by Hilde Latour, Sarath Davala | Dec 8, 2024 | Opinion
Photo by Traxer on Unsplash
“…there are on the horizon two radical ideas that have the potential to create synergy which can revolutionize the way we are currently addressing the income vulnerability and different forms of deprivation in the world today. The two ideas are Bitcoin and Universal Basic Income: that is, providing a basic income to every human being on the planet by means of Bitcoin. What is common between these two ideas is that they are based on certain foundation human values: individual freedom and autonomy, human dignity and equity.”
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by Guest Contributor | Apr 1, 2024 | Opinion
The evolution of climate action has reflected the need for affordable options. Universal basic income (UBI) has the unique opportunity to empower everyone to change the world. The warming environment necessitates rapid development and deployment of climate innovations. UBI can provide the accessibility that is crucial to the widespread adoption of solutions like solar panels, energy-saving appliances, and electric vehicles (EVs). This article will explain how UBI and climate change intertwine to create the perfect catalyst for environmental responsibility.
Basic Income and Climate Change
UBI advocates recognize the positive impact that policy changes like this can have on the environment. Basic income is an underutilized concept that outlines how the government would provide all citizens with a base-level income monthly or annually. Ideally, this would be unconditional and exist regardless of socioeconomic status. The intersection of basic income and climate change mitigation lies in the opportunities UBI can create to reshape consumer behavior, foster innovation, and provide a safety net for those most vulnerable to the impacts of environmental shifts.
Ensuring a basic income for all citizens can create a foundation that enables them to make sustainable choices without the constraints of financial insecurity. Financial stability can drive a shift toward eco-friendly practices, encourage investments in clean technologies, and empower communities to actively participate in the transition to a low-carbon or carbon-neutral economy. Moreover, basic income serves as a buffer against the inevitable career impacts that will stem from technological and environmental changes. Offering the chance to save money and seek employment in environmentally sustainable careers offers society a more resilient and sustainable future.
Incentives To Invest in Sustainable Tech
With a guaranteed income, people are not only granted financial stability but are also better positioned to engage in environmentally conscious choices. If entire paychecks aren’t being sunk into costs of living, people are more likely to use excess cash flow to take advantage of sustainable tech investments. There are federal and state tax incentives specifically designed to promote sustainable technology investment in solar panels, EVs, and the like. Some include:
- Business tax benefits;
- Federal solar tax credits;
- Low-interest loans;
- State tax credits;
- Utility rebates.
With the financial stability of UBI, low-interest loans could become easier to obtain. This can facilitate the adoption of climate-friendly solutions that have upfront costs that many couldn’t otherwise afford. This financial empowerment enables a broader segment of the population to actively participate in the green revolution.
Return on Investment
There are plenty of climate tech solutions that offer a return on investment, whether that’s through tax incentives or decreased utility costs. Heat pumps, for instance, are valuable investments that provide an energy-efficient alternative to traditional HVAC systems. Some of the perks of installing heat pumps instead of furnaces or air conditioners include:
- Less electric use;
- No smoke or fumes;
- Compact sizing;
- No fossil fuel use;
- Filtered air;
- Increased home value.
With the economic flexibility provided by UBI, people can purchase heat pumps that not only reduce their carbon footprint but also provide individualized, long-term savings. Lowered utility bills and higher ROI when selling homes are just two examples.
Ability To Reskill for Green Careers
Long-term financial stability often involves safeguarding your career for the future. Offering UBI can give people the flexibility to participate in continued education. The demand for jobs in many industries is going down as the climate is changing, literally and figuratively. The shift to more eco-conscious careers is palpable. As the job market evolves toward sustainability, UBI empowers people to pursue education and training in fields such as social purpose, renewable energy, environmental science, or sustainable agriculture.
Some of the careers in these fields are inherently entirely new. Upskilling or reskilling can give job seekers the edge they need to secure a long-term career in less volatile sectors like clean energy. With the assurance of a basic income, they can gain the freedom to seek further education and unlock opportunities to transition into these green careers. The financial stability UBI provides offers a safety net during the learning process, mitigating the risks typically associated with career changes.
