Discover and read the best of Twitter Threads about #BasicIncome

Most recents (24)

31% of American workers would be unable to cover basic living expenses after missing a single paycheck. Missing two would lead to over half the country being unable to meet their basic needs without relying on savings or debt.

marketwatch.com/story/half-of-… #BasicIncome #YangGang
Economists and politicians love to ignore stuff like this and instead focus on the employment rate. Half the friggin country is economically insecure despite being employed. Most Americans are spending most of their time just trying to survive another month.

We're bailing water.
Not only does this level of insecurity lead to stress and the physiological consequences of stress, it also makes us mostly unable to really think much about anything else. Climate change? Ha, yeah right. What matters is eating tomorrow, not the long-term survival of our species.
Read 7 tweets
Trick question: Which slices of this pie would benefit most from $1,000/month?

If so many people benefit, why are the detractors obsessed with groups that don't even make a dark line on the chart?

#YangGang #BasicIncome #FreedomDividend @AndrewYang
If your argument is against #FreedomDividend or #BasicIncome because "something, something, people in the black part of this graph," then why are you willing to hold back 88% of the nation over it? It took me a while to compile this visualization, but opposition seems petty.
Clearly, I feel for the "working poor," but they are this many of us. Less than 4% work 40+hrs/week and earn below the poverty line. If a policy will benefit them ... AND another 84% of the nation significantly, then which is the better policy? #MATH
Read 7 tweets
Many people don't seem to understand that if you install UBI within a conditional benefits system and keep all the conditional benefits without replacing any of them with UBI then all the counterproductive effects are still there. Paid work is still punished. Paternalism remains.
This is a problem mainly among those on the left, who see UBI as just more money where more is always better, when this is about far more than money. It's about unconditionality. Without UBI we need SNAP, but SNAP should be replaced by UBI because SNAP is a paternalistic program.
It also makes no sense to me to look at a group of people equally in poverty & decide that some of them should get more than others if they're already receiving assistance. Our safety net has too many holes. It's unjust to help those in the net more than those who hit the ground.
Read 12 tweets
Day 2 of #NordicUBI is beginning. Here's the live stream link.

We're starting out the day talking about the Finland UBI experiment, and of course the first thing mentioned is just how much misinformation and propaganda is out there about the experiment.

Here's my summary of the Finland story:

medium.com/basic-income/w… #basicincome #NordicUBI
"A lot of people that need UBI most are mostly invisible in Norway... They're just falling through the cracks."

This is one of the things that I think progressives have the hardest time coming to terms with. Without UBI, all safety nets have holes, even in the Nordic nations.
Read 24 tweets
I'm in Oslo, Norway, and the UBI Nordic 2019 conference has just begun. Here's the link to the live stream.



#BasicIncome #UBI #UBINordic
VAT is the most efficient tax that exists, besides other corrective taxes like carbon taxes, and land value taxes. Instead of taxing what people put into the economy, VAT taxes what people take from the economy. VAT on its own is regressive but with UBI is the optimal tax system.
"I want real freedom of movement in Europe where people have the ability to move, but they also have the ability to stay."

Barb Jacobson making the vital point that an EU-wide dividend would not only eliminate holes in national UBI systems, but also reduce desperation migration.
Read 22 tweets
It is evident that @SubhadipNandy doesn't have any understanding of basic income or he hasn't read any relevant literature. The problem with the proposed scheme is that it doesn't get the transfer amount right- it is too high to potentially contract labour supply.
B) The policy in question as announced by @RahulGandhi will shoot up the fiscal deficit which will have an impact on inflation and the poor will be the worst affected under such a scenario.
C) RG's idea is in contrast with what we had argued when we suggested replacing MGNREGA, PDS and other programs with direct cash transfers. That way it wouldn't have an impact on the fiscal space. Our program covered 33% of India's population and had a lower cost than his plan.
Read 7 tweets
In 2018, the newly elected @fordnation govt, who told voters both during and after the campaign that the #BasicIncome Pilot begun in 2017 would continue for 3 years as planned, canceled it and refused to gather data.

