The article is an insightful thought on the advantages as well the risks of granting a basic income, particularly within a political context characterised by laissez-faire capitalism. Nevertheless taking into account the evidence that formal working hours will be dramatically reduced in the years ahead and that reducing the length of formal working week might be unavoidable, basic income is a reasonable proposal to pave the way towards fewer formal working hours and to support the caring economy. The main challenge lies in financing basic income. The author proposes a different way from traditional taxing on profits and wages: land value taxation. That means instituting a social dividend that is firmly based on the principle of sharing, in which all citizens have a right to income from “natural property”, such as land and other resources that are either inherited or co-created by society.
Rajesh Makwana, “From Basic Income to Social Dividend”. Share the World Resources. 18 March 2015.