Room for Investments in Decarbonization
UBI also affords people a newfound capacity to invest in companies dedicated to climate tech solutions. This democratizes climate action, breaking down financial barriers and enabling a broader segment of the population to become stakeholders.
By investing in these forward-thinking companies, people not only align their portfolios with sustainable values but also become integral participants in driving the transition toward a low-carbon future. This diversifies the pool of sustainable investors but also creates a more inclusive and impactful approach to decarbonization, fostering a collective commitment to building a greener and more resilient global economy.
Looking to the Future
With climate change comes the threat of extreme weather events and, ultimately, mass extinction. UBI could be the answer by allowing the widespread adoption of climate action. It’s not that people generally don’t want to get involved in saving the environment. If they are educated on decarbonization efforts and the incentives to participate, UBI can be the driving force to get them involved.
Written by: Beau Peters
by Guest Contributor | Nov 17, 2023 | Opinion
China’s ongoing rural reforms are fostering practices akin to basic income, offering dividends to residents in the vast countryside. This development draws a parallel to the broader discussion of basic income within the context of China’s social security system and policies, such as the DiBao policy.
Since 2016, China has embarked on a reform of its rural collective property rights system. This reform, which involves a unified method of property verification by the central government, has enabled many villages across the country to establish clear ownership of assets. This foundational step has set the stage for the distribution of dividends.
The reform involves transforming collective operating assets into a shareholding cooperation system. The government mandates that villages and towns with these assets quantify them into shares for collective members, allowing for the distribution of earnings based on these shares. This approach leverages China’s collective economic base and equitably allocates previously undefined collective property to each member. Consequently, villagers now own shares and receive dividends, significantly enhancing their sense of financial gain.
However, these dividends differ from the traditional concept of basic income. They are conditional, require ownership in the collective, and do not necessarily follow a regular payment schedule. Despite these differences, the reforms have led to innovative institutional experiments across various pilot projects.
For instance, to include permanent residents and workers without shares in dividend distribution, some collectives have introduced new types of shares such as labor, land, and capital shares. This diversification enables broader participation, aligning more closely with the unconditional principle of basic income.
In terms of periodic distribution, some village groups, like Yongjiang Street in Ningbo, Zhejiang Province, have moved from lump-sum to regular payments. This approach, now increasingly adopted by local cooperatives, ensures more consistent financial support for members.
The impact of these reforms is tangible. In Beijing’s Haidian district, for example, villagers like Zhong Ercui have transitioned from traditional employment to becoming shareholders and employees of village collectives, receiving substantial dividends. This shift has significantly improved the economic conditions of thousands of residents in the region.
These reforms represent a significant step in China’s rural development, blending traditional collective economic practices with modern principles of equitable asset distribution and financial empowerment for rural residents.
Written by: Martin Han
Editor: Tyler Prochazka
by Tyler Prochazka | Nov 15, 2023 | Opinion
In a recent study conducted examining attitudes among Chinese youth towards basic income, notable findings emerged, highlighting both a lack of comprehensive understanding and a positive disposition towards the concept.
The study, conducted through a questionnaire by BIEN student interns in China, focused on Chinese youth’s awareness and perceptions of basic income, a topic gaining relevance amidst economic challenges in China. With the country experiencing a slowdown in its rapid economic growth, phenomena such as “inward curling” and “lying flat” have emerged, indicative of the pressures faced by young people.
Basic income, a program offering financial support without conditions, is posited as a solution to alleviate these pressures, providing individuals with the dignity of survival and the power of choice.
Key findings from the survey reveal that while Chinese youth are enthusiastic and hold a positive attitude towards basic income, their understanding is limited. Nearly half of the respondents lacked a fundamental grasp of the concept and many held misconceptions about its universal nature. A significant portion believed the amount should vary based on location or personal income, contrary to the principle of universality inherent in basic income.
Despite these gaps in understanding, the overall response from Chinese youth was optimistic, reflecting a societal inclination towards fairness and the belief in basic income as a beneficial social program.
These insights suggest a need for further education and awareness-raising efforts, perhaps spearheaded by organizations like the Basic Income Earth Network (BIEN), to enhance understanding and support for basic income among China’s youth. Such efforts could play a crucial role in addressing the challenges faced by this demographic and in shaping the future of social welfare programs in China.