The following are unofficial results:

assets.nationbuilder.com/bicn/pages/42/…
Of the 424 recipients surveyed, comprising 9.4% of the total experimental population, 44.5% were employed part-time or full-time, which points to a possible increase overall in employment from 35%, with a possible increase in PT work, decrease in FT work, and more volunteering.
In the baseline survey (the only official data gathered as part of the OBIP's launch) about 11% of participants volunteered in their communities. Among the recipients in this survey over 25% volunteered. These unfortunately can't be directly compared, but it seems noteworthy IMO.
Read 20 tweets
Well this is a fascinating confounding variable to find in the full report of Finland's #BasicIncome experiment. Apparently the treatment group was not equal to the control group and in fact received a total of $1898 less, and yet they were still happier!

julkaisut.valtioneuvosto.fi/bitstream/hand…
Why this occurred is also fascinating. It appears that adults with kids were forced to apply for standard benefits to receive additional benefits for their kids, meaning that the majority of the people in the treatment group didn't even benefit from less hoops to jump through!
Additionally, the treatment group received less overall benefits because upon accepting employment, and because their basic income was counted towards qualifying for other social assistance benefits, they didn't receive those other benefits and yet again, they were still happier!
Read 19 tweets
Some of the findings from the 1st year of #BasicIncome in Finland provided to 2,000 unemployed people:

✔️No negative impact on employment

✔️Reduced stress

✔️Improved sense of well-being

✔️Increased ability to be an entrepreneur regardless of earnings

epressi.com/tiedotteet/hal…
The neutral employment impact after one year fits an experiment of only 2k people. Full UBI would increase overall demand, creating new employment opportunities. This just shows people aren't lazy and want to work.

(Alaska's small UBI increases demand, thus PT employment by 17%)
Entrepreneurship effects are also muted compared to previous UBI experiments, because in Finland it only functioned as startup capital and to reduce risk of failure. It did not also create a population of new customers as previous experiments have which then found large effects.
Read 15 tweets
THREAD: With the announcement yesterday by India's opposition party of an intention to implement basic income for the poor (not UBI) one of the more fascinating results I've observed so far is that the parties appear to now be fighting over who thought of it first.
What's so interesting about this development in India is that it's *kind of* like if a Democratic president was talking about implementing UBI if re-elected, and then the Republican party promised they would implement UBI if elected. Now the debate moves to details vs concept...
In India, neither of the parties involved are talking full UBI, but one is talking about a step centered around farmers, and now the other is talking about everyone under an income level. Unfortunately, neither of them really understands UBI, because each is focused on the poor.
Read 23 tweets
50 years after slavery became illegal in the US, some white people decided they didn't like how black women with monthly stipends weren't cooking & cleaning for white people, so they decided refusing employment should be illegal. 100 years later not much has changed. #BasicIncome
Because their husbands were soldiers, these women received monthly checks independent of any work to cover their basic needs. If the work some people didn't want to do wasn't getting done by others, they should have offered higher wages. Instead, they proposed work requirements.
The fact it's 2018 & so many people still think it's a good idea to force other people to work for low wages doing the things they themselves don't want to do, says a lot about how far we still need to go to get away from our racist inclinations, and to embrace universal freedom.
Read 5 tweets
Our monetary system obfuscates what people are contributing to society. The assumption that because someone has money, they are contributing to society, is false, as is it false to assume those without money aren't contributing.

