11 Facts About Basic income

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.

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.

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

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

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

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

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.

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.

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.

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.

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.