Citizen Basic Income | Adam Brown
We like to think that people get what they deserve. If you work hard, and make the right decisions, you should have a good life. So if it doesn't work out, we feel like it's our fault.
But 43 million Americans, including 15 million children, live in poverty. I don't think it's all their fault. The job market is like a game of musical chairs. And since we depend on employment to stay out of poverty, it's like playing musical chairs over hot coals. Traditional 40-hour-week, full time jobs, are becoming scarce. Meanwhile, technology is removing chairs from the game. Cars can already drive themselves. But it's not just taxi and truck drivers who should be worried. It's fast foo workers, retail associates, farmers, lawyers, writers, accountants, doctors, even animators like me. All sorts of jobs can now be done in part, or entirely by machines.
Basic Income was almost implemented in the US in 1970, and pressure is growing for it again. More on Nixon's Basic Income plan: https://thecorrespondent.com/4503/the...
The UBI model referenced in the video: https://medium.com/economicsecproj/ho...
How the UBI net transfer amount is calculated: http://www.huffingtonpost.com/entry/t...