The full details and analysis of this study can be found in the original research found here.
Written by: Shengjia Qin & Rui Liang
Edited by: Tyler Prochazka
Mentor: Tim Lu
by Karl Widerquist | Sep 18, 2023 | Opinion, The Indepentarian
My main perspective is an argument with four premises:
1. It’s wrong for anyone to come between anyone else and the resources they need to survive in almost all circumstances.
2. Freedom is the power to say no.
3. A private property economy (or a socialist economy) without basic income interferes with people as they try to use resources to survive.
4. By doing 3, economic rules take people’s freedom away.
5. (Conclusion): private property or socialist economies require a basic income large enough to meet people’s basic needs.
I’ve written a lot justifying each of these premises, explaining & exploring what they mean, justifying the connection between these premises and the conclusion, replying to potential objections, making addition arguments for basic income, and exploring other conclusions that follow from my basic moral perspective, but–near as I can tell–this is the heart of my political theory.
by Guest Contributor | May 30, 2023 | Opinion
While the proposition may appear daunting, the exploration of Universal Basic Income (UBI) for both Israelis and Palestinians is certainly worthwhile. Given the sustained conflicts in the region — from bombings in Gaza to raids in villages — and the current Israeli government, a unified UBI may seem implausible.
Nevertheless, a robust discussion on the potential benefits of a shared UBI program across troubled landscapes from the Mediterranean to the Jordan River is a necessity. Despite a history of failed negotiations and a prevailing sentiment of intractability, a UBI offers a novel approach to a perennial issue.
Scholars like Diana Bashur, renowned for her research on the influence of UBI in conflict-ridden areas, argue for its potential to improve social cohesion, bolster peacekeeping initiatives, strengthen social contracts, and enhance the resilience of communities. As demonstrated in her most recent work on post-war Syria, UBI might not be a panacea, but it could be a crucial step toward a more equitable society. This innovative peace-building measure, detailed extensively in Bashur’s work, ought to be considered seriously by policymakers seeking to address one of the oldest conflicts of mankind.
Imagine the application of UBI across Palestine and Israel — in Gaza, the West Bank, Jerusalem, and Haifa. This shared income would not discriminate between Palestinians and Israelis but rather assert a human right to live with dignity. Such a policy could foster a sense of shared belonging and equality, thus promoting mutual respect, regardless of religious, cultural, or ethnic differences. It would necessitate a cooperative approach from both Palestinians and Israelis, forging a partnership necessary to make UBI a success.
A harmonious social connection, coupled with non-discriminatory policies, could enhance security and decrease instances of violence. Moreover, acknowledging the human rights associated with UBI could demonstrate to even the most radical factions the shared humanity of all residents. From an economic perspective, investments into UBI could foster development and societal contribution, provided these efforts are accompanied by comprehensive security measures and advancements in healthcare and education.
Contrary to critics, such a program may not be prohibitively costly. With the successful implementation of UBI and accompanying reforms, reductions in military and security spending could be realized, thus paying for itself. The benefits of UBI in terms of lives preserved and cycles of violence broken are invaluable. Providing Palestinians, particularly those in Gaza and the occupied regions, with genuine opportunities could not only disrupt the status quo but also increase their societal contributions.
The current situation in the region, marked by loss, radicalization, and animosity, is untenable. Desires for change resonate on both sides — the Israeli protests and the widespread dissatisfaction among Palestinians are testaments to this. Therefore, despite its potential complexities, the implementation of a shared UBI could be both economically and politically feasible.
While this article merely introduces the concept of a unified UBI for Israel and Palestine, the technicalities of such a policy’s execution will be elaborated in forthcoming work.
It is not asserted here that a shared UBI would be a panacea for all the region’s problems, nor that its implementation would be straightforward. The argument presented is that a unified UBI could assure the right of all residents to a life of dignity, thus breaking the cycle of violence. Once this foundation is established, politicians can convene to debate boundaries and borders in an environment free of immediate pressure.
Written by: Ahmed Elbas
Image credit: Sawinery.net
