Why I Support Universal Basic Income
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A few weeks ago, I wrote a post explaining the nuts backside universal basic income. I never said whether I supported the idea or not, only this post answers that! (Hint – check the title!)
I support Universal Basic Income
I know, it'southward a crazy thought! How would any government exist able to afford to pay all of its citizens a monthly stipend? The logistics of that are insane! I'm not here to talk most how it could be implemented or how nosotros would pay for it. I know that would be a long process with a lot of compromise; and I know I don't have all the answers. I'one thousand just going to talk about why I love the idea of Universal Basic Income.
Universal Bones Income and FIRE
It seems weird for a finance blogger to advocate for a plan that makes it easier for people to non save coin. But hear me out! Universal Bones Income would help tons of people achieve financial independence in the nearly bones sense. If people had enough money to pay for their basic needs each month, they wouldn't be forced to waste their lives working menial jobs that they can't stand but that also don't pay enough for them to exist able to get alee. People wouldn't have to piece of work ii minimum wage jobs just to brand ends run across.
I know that opponents of this plan will apply this as an opportunity to say that we would lose tons of workers and society wouldn't exist able to role; merely that brings me to the adjacent major reason why I support universal basic income – automation.
Automation is coming
Automation is going to exist the number one destroyer of minimum wage jobs in the future. The consulting business firm Mckinsey reported last yr that almost 30% US workers are at take a chance of being displaced by automation past 2030. That is a whole lot of people that are going to exist out of work – and the bulk of them work in the menial low wage jobs that I described above.
Sure, automation will create new jobs just similar the industrial revolution did, and just similar all major technological advances accept in the past. Only what people forget is that during the transition, people endure. Unskilled workers who tin can't discover jobs in new industries suffer. Families that lose their just sources of income suffer. Yeah, gild will eventually even itself out and accommodate, just we can do better than we did in the past. Nosotros can do better to ensure that this transition is smoother and better for the working class than previous shifts have been. I think universal basic income is a swell method of easing this transition.
Work is Overrated
I too support universal basic income because I remember work is overrated. I get that things need to exist done, and nosotros have to pay the bills and all that. However, I think that the American concept of valuing work simply for work's sake is insane. Why should nosotros be forced to spend xl hours per week in an office when we tin can get all of our work done in 20 hours? Why do we only value each other based on our salaries rather than what nosotros contribute to order?
I think that if we implemented an idea as crazy as universal bones income, people would stop working just for work's sake. They would start living their lives, and I think a large part of that would be making a positive affect on social club. People would take care of their elderly parents rather then sticking them in a habitation. Families could have more time with their children rather than relying on day care, schools, and telly to raise them. People would volunteer with organizations that they believe in, and would have fourth dimension to pursue their passions, create art, invent things, be innovative. Equally it stands right now, most people don't have time to take care of themselves much less volunteer for annihilation else.
Universal Bones Income and family values
A few months ago, I wrote a post on what I call up family values truly are and why we should support them. I support universal basic income because I retrieve information technology would be a great style to support all of those family values that I wrote about. It would help people beget healthcare, education, and homes. Information technology would likewise give families more than options in deciding how to care for their children.
Universal Income and Income Inequality
Yes, I know my liberal is showing. Distressing about that! But we need to acknowledge that income inequality is becoming a huge problem in the United States. The top 1% of households hold more than wealth than the entire bottom 90% combined. That'south insane! I'thou not advocating that the working course seize the means of production (socialism) simply I am in favor of a safety cyberspace that ensures every person the ability to run across their basic needs in a civilized order. Wages aren't exactly cut it at the moment, and neither is the gig economic system. I'm certain there are alternatives to universal basic income that would set these problems, simply this post isn't about those!
What about they guy who simply plays video games in his mom'south basement??
There are plenty of bang-up arguments against universal basic income, but this post isn't about that (does anyone desire to do a guest mail of why they are confronting it though? Information technology would exist a great debate topic!). The only argument against it that I'm going to address in this post is the ane that makes no sense to me. I hear a lot of people say that they are against universal basic income because they think that Joe Schmoe volition sit in his mom'southward basement wasting his payment on video games and Cheetos. My respond to this is: So what?
So what if a small percent of people use this as an alibi to not piece of work? They are withal putting their payment back into the economic system. They aren't hurting anyone. All the Joe Schmoe's could even band together to hire their own business firm and play video games together all twenty-four hours! They would be providing someone with rental income and keeping Pepsico stock up – both skillful things for the overall economy.
Exercise you Support Universal Basic Income?
So at present that I've showed my cards and my back up for universal basic income, I'd like to know what yous think! Do you like the thought or not? Tell me why in the comments!
Source: https://partnersinfire.com/lifestyle/support-universal-basic-income/
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