Of course, it is possible to fund UBI in America. Based on my calculations from a forthcoming article in Basic Income Studies, this one-minute video argues that a UBI large enough to eliminate poverty in the United States will cost 2.95% of the GDP per year–even if no other entitlement programs are replaced or reduced.
In this one-minute video, I argue that people look at automation and UBI in the wrong way. We must not wait until the predicted day when automation reduces the total number of jobs available. Automation creates two important reasons to introduce UBI right now even if automation is not going to reduce the total number of jobs available any time soon.
This essay was originally published in the USBIG NewsFlash in October 2005. Dividend checks from the Alaska Permanent Fund (APF) go out this month paying $845.76 (US), to every Alaska resident. (The APF is the only existing Basic Income in the world. It pays yearly dividends based on earnings from an investment fund created out of the state’s oil
This essay was originally published in the USBIG NewsFlash in August 2005. Jay Hammond, the governor of Alaska from 1975 to 1982, who led the fight to create the Alaska Permanent Fund, was found dead at his Homestead about 185 miles southwest of Anchorage, on Tuesday, August 2, 2005. He led an amazing life. Hammond was a laborer, a
So many countries are currently conducting or seriously talking about starting Universal Basic Income (UBI) experiments that it’s becoming hard to keep track. These are not the first experiments in UBI or other forms of Basic Income Guarantee (BIG). Namibia and India conducted UBI experiments in the late 2000s and early 2010s. And between 1968 and 1980, the U.S. and
This essay was originally published in the USBIG NewsFlash in May 2005. While the Namibian government balks at the difficulty of raising the $200 million it would need to provide its citizens with a minimum income of a little more than 50 cents ($0.50) a day, it is important to put that cost into the first-world perspective. At an interest
This post is one of several previewing the book I’m writing on Universal Basic Income (UBI) experiments, and it is the second of two reviewing the five Negative Income Tax (NIT) experiments conducted by the U.S. and Canadian Government in the 1970s. This post draws heavily on my earlier work, “A Failure to Communicate: What (if anything) Can We Learn
The devil’s in the details is a common saying about policy proposals. Perhaps we need a similar saying for policy research, something like the devil’s in the caveats. By this, I mean that the evidence any particular piece of research can provide is only a small part of the evidence people need to fully evaluate policy proposals. Non-specialists involved in