities. Unemployed people receive the equivalent of about £150 a week. If successful, the pilot will include payments to all citizens whether working or not. The aim is not to penalize the unemployed for finding work because they will receive their employment income in addition to the universal income payment. The Finnish government is planning to roll out the latter comprehensive model later this year.
Chris Dillow has done rough sums for the UK and comes up with £130 a week (around $200). Charles Murray had a look at it for the US and went for $10,000 a year, a remarkably similar sum. These are the sorts of amounts that could be paid within our current societies and wouldn’t act as a disincentive to employment because, as Tim Harford argues, people would want to supplement it.

Read More at: cultureandpolitics.org