#PoorPeoplesCampaign
#BasicIncome
#GreenNewDeal
We created a private property system which locked up resources behind walls & then decided to create keys to those locks called money. Not only is it incorrect to assume that because someone lacks enough keys, they don't deserve access to what they need to survive, it's immoral.
Meanwhile, the ownership & inheritance of locks leads to the passive accumulation of more keys, and in such a system where working for lock owners is required in order to obtain keys, and doing nothing but having a lock leads to keys, we perpetuate an unjust system of domination.
Read 6 tweets
Eliminating poverty should be one of our primary goals as a society. The solution is to lift everyone out of poverty with #BasicIncome as an unconditonal right to resources needed to exist. If you believe only the employed deserve to live free of poverty, your vision is lacking.
Ending poverty REQUIRES unconditional basic income. There's no ending poverty through a conditional approach. The right to live free of poverty should be seen as a right of citizenship, not something someone only deserves for doing activities deemed worthy by those dominating us.
Do you believe that unpaid workers deserve to live in poverty or that providing them with conditional welfare benefits prevent their poverty? Do you think providing paid workers with cash while providing unpaid workers with benefits-in-kind, or even nothing, is fair & dignifying?
Read 8 tweets
The most effective thing we could do to support small businesses would be to introduce unconditional basic income. UBI would function as both venture capital for would-be entrepreneurs and consumer buying power for their customers.

huffingtonpost.ca/2018/07/26/bas…

#SmallBusinessSaturday
This is also why over 100 CEOs in Canada have signed a letter urging the Ontario government to complete their #BasicIncome pilot experiment. UBI is good for business, especially small business.

Businesses need customers.

ceosforbasicincome.ca
#SmallBusinessSaturday #shopsmall
A common concern about UBI is how it would enable employers to pay less, but that would be a huge benefit to small family-owned businesses. Their workers could choose to accept less because they love working there, or to refuse to work unless they got more. #SmallBusinessSaturday
Read 6 tweets
New @theRSAorg publication out today. Ideas for a 21st Century Enlightenment. It is accompanied by a survey that shows deep pessimism about the future and a strong desire to reach beyond #Brexit thersa.org/discover/publi…
75% see #brexit as distracting from other pressing issues - both remain and leave supporters agree. People do trust experts. But they want a greater voice and say themselves. Only 21% think Britain will be better in 2030 than today. And yet, we don't despair.
We propose a new way forward on education - @JulianAstle and @LauraJPartridge explore what education for enlightenment looks like - mission-led by teachers, parents, and communities. thersa.org/discover/educa… #edutwitter #education
Read 8 tweets
#BasicIncome I think the Conservatives are afraid to find out just how efficient and how much money the country would save if we went with a Basic Income. Why else would... obj.ca/article/pythia…
...they race to close it down before we can actually demonstrate with evidence? The money was *already* allocated for the pilot. It wasn't going to cost you anything extra to see it thru. Now with the legal battles and lawsuits as a result of this it might end up costing even...
more -- and we won't have the evidence. Lose/Lose all around

If they think they are right, Why not prove it? It was already happening. All they had to do was sit back and wait for the proof. One way or the other one of us was going to be right. They don't want that to happen.
Read 4 tweets
(1/17)

The Story Behind The Countryside Living Allowance…

…or…

How I discovered a policy that could raise wages and bring about full employment…

…a thread.

#CLA
(2/17)

Minimum wage can drive marginal workers into unemployment.

Or push them into undesirable jobs with no room for professional growth.

So a policy that can promote employment AND raises wages is the Holy Grail of Economics

#fullemployment #wages
(3/17)

It all began when I was working on a project for tax and welfare reform.

My job was to investigate the revenue generating potential of Land Value Tax and the ease of avoiding payment.

#LVT
Read 17 tweets
I've been researching the idea of Unconditional Basic Income since 2013. Here's a list of findings I've compiled from various UBI experiments, unconditional cash transfer studies, and cash dividend research.

The data speaks for itself.

Data: reddit.com/r/BasicIncome/… #basicincome
1) "The design and framing of Mincome led participants to view payments through a pragmatic lens, rather than the moralistic lens through which welfare is viewed… this paper finds that Mincome participation did not produce social stigma."

onlinelibrary.wiley.com/doi/10.1111/ca… #BasicIncome
Although there was a slight decrease in hours worked per year when primary earners were provided a basic income guarantee in the 1970s, that emerged as a result of spending more time between jobs, reasonably looking for a *good* job instead of *any* job.

academia.edu/1159217/A_fail…
Read 21 tweets
You know how those who don't know any better can hug something to death? That's what those who love capitalism but hate #BasicIncome remind me of. Automation is here. We must now decouple income from work. Not implementing UBI means capitalism eats itself. Capitalism *needs* UBI.
Meanwhile, those who hate capitalism and want it to die, and who subsequently don't like UBI because it will save capitalism, are like butterfly lovers who hate caterpillars who believe caterpillars should die. Yes UBI will save capitalism, but from UBI postcapitalism can emerge.
So again, #BasicIncome is not left or right, it's forward. If the right prevents UBI, the economy will become starved of currency for market exchanges. If the left prevents UBI, they may get revolution, but mass suffering will occur, and fascism may result instead of socialism.
Read 13 tweets
"It is not the employer who pays the wages. Employers only handle the money. It is the customer who pays the wages."

Money is meant to circulate through economies. Customers buy stuff. That money becomes wages. Those wages buy stuff, etc.

Here's a diagram of how this works.
As factors of production become machines, factor incomes are reduced, which in turn reduces personal consumption, which in turn further reduces factor incomes.

Automation breaks this system without the provision of income external to the loop, aka unconditional basic income.
If you love the idea of decentralized market economies and hate the idea of unconditional basic income, you've got a real problem on your hands because the former requires the latter. Markets require customers who require money. As money goes to fewer hands, markets break down.
Read 9 tweets
Today is #MayDay and #InternationalWorkersDay and #LabourDay and beyond recognizing the past victories of the labor movement in achieving milestones like the 8-hour day, we really need to talk about the future of the labor movement in a world increasingly automated by machines...
As automation continues, potentially eliminating 1/2 of all existing jobs by 2030, eroding security & buying power through the growth of part-time jobs, low-paid work, temp labor, gig labor and freelancing, unconditional basic income represents the ability to empower ALL workers.
The ability for everyone to say NO to any & all employers would have an undeniable effect on bargaining power. It'd mean greater profit sharing, higher wages, shorter days/weeks, improved working conditions, more flexibility, etc. UBI can even function as a universal strike fund.
Read 16 tweets
"Why should the rich who don't need it get Unconditional #BasicIncome (UBI) too?" asks the person who would never think of suggesting that public K-12 schooling and access to police & fire protection only be made available to those households earning less than $100,000 per year.
Don't worry about the rich when it comes to UBI. They will all be net payers, paying more in than they get out, just as they already do with schooling where they pay for public school but instead opt to pay even more for private school. The universality of UBI is its strength.
It is not wasteful to provide UBI to those who don't need it. First of all, who are you to say who needs it and who doesn't? Secondly, trying to save money by doing so creates stigma and divides the population, weakening the program. Programs for the poor are poor programs.
Read 6 tweets
Maslow's Hierarchy of Needs is a psychological theory that explains human motivation. In his theory, people will prioritize their lowest level of needs before they can focus on their higher level needs. #basicincome #ubi medium.com/basic-income/u…
A lack of the ability to meet ones basic needs creates a "scarcity mentality". Everyone experiences it at some point, from not enough money, food, or time. This mentality can best explain why poor people make poor decisions. #basicincome #ubi
When someone lacks the resources to cover their basic needs, they become extrinsically motivated to seek work. This often creates a different work attitude than those who are intrinsically motivated to work, because they're working to fulfill different needs. #basicincome #ubi
Read 7 tweets
It's #SinglePayerSunday!
Beware the scams!
Vote #MedicareForAll!
Vote #SinglePayer in 2018!
Be a #MedicareForAllVoter
It's #SinglePayer supporters who are being pragmatic, not the opponents
#MedicareForAll #SinglePayerSunday latimes.com/opinion/reader…
The popularity of #SinglePayer health care:
Letter to the editor
#MedicareForAll #SinglePayerSunday
oregonlive.com/opinion/index.…
Read 94 tweets

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