11 Facts About Basic income

1.

Universal basic income is a sociopolitical financial transfer policy proposal in which all citizens of a given population regularly receive a legally stipulated and equally set financial grant paid by the government without a means test.

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2.

Several contemporary political discussions are related to the basic income debate, including those regarding automation, artificial intelligence, and the future of the necessity of work.

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3.

Basic income is the author of Agrarian Justice, published in 1797.

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4.

Basic income's solution to this paradox was a new social system he called social credit, a combination of monetary reform and basic income.

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5.

Basic income's was the first to develop the negative income tax model.

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6.

Six ambitious basic income experiments started up on the related concept of negative income tax.

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7.

One central rationale for basic income is the belief that automation and robotisation could result in technological unemployment, leading to a world with fewer paid jobs.

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8.

Costs of a basic income is one of the biggest questions in the public debate as well as in the research and depends on many things.

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9.

Many critics of basic income argue that people in general will work less, which in turn means less tax revenue and less money for the state and local governments.

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10.

Proponents of basic income often argue that with a basic income, unattractive jobs would necessarily have to be better paid and their working conditions improved, so that people still do them without need, reducing these traps.

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11.

Permanent Fund of Alaska in the United States provides a kind of yearly basic income based on the oil and gas revenues of the state to nearly all state residents.

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