Send a Tweet
Most Popular Choices
Share on Facebook 2 Share on Twitter 1 Share on LinkedIn Share on Reddit Tell A Friend Printer Friendly Page Save As Favorite View Favorites
OpEdNews Op Eds

What's Good About Guaranteed Basic Income

By       Message Thom Hartmann       (Page 1 of 3 pages)     Permalink    (# of views)   1 comment

Related Topic(s): ; ; , Add Tags
Add to My Group(s)

Interesting 3   Must Read 2   Well Said 2  
View Ratings | Rate It

opednews.com Headlined to H2 7/5/15

Author 1486
Become a Fan
  (131 fans)
- Advertisement -

Reprinted from Smirking Chimp

From youtube.com/watch?v=AeFR4jUJFrc: Republican nonsense
Republican nonsense
(Image by YouTube)
  Permission   Details   DMCA

If conservatives really want to do away with "wasteful" and "overly bureaucratic" social services in the US -- services like Medicaid, Social Security and food stamps -- there's an easy alternative.

- Advertisement -

It's simple. It encourages personal responsibility. And it will do away with our current mess of programs that make up our social safety net.

All we have to do is guarantee every person a universal, and unconditional, minimum income.

It sounds unusual. It sounds like we'd just be paying people not to work. And why would anyone choose to work if they're receiving FREE money already?

- Advertisement -

That's the knee-jerk response -- but it doesn't hold up in real-world experiments.

A paper published in 2013 looked at two groups in Uganda: one group that received a no-strings attached grant equal to their annual income -- about $380 per person -- and a control group that received no grant.

What did the unemployed youth do when they were "paid not to work"?

The group that received the grant worked on average an extra 17 hours in comparison to the control group. They showed a 41 percent increase in earnings four years after receiving the grant.

They invested in skills and businesses. Individuals were 65 percent more likely to practice a skilled trade two years after receiving the grants.

Researchers have seen similar results from other experiments with unconditional income. In Kenya incomes increased by 33 percent and assets increased by 58 percent just one year after people received an unconditional $513 grant.

- Advertisement -

Those researchers also found that the grant reduced hunger and that the recipients were better off in terms of psychological well-being.

Which just makes sense. A guaranteed income lets households make a real budget and frees people from focusing only on where their next meal will come from.

Those are numbers that show that a guaranteed minimum income promotes economic productivity and real growth from the base of the market.

But those are just examples in the developing world. What about evidence from the world's developed countries?

Well, the city of Utrecht in the Netherlands will run its own experiment with basic minimum incomes.

Next Page  1  |  2  |  3

 

- Advertisement -

Interesting 3   Must Read 2   Well Said 2  
View Ratings | Rate It

opednews.com

Thom Hartmann is a Project Censored Award-winning New York Times best-selling author, and host of a nationally syndicated daily progressive talk program on the Air America Radio Network, live noon-3 PM ET. www.thomhartmann.com His most recent books are "The Last Hours of Ancient Sunlight," "Unequal Protection: The Rise of Corporate Dominance and the Theft of Human Rights," "We The People," "What Would Jefferson Do?," "Screwed: The Undeclared War (more...)
 

Thom Hartmann Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

S&P Blames Republicans, Mainstream Media Fails to Report It

Globalization Is Killing The Globe: Return to Local Economies

The Great Tax Con Job

The Uncanny, Frightening Ways That Trump's America Mirrors Hitler's Germany

The Truth about the Trust Fund-- Destroying Social Security to Destroy the Two Party System

The Deciding Moment: The Theft of Human Right