Universal Basic Income (UBI) means that each person is paid (by the government) enough money that they can afford food, shelter and even a carefully budgeted social life without the need for work. The extremely poor would be paid exactly the same weekly wage as the extremely rich. Where would this money come from? A tax on the obscenely rich of course.
Category: Ethics and Society, Money, Philosophy, Public AffairsTags: Amazon, Automation, Basic Income, Diminished Returns, Economics, Employment, Fairness, Happiness, Income Inequality, Income Tax, Inequality, Luddites, Minimum Wage, Philosophy, Robots, Socialism, Technology, Unionisation, Universal Basic Income, Wealth Tax
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