What is universal basic income? How the policy gained traction - Business Insider

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Here's how the Silicon Valley dream of universal basic income slowly — then suddenly — became a solution for inequality in the US and abroad

, when Spanish-born humanist Juan Luis Vives praised a system of unconditional welfare. "Even those who have dissipated their fortunes in dissolute living — through gaming, harlots, excessive luxury, gluttony and gambling — should be given food, for no one should die of hunger," Vives wrote in 1526.

Over the next few centuries, political scientists and sociologists honed the idea of a minimum income even further. In 1797, the American revolutionary Thomas Paine advocated for a "national fund" in the pamphlet for which every American would be awarded fifteen pounds sterling when they turned 21, with another ten pounds per year after age 50. at a Stanford lecture in 1967.

"It seems to me the Civil Rights Movement must now begin to organize for the guaranteed annual income and mobilize forces," King said, "so we can bring to the attention of our nation this need ... which I believe will go a long, long way toward dealing with the Negroes' economic problem and the economic problem many other poor people confront in our nation."that "no matter how dynamically the economy develops and expands it does not eliminate all poverty.

It wasn't until University of Manitoba economist Evelyn Forget discovered the Mincome files 20 years later that anyone realized what a success the program had been.

 

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Let AndrewYang speak at the convention!!!

Without sounding callous & less caring of people in challenging circumstances, such a move is unsustainable. If done must be temporary & short period of time. Countries have tried freebies in the past, they never worked. We have come full circle. Dignity

If it's good for the gander, it's good for the goose. If printed money is good for the elites, it's good for the paupers

This should replace Social Security and other welfare.

It's not a 'Silicon Valley dream' and painting it that way immediately creates a false narrative. Here's a better history.

It is literally the REAL COMMUNISM or being common.

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