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Solving poverty by giving people money

What happens when all semi trucks are self-driving? Heck, Uber even has it in their business plan. What about robots that flip burgers (already exists)? And software that makes investments? And 3D printers that can build a house in 24 hours (already exists)? Some experts (not all) have predicted that the future holds the elimination of jobs (blue collar and white) that we have never seen in human history.

Universal Basic Income - i.e., giving every citizen $1,000 dollars a month, no questions asked - was a new concept to me until a few months ago. Since then, I've watch some TED talks, heard about it in the news (Hawaii is considering it apparently), and read this nice book by Andy Stern, former labor leader turned UBI proponent.

The idea is very simple (albeit expensive). Rather than have welfare programs, we simply give all citizens enough money to get them out of poverty. The "universal" part is also simple: everyone gets the money, no matter if they work or not. Even rich people.

What really impressed me about the book is how it convinces the reader that both ends of the political spectrum - progressives and libertarians - have solid reasons to get behind UBI, and therefore it might even get support. Martin Luther Jr. supported UBI, but so did Richard Nixon. The book is enjoyable, easy to read, and is full of interviews from a spectrum of various thoughts. 



Solving poverty by giving people money

(Books, Nonfiction) Permanent link

What happens when all semi trucks are self-driving? Heck, Uber even has it in their business plan. What about robots that flip burgers (already exists)? And software that makes investments? And 3D printers that can build a house in 24 hours (already exists)? Some experts (not all) have predicted that the future holds the elimination of jobs (blue collar and white) that we have never seen in human history.

Universal Basic Income - i.e., giving every citizen $1,000 dollars a month, no questions asked - was a new concept to me until a few months ago. Since then, I've watch some TED talks, heard about it in the news (Hawaii is considering it apparently), and read this nice book by Andy Stern, former labor leader turned UBI proponent.

The idea is very simple (albeit expensive). Rather than have welfare programs, we simply give all citizens enough money to get them out of poverty. The "universal" part is also simple: everyone gets the money, no matter if they work or not. Even rich people.

What really impressed me about the book is how it convinces the reader that both ends of the political spectrum - progressives and libertarians - have solid reasons to get behind UBI, and therefore it might even get support. Martin Luther Jr. supported UBI, but so did Richard Nixon. The book is enjoyable, easy to read, and is full of interviews from a spectrum of various thoughts. 

Posted by Matt Smith at 07/10/2017 11:49:53 